Iso20022

MarginCallResponseV05

colr.004.001.05

Scope The MarginCallResponse message is sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager or vice versa. This is a response to the MarginCallRequest message. The margin call can be accepted, fully disputed or partially disputed.

The message definition is intended for use with the ISO20022 Business Application Header.

Usage When sent by the collateral giver the MarginCallResponse message is used to:

When sent by the collateral taker the MarginCallResponse message is used to:

Message Construction

Every ISO20022 message has at the highest level what we call ‘building blocks’. Because the message is constructed as immutable records, the association is by composition. Below you can see the relationship between the message and its constituent building blocks: For comparison, see the ISO20022 official specification

classDiagram
     direction LR
%% MarginCallResponseV05 recursion level 0 with max 0
class MarginCallResponseV05{
    TransactionIdentification IsoMax35Text
}
MarginCallResponseV05 *-- "1..1" Obligation9 : Obligation
MarginCallResponseV05 *-- "0..1" Agreement4 : Agreement
MarginCallResponseV05 *-- "0..1" MarginCall1 : MarginDetailsDueToA
MarginCallResponseV05 *-- "0..1" MarginCall1 : MarginDetailsDueToB
MarginCallResponseV05 *-- "0..1" IAgreedAmount1Choice : AgreedAmountDueToA
MarginCallResponseV05 *-- "0..1" IAgreedAmount1Choice : AgreedAmountDueToB
MarginCallResponseV05 *-- "0..1" Response1 : ResponseDetails
MarginCallResponseV05 *-- "0..1" SupplementaryData1 : SupplementaryData

Now, we will zero-in one-by-one on each of these building blocks.

TransactionIdentification building block

Unambiguous identification of the transaction as know by the instructing party. Specifies a character string with a maximum length of 35 characters. For comparison, see the ISO20022 official specification This message is declared as Max35Text in the ISO specification. In our implementation, it is represented in source code as IsoMax35Text. Due to global using directives, it is treated as a System.String by the compiler and runtime.

Obligation building block

Provides information like the identification of the party or parties associated with the collateral agreement, the exposure type and the valuation date. Provides information like the identification of the party or parties associated with the collateral agreement, the exposure type and the valuation date. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% Obligation9 recursion level 0 with max 1
class Obligation9{
    ExposureType ExposureType11Code
}
Obligation9 *-- "1..1" IPartyIdentification178Choice : PartyA
Obligation9 *-- "0..1" IPartyIdentification178Choice : ServicingPartyA
Obligation9 *-- "1..1" IPartyIdentification178Choice : PartyB
Obligation9 *-- "0..1" IPartyIdentification178Choice : ServicingPartyB
Obligation9 *-- "0..1" CollateralAccount3 : CollateralAccountIdentification
Obligation9 *-- "0..1" BlockChainAddressWallet5 : BlockChainAddressOrWallet
Obligation9 *-- "1..1" IDateAndDateTime2Choice : ValuationDate
%% IPartyIdentification178Choice recursion level 1 with max 1
%% IPartyIdentification178Choice recursion level 1 with max 1
%% IPartyIdentification178Choice recursion level 1 with max 1
%% IPartyIdentification178Choice recursion level 1 with max 1
%% CollateralAccount3 recursion level 1 with max 1
class CollateralAccount3{
    Identification IsoMax35Text
    Name IsoMax70Text
}
CollateralAccount3 *-- "0..1" ICollateralAccountIdentificationType3Choice : Type
%% BlockChainAddressWallet5 recursion level 1 with max 1
class BlockChainAddressWallet5{
    Identification IsoMax140Text
    Name IsoMax70Text
}
BlockChainAddressWallet5 *-- "0..1" ICollateralAccountIdentificationType3Choice : Type
%% IDateAndDateTime2Choice recursion level 1 with max 1

