SecuritiesTradeConfirmationStatusAdviceV03setr.044.001.03

Definition: Identifies whether an order is a margin order or a non-margin order. This is primarily used when sending orders to Japanese exchanges to indicate sell margin or buy to cover. The same tag could be assigned also by buy-side to indicate the intent to sell or buy margin and the sell-side to accept or reject (base on some validation criteria) the margin request.

Type: CashMarginOrder1Code (String)

Allowed Values:

• CASH (Cash): The principal owns the cash in case of a purchase, or the securities in case of a sale so the execution, if it occurs, will not generate any margin account opening or margin call.
• MRGO (Margin Open): The principal order, if executed, will generate a margin account opening or margin call because the principal does not have the cash in case of a purchase or the securities in case of a sale.
• MRGC (Margin Close): The principal order, if executed, will enable the margin position to be closed and the positions to be covered (for example: purchase of securities that have previously been short-sold, or sale of securities that have been bought on margin).