Description
The Settlement Instruction Request message is used to request standing settlement instructions from another party. This could be:
- A buyside firm requesting standing instructions from a sellside firm.
- A sellside firm requesting standing instructions from a buyside firm.
- A sellside or buyside firm requesting standing instructions from a third party central static data database.
- A third party central static data database requesting standing instructions from a sellside or buyside firm.
Settlement instructions can be requested for any combination of the following parameters (in addition to the party whose instructions are being requested):
- AllocAccount <79>
- Country <421> (of settlement)
- Side <54>
- SecurityType <167> (and/or CFI code)
- SettlCurrency <120>
- SettlDeliveryType <172> (i.e. DVP vs. FOP)
- EffectiveTime <168> (i.e. all instructions valid at any time from this date/time)
- Expiry Time (i.e. all instructions valid until this date/time)
- Last update time (i.e. all instructions created or updated since this date/time)
Alternatively, settlement instructions can be queried by reference to a database of standing instructions using the identifiers of that database as follows:
- Database id
- Database name
- Id of the settlement instructions on this database
The response to such a request should be a Settlement Instruction message with SettlInstTransType <163> "New" containing all SSIs meeting the criteria specified in the Settlement Instruction request. If the request cannot be processed, the request should be rejected with a Settlement Instruction message with SettlInstTransType <163> "Request rejected". Similarly, if the request returns no data, the request should be rejected with a Settlement Instruction message with SettlInstTransType <163> "No matching data found".
Settlement Instruction Request
Structure
| Tag | Field Name | Req'd | Comments | |
|---|---|---|---|---|
| Component Block - <StandardHeader> | Y | MsgType <35> = AV | ||
| 791 | SettlInstReqID | Y | Unique message ID | |
| 60 | TransactTime | Y | Date/Time this request message was generated | |
| Component Block - <Parties> | N |
Insert here the set of "Parties" (firm identification) fields defined in "Common Components of Application Messages" Used here for party whose instructions this message is requesting and (optionally) for settlement location Not required if database identifiers are being used to request settlement instructions. Required otherwise. |
||
| 79 | AllocAccount | N | Should not be populated if StandInstDbType is populated | |
| 661 | AllocAcctIDSource | N |
Required if AllocAccount populated Should not be populated if StandInstDbType is populated |
|
| 54 | Side | N | Should not be populated if StandInstDbType is populated | |
| 460 | Product | N | Should not be populated if StandInstDbType is populated | |
| 167 | SecurityType | N | Should not be populated if StandInstDbType is populated | |
| 461 | CFICode | N | Should not be populated if StandInstDbType is populated | |
| 2891 | UPICode | N |
Should not be populated if StandInstDbType is populated |
|
| 120 | SettlCurrency | N | Should not be populated if StandInstDbType is populated | |
| 2899 | SettlCurrencyCodeSource | N | ||
| 168 | EffectiveTime | N | Should not be populated if StandInstDbType is populated | |
| 126 | ExpireTime | N | Should not be populated if StandInstDbType is populated | |
| 779 | LastUpdateTime | N | Should not be populated if StandInstDbType is populated | |
| 169 | StandInstDbType | N | Should not be populated if any of AllocAccount through to LastUpdateTime are populated | |
| 170 | StandInstDbName | N | Should not be populated if any of AllocAccount through to LastUpdateTime are populated | |
| 171 | StandInstDbID | N |
The identifier of the standing instructions within the database specified in StandInstDbType Required if StandInstDbType populated Should not be populated if any of AllocAccount through to LastUpdateTime are populated |
|
| Component Block - <StandardTrailer> | Y | |||