Obligation9 members

Member name Description Data Type / Multiplicity
PartyA Defines one of the entities associated with the collateral agreement. IPartyIdentification178Choice - Required 1..1
ServicingPartyA Specifies the party that is acting on behalf of party A and that offers collateral management services. IPartyIdentification178Choice - Optional 0..1
PartyB Defines the other entity associated with the collateral agreement. IPartyIdentification178Choice - Required 1..1
ServicingPartyB Specifies the party that is acting on behalf of party B and that offers collateral management services. IPartyIdentification178Choice - Optional 0..1
CollateralAccountIdentification Provides additional information on the collateral account of the party delivering/receiving the collateral. CollateralAccount3 - Optional 0..1
BlockChainAddressOrWallet Blockchain address or wallet where digital assets are maintained. This is the equivalent of collateral account for digital assets. BlockChainAddressWallet5 - Optional 0..1
ExposureType Specifies the underlying business area or type of trade causing the collateral movement. ExposureType11Code - Optional 0..1
ValuationDate Indicates the close of business date on which the initiating party is valuing the margin call. IDateAndDateTime2Choice - Required 1..1

Agreement building block

Agreement details for the over the counter market. Agreement details for the over the counter market. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% Agreement4 recursion level 0 with max 1
class Agreement4{
    AgreementDetails IsoMax140Text
    AgreementIdentification IsoMax140Text
    AgreementDate IsoISODate
    BaseCurrency ActiveCurrencyCode
}
Agreement4 *-- "0..1" IAgreementFramework1Choice : AgreementFramework
%% IAgreementFramework1Choice recursion level 1 with max 1

Agreement4 members

Member name Description Data Type / Multiplicity
AgreementDetails Full details of the supporting legal agreement under which the margin call can be issued and/or governed. IsoMax140Text - Required 1..1
AgreementIdentification Common reference to the agreement between the two counterparties. IsoMax140Text - Optional 0..1
AgreementDate Date on which the collateral agreement was signed. IsoISODate - Required 1..1
BaseCurrency Denomination currency as specified in the collateral agreement. ActiveCurrencyCode - Required 1..1
AgreementFramework Specifies the underlying master agreement. IAgreementFramework1Choice - Optional 0..1

MarginDetailsDueToA building block

Provides details about the margin calculation that would be due to party A. Details of the margin call request. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% MarginCall1 recursion level 0 with max 1
class MarginCall1{
    ExposedAmountPartyA IsoActiveCurrencyAndAmount
    ExposedAmountPartyB IsoActiveCurrencyAndAmount
    ExposureConvention ExposureConventionType1Code
}
MarginCall1 *-- "0..1" AggregatedIndependentAmount1 : IndependentAmountPartyA
MarginCall1 *-- "0..1" AggregatedIndependentAmount1 : IndependentAmountPartyB
MarginCall1 *-- "0..1" IMarginTerms1Choice : MarginTerms
MarginCall1 *-- "0..1" ICollateralBalance1Choice : CollateralBalance
%% AggregatedIndependentAmount1 recursion level 1 with max 1
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : Trade
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : ValueAtRisk
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : NetOpenPosition
AggregatedIndependentAmount1 *-- "0..0" IndependentAmount2 : OtherAmount
%% AggregatedIndependentAmount1 recursion level 1 with max 1
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : Trade
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : ValueAtRisk
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : NetOpenPosition
AggregatedIndependentAmount1 *-- "0..0" IndependentAmount2 : OtherAmount
%% IMarginTerms1Choice recursion level 1 with max 1
%% ICollateralBalance1Choice recursion level 1 with max 1

MarginCall1 members

Member name Description Data Type / Multiplicity
ExposedAmountPartyA Sum of the exposures of all transactions which are in the favour of party A. That is, all transactions which would have an amount payable by party B to party A if they were being terminated. IsoActiveCurrencyAndAmount - Optional 0..1
ExposedAmountPartyB Sum of the exposures of all transactions which are in the favour of party B. That is, all transactions which would have an amount payable by party A to party B if they were being terminated. IsoActiveCurrencyAndAmount - Optional 0..1
ExposureConvention Determines how the variation margin requirement is to be calculated: - either Net, in which the exposure of all transactions in favour of party A and the the exposure of all transactions in favour of party B will be netted together or - gross in which two separate variation margin requirements will be determined. ExposureConventionType1Code - Optional 0..1
IndependentAmountPartyA Amount applied as an add-on to the exposure (to party A) usually intended to cover a possible increase in exposure before the next valuation date. AggregatedIndependentAmount1 - Optional 0..1
IndependentAmountPartyB An amount applied as an add-on to the exposure (to party B) usually intended to cover a possible increase in exposure before the next valuation date. AggregatedIndependentAmount1 - Optional 0..1
MarginTerms Provides information like threshold amount, threshold type, minimum transfer amount, rouding amount or rounding convention, that applies to either the variation margin or the segregated independent amount. IMarginTerms1Choice - Optional 0..1
CollateralBalance Provides details about the collateral held, in transit or that still needs to be agreed by both parties with a segregation between variation margin and segregated independent amount. ICollateralBalance1Choice - Optional 0..1

