OrderPercent (Tag = 516, Type: Percentage)

For CIV specifies the approximate order quantity desired. For a CIV Sale it specifies percentage of investors total holding to be sold. For a CIV switch/exchange it specifies percentage of investors cash realised from sales to be re-invested. The executing broker, intermediary or fund manager is responsible for converting and calculating OrderQty (38) in shares/units for subsequent messages.

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