The optional local "installation password" associated with the INSTALL command.
INSTPW = 'fixmelater'
When INSTPW is set to '' (i.e., empty string), it indicates that there is no local password and that only the global password is required to install automatic shipments. The server can then be updated by the LISTSERV Master Coordinator without requiring any intervention by the local operation staff (provided that this has not been disabled from the LSV$INST EXEC user exit). A non-null value indicates that the installation of each shipment must be confirmed by means of an "INSTALL PASSWORD instpw" command from either the LMC or the local operation staff.