MarginDetailsDueToB building block

Provides details about the margin calculation that would be due to party B. Details of the margin call request. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% MarginCall1 recursion level 0 with max 1
class MarginCall1{
    ExposedAmountPartyA IsoActiveCurrencyAndAmount
    ExposedAmountPartyB IsoActiveCurrencyAndAmount
    ExposureConvention ExposureConventionType1Code
}
MarginCall1 *-- "0..1" AggregatedIndependentAmount1 : IndependentAmountPartyA
MarginCall1 *-- "0..1" AggregatedIndependentAmount1 : IndependentAmountPartyB
MarginCall1 *-- "0..1" IMarginTerms1Choice : MarginTerms
MarginCall1 *-- "0..1" ICollateralBalance1Choice : CollateralBalance
%% AggregatedIndependentAmount1 recursion level 1 with max 1
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : Trade
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : ValueAtRisk
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : NetOpenPosition
AggregatedIndependentAmount1 *-- "0..0" IndependentAmount2 : OtherAmount
%% AggregatedIndependentAmount1 recursion level 1 with max 1
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : Trade
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : ValueAtRisk
AggregatedIndependentAmount1 *-- "0..1" IndependentAmount1 : NetOpenPosition
AggregatedIndependentAmount1 *-- "0..0" IndependentAmount2 : OtherAmount
%% IMarginTerms1Choice recursion level 1 with max 1
%% ICollateralBalance1Choice recursion level 1 with max 1

MarginCall1 members

Member name Description Data Type / Multiplicity
ExposedAmountPartyA Sum of the exposures of all transactions which are in the favour of party A. That is, all transactions which would have an amount payable by party B to party A if they were being terminated. IsoActiveCurrencyAndAmount - Optional 0..1
ExposedAmountPartyB Sum of the exposures of all transactions which are in the favour of party B. That is, all transactions which would have an amount payable by party A to party B if they were being terminated. IsoActiveCurrencyAndAmount - Optional 0..1
ExposureConvention Determines how the variation margin requirement is to be calculated: - either Net, in which the exposure of all transactions in favour of party A and the the exposure of all transactions in favour of party B will be netted together or - gross in which two separate variation margin requirements will be determined. ExposureConventionType1Code - Optional 0..1
IndependentAmountPartyA Amount applied as an add-on to the exposure (to party A) usually intended to cover a possible increase in exposure before the next valuation date. AggregatedIndependentAmount1 - Optional 0..1
IndependentAmountPartyB An amount applied as an add-on to the exposure (to party B) usually intended to cover a possible increase in exposure before the next valuation date. AggregatedIndependentAmount1 - Optional 0..1
MarginTerms Provides information like threshold amount, threshold type, minimum transfer amount, rouding amount or rounding convention, that applies to either the variation margin or the segregated independent amount. IMarginTerms1Choice - Optional 0..1
CollateralBalance Provides details about the collateral held, in transit or that still needs to be agreed by both parties with a segregation between variation margin and segregated independent amount. ICollateralBalance1Choice - Optional 0..1

AgreedAmountDueToA building block

Provides details about the agreed amount that would be due to party A. Provides details about the agreed amount for the variation margin and the segregated independent amount, or the segregated independent amount only. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% IAgreedAmount1Choice recursion level 0 with max 1

AgreedAmount1Choice members

Member name Description Data Type / Multiplicity

AgreedAmountDueToB building block

Provides details about the agreed amount that would be due to party B. Provides details about the agreed amount for the variation margin and the segregated independent amount, or the segregated independent amount only. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% IAgreedAmount1Choice recursion level 0 with max 1

