A give-up refers to an order executed by a firm and 'given up' to a different firm for clearing and processing.

For give-up functionality, tag 9708-CmtaGiveupCD=GU and tag 1693-PartyDetailRole=96 (take up firm) are set to the give-up firm ID. Tag 1693-PartyDetailRole=96 (take up firm) identifies the clearing member firm to which the fill is given up. Tag 9708-CmtaGiveupCD indicates if the order is a give up or a mutual offset.

In iLink New Order messages, Order Cancel/Replace Request (tag 35-MsgType=G) messages, and corresponding Execution Report (tag 35-MsgType=8) messages, tag 1693-PartyDetailRole=1000 (take up account) support give-up functionality at the account level. This repeating group allows users to provide only one give-up account.

To take full advantage of tag 1693-PartyDetailRole=1000 (take up account) and to ensure proper functioning of tag 1693-PartyDetailRole=1000 (take up account), tag 1693-PartyDetailRole=96 (take up firm), and tag 9708, tag 1693-PartyDetailRole=1000 (take up account) must be used in conjunction with tag 1693-PartyDetailRole=96 (take up firm) & tag 9708-CmtaGiveupCD. Tag 1693-PartyDetailRole=96 (take up firm) indicates the give-up firm and tag 1693-PartyDetailRole=1000 (take up account) indicates the account within that firm.

The following diagram illustrates how tag 1693-PartyDetailRole=1000 (take up account) are returned on outbound messages:

Give-Up-Reject Rules

Sending tag 1693-PartyDetailRole=1000 (take up account) without sending tag 1693-PartyDetailRole=96 (take up firm) and tag 9708-CmtaGiveupCD is not recommended, but CME Globex does not send a reject message if this occurs. The initial information that CME Clearing needs is the firm followed by which account to give the transaction to based on the account provided. CME Group will not reject the order in Globex since this scenario is based on clearing information.