DistribPaymentMethod (FIX tag 477)

intFIX 4.4FIX 5.0 SP2

DistribPaymentMethod (tag 477) is an int field defined in FIX 4.4 and FIX 5.0 SP2. It appears in 1 message type, always optionally. It is an enumerated field with 12 defined values.

At a glance

Tag: 477
Name: DistribPaymentMethod
Datatype: int
Dialects: FIX 4.4 and FIX 5.0 SP2
Messages: 1
Valid values: 12

What the specification says

FIX 4.4

A code identifying the payment method for a (fractional) distribution. 13 through 998 are reserved for future use Values above 000 are available for use by private agreement among counterparties

FIX 5.0 SP2

Identifies the payment method for a (fractional) distribution. Used for CIV.

Descriptions are quoted from the FIX Orchestra sources under the Apache 2.0 licence.

A real message using tag 477

RegistrationInstructions · FIX 4.4

Tag	Field	Wire value	Meaning
8	BeginString	FIX.4.4
9	BodyLength	111
35	MsgType	o	Registration Instructions
49	SenderCompID	BOARTEAM
56	TargetCompID	COUNTERPARTY
34	MsgSeqNum	2
52	SendingTime	20240101-12:00:00.000
513	RegistID	EXAMPLE
514	RegistTransType	0	New
508	RegistRefID	EXAMPLE
510	NoDistribInsts2 entries	2	repeating group
477	DistribPaymentMethod	1	CREST
477	DistribPaymentMethod	1	CREST
10	CheckSum	017

Edit and decode it yourself

Shown with | separators for readability. On the wire FIX uses SOH (0x01), an invisible control byte — and because BodyLength and CheckSum are computed over the actual bytes, the two forms have different checksums. Both are valid and both decode here.

Open in the full decoder →

Generated from the FIX 4.4 dictionary and verified at build time: it parses and validates with no issues. Open the decoder to try your own message.

Valid values

A value outside this list is not a parse error — the message still decodes — but validate() reports it as validate/value-not-in-enum.

Value	Meaning	Symbolic name
1	CREST	CREST
2	NSCC	NSCC
3	Euroclear	EUROCLEAR
4	Clearstream	CLEARSTREAM
5	Cheque	CHEQUE
6	Telegraphic Transfer	TELEGRAPHIC_TRANSFER
7	FedWire	FEDWIRE / FED_WIRE
8	Direct Credit (BECS, BACS)	DIRECT_CREDIT
9	ACH Credit	ACH_CREDIT
10	BPAY	BPAY
11	High Value Clearing System (HVACS)	HIGH_VALUE_CLEARING_SYSTEM / HIGH_VALUE_CLEARING_SYSTEM_HVACS
12	Reinvest in fund	REINVEST_IN_FUND

Where tag 477 appears

Requiredness is a property of the message, not of the field: the same tag can be optional in one message and conditionally required in another.

Message	MsgType	FIX 4.4	FIX 5.0 SP2	Where in the message
RegistrationInstructions	o	Conditional	Optional	inside the RgstDistInstGrp component

Wire format

A whole number, optionally signed. Leading zeros are legal on the wire and are preserved in the raw value. @boarteam/fix parses the value as a number and reports parse/invalid-int when it does not lex as one; the raw string is kept either way.

Read tag 477 in TypeScript

decode.tsts

import { createFixEngine } from "@boarteam/fix";import { dictionary } from "@boarteam/fix-dict-fix44";const fix = createFixEngine(dictionary);const { message, issues } = fix.parse(raw);const distribPaymentMethod = message.fields[477]?.raw;// e.g. "1" — CREST// The dictionary also carries the labels:const label = fix.dictionary  .fieldByTag(477)  ?.enumValues?.find((e) => e.value === distribPaymentMethod)  ?.description;

Decode this in your own code

The same engine that produced the decoded example above is an Apache-2.0 npm package with zero runtime dependencies. It runs in Node and in the browser, and parse() returns problems as data instead of throwing.

npm i @boarteam/fix @boarteam/fix-dict-fix44

Try the decoder Source on GitHub