AgreedAmount1Choice members

Member name Description Data Type / Multiplicity

ResponseDetails building block

Provides response details about the margin call. Provides details on the margin call, that is a description and a response type. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% Response1 recursion level 0 with max 1
class Response1{
    Description IsoMax140Text
}
Response1 *-- "1..0" IResponseType1Choice : ResponseTypeDetails
%% IResponseType1Choice recursion level 1 with max 1

Response1 members

Member name Description Data Type / Multiplicity
ResponseTypeDetails Provides details about the response type. IResponseType1Choice - Unknown 1..0
Description Provides additional details related to the margin call response. IsoMax140Text - Optional 0..1

SupplementaryData building block

Additional information that can not be captured in the structured fields and/or any other specific block. Additional information that can not be captured in the structured fields and/or any other specific block. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% SupplementaryData1 recursion level 0 with max 1
class SupplementaryData1{
    PlaceAndName IsoMax350Text
}
SupplementaryData1 *-- "1..1" IsoSupplementaryDataEnvelope1 : Envelope
%% IsoSupplementaryDataEnvelope1 recursion level 1 with max 1

SupplementaryData1 members

Member name Description Data Type / Multiplicity
PlaceAndName Unambiguous reference to the location where the supplementary data must be inserted in the message instance. In the case of XML, this is expressed by a valid XPath. IsoMax350Text - Optional 0..1
Envelope Technical element wrapping the supplementary data. IsoSupplementaryDataEnvelope1 - Required 1..1

Extensibility and generalization considerations

To facilitate generalized design patterns in the system, the MarginCallResponseV05 implementation follows a specific implementaiton pattern. First of all, MarginCallResponseV05 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, MarginCallResponseV05Document implements IOuterDocument. Because MarginCallResponseV05 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type MarginCallResponseV05.

classDiagram
    class IOuterRecord
    MarginCallResponseV05 --|> IOuterRecord : Implements
    MarginCallResponseV05Document --|> IOuterDocument~MarginCallResponseV05~ : Implements
    class IOuterDocument~MarginCallResponseV05~ {
        MarginCallResponseV05 Message
     }

Document wrapper for serialization

The only real purpose MarginCallResponseV05Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:colr.004.001.05’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using MarginCallResponseV05.ToDocument() method. The returned MarginCallResponseV05Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    MarginCallResponseV05Document *-- MarginCallResponseV05 : Document

Sample of message format

This is an abbreviated version of what the message should look like.

<Document xmlns="urn:iso:std:iso:20022:tech:xsd:colr.004.001.05">
    <MrgnCallRspn>
        <TxId>
            <!-- TransactionIdentification inner content -->
        </TxId>
        <Oblgtn>
            <!-- Obligation inner content -->
        </Oblgtn>
        <Agrmt>
            <!-- Agreement inner content -->
        </Agrmt>
        <MrgnDtlsDueToA>
            <!-- MarginDetailsDueToA inner content -->
        </MrgnDtlsDueToA>
        <MrgnDtlsDueToB>
            <!-- MarginDetailsDueToB inner content -->
        </MrgnDtlsDueToB>
        <AgrdAmtDueToA>
            <!-- AgreedAmountDueToA inner content -->
        </AgrdAmtDueToA>
        <AgrdAmtDueToB>
            <!-- AgreedAmountDueToB inner content -->
        </AgrdAmtDueToB>
        <RspnDtls>
            <!-- ResponseDetails inner content -->
        </RspnDtls>
        <SplmtryData>
            <!-- SupplementaryData inner content -->
        </SplmtryData>
    </MrgnCallRspn>
</Document>

Data from ISO specification

This is the technical data from the specification document.

<messageDefinition
  xmi:id="_J4YkLygrEeyB747fKu7_rw"
  previousVersion="_CRyfw4FsEeWtPe6Crjmeug"
  name="MarginCallResponseV05"
  definition="Scope&#xD;&#xA;The MarginCallResponse message is sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager or vice versa. This is a response to the MarginCallRequest message. The margin call can be accepted, fully disputed or partially disputed.&#xD;&#xA;&#xD;&#xA;The message definition is intended for use with the ISO20022 Business Application Header.&#xD;&#xA;&#xD;&#xA;Usage&#xD;&#xA;When sent by the collateral giver the MarginCallResponse message is used to:&#xD;&#xA;- fully accept the MarginCallRequest&#xD;&#xA;- or partially accept the MarginCallRequest.&#xD;&#xA;&#xD;&#xA;When sent by the collateral taker the MarginCallResponse message is used to:&#xD;&#xA;- fully accept the recall of collateral&#xD;&#xA;- or partially accept the recall of collateral."
  registrationStatus="Registered"
  messageSet="_L9Kq4XoIEeSUmamj3OpPWw"
  xmlTag="MrgnCallRspn"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <messageBuildingBlock
    xmi:id="_J4YkNSgrEeyB747fKu7_rw"
    previousVersion="_CRyfxYFsEeWtPe6Crjmeug"
    name="TransactionIdentification"
    definition="Unambiguous identification of the transaction as know by the instructing party."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="TxId"
    simpleType="_YW1tKdp-Ed-ak6NoX_4Aeg_1913463446" />
  <messageBuildingBlock
    xmi:id="_J4YkNygrEeyB747fKu7_rw"
    previousVersion="_CRyfx4FsEeWtPe6Crjmeug"
    name="Obligation"
    definition="Provides information like the identification of the party or parties associated with the collateral agreement, the exposure type and the valuation date."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="Oblgtn"
    complexType="_wc_c4SgsEeyB747fKu7_rw" />
  <messageBuildingBlock
    xmi:id="_J4YkOSgrEeyB747fKu7_rw"
    previousVersion="_CRyfyYFsEeWtPe6Crjmeug"
    name="Agreement"
    definition="Agreement details for the over the counter market."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="Agrmt"
    complexType="_6T7_AYbEEeWguotXa4lFgg" />
  <messageBuildingBlock
    xmi:id="_J4YkOygrEeyB747fKu7_rw"
    previousVersion="_CRyfy4FsEeWtPe6Crjmeug"
    name="MarginDetailsDueToA"
    definition="Provides details about the margin calculation that would be due to party A."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="MrgnDtlsDueToA"
    complexType="_Uk_MJdp-Ed-ak6NoX_4Aeg_138884862" />
  <messageBuildingBlock
    xmi:id="_J4YkPSgrEeyB747fKu7_rw"
    previousVersion="_CRyfzYFsEeWtPe6Crjmeug"
    name="MarginDetailsDueToB"
    definition="Provides details about the margin calculation that would be due to party B."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="MrgnDtlsDueToB"
    complexType="_Uk_MJdp-Ed-ak6NoX_4Aeg_138884862" />
  <messageBuildingBlock
    xmi:id="_J4YkPygrEeyB747fKu7_rw"
    previousVersion="_CRyfz4FsEeWtPe6Crjmeug"
    name="AgreedAmountDueToA"
    definition="Provides details about the agreed amount that would be due to party A."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="AgrdAmtDueToA"
    complexType="_Qm7bJdp-Ed-ak6NoX_4Aeg_926398968" />
  <messageBuildingBlock
    xmi:id="_J4YkQSgrEeyB747fKu7_rw"
    previousVersion="_CRyf0YFsEeWtPe6Crjmeug"
    name="AgreedAmountDueToB"
    definition="Provides details about the agreed amount that would be due to party B."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="AgrdAmtDueToB"
    complexType="_Qm7bJdp-Ed-ak6NoX_4Aeg_926398968" />
  <messageBuildingBlock
    xmi:id="_J4YkQygrEeyB747fKu7_rw"
    previousVersion="_CRyf04FsEeWtPe6Crjmeug"
    name="ResponseDetails"
    definition="Provides response details about the margin call."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="RspnDtls"
    complexType="_QnYHEdp-Ed-ak6NoX_4Aeg_596730700" />
  <messageBuildingBlock
    xmi:id="_J4YkRSgrEeyB747fKu7_rw"
    previousVersion="_CRyf1YFsEeWtPe6Crjmeug"
    name="SupplementaryData"
    definition="Additional information that can not be captured in the structured fields and/or any other specific block."
    registrationStatus="Provisionally Registered"
    minOccurs="0"
    xmlTag="SplmtryData"
    complexType="_Qn0zC9p-Ed-ak6NoX_4Aeg_468227563" />
  <messageDefinitionIdentifier
    businessArea="colr"
    messageFunctionality="004"
    flavour="001"
    version="05" />
</messageDefinition>

ISO Building Blocks

The following items are used as building blocks to construct this message.