CollateralManagementCancellationRequestV05

colr.005.001.05

Scope The CollateralManagementCancellationRequest message is sent by:

• the collateral taker or its collateral manager to the collateral giver or its collateral manager,
• the collateral giver or its collateral manager to the collateral taker or its collateral manager This message is used to request the cancellation of a previously sent MarginCallRequest message, MarginCallResponse message, CollateralProposal message, CollateralProposalResponse message, MarginCallDisputeNotification message or a CollateralSubstitutionRequest message. The message definition is intended for use with the ISO20022 Business Application Header. Usage The CollateralManagementCancellationRequest message is used to request the cancellation of a collateral message. When requesting the cancellation of a message there must be a cancellation reason specified. When the CollateralManagementCancellationRequest message is used to cancel a collateral message the reference of the original message must be specified. The rejection or acceptance of a CollateralManagementCancellationRequest message is made using a CollateralManagementCancellationStatus message.

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
%% CollateralManagementCancellationRequestV05 recursion level 0 with max 0
CollateralManagementCancellationRequestV05 *-- "1..1" IReference3Choice : Reference
CollateralManagementCancellationRequestV05 *-- "1..1" Obligation7 : Obligation
CollateralManagementCancellationRequestV05 *-- "1..1" CollateralCancellationReason1 : CancellationReason
CollateralManagementCancellationRequestV05 *-- "0..1" SupplementaryData1 : SupplementaryData
  

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

Reference building block

Reference to the message advised to be cancelled. Identification of the message to be cancelled. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% IReference3Choice recursion level 0 with max 1
  

Reference3Choice members

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. General information about the collateral agreement. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% Obligation7 recursion level 0 with max 1
class Obligation7{
    ExposureType ExposureType5Code
    CollateralSide CollateralRole1Code
}
Obligation7 *-- "1..1" IPartyIdentification178Choice : PartyA
Obligation7 *-- "0..1" IPartyIdentification178Choice : ServicingPartyA
Obligation7 *-- "1..1" IPartyIdentification178Choice : PartyB
Obligation7 *-- "0..1" IPartyIdentification178Choice : ServicingPartyB
Obligation7 *-- "0..1" CollateralAccount3 : CollateralAccountIdentification
Obligation7 *-- "0..1" ICollateralTransactionType1Choice : CollateralTransactionType
Obligation7 *-- "0..1" AmountAndDirection20 : ExposureAmount
Obligation7 *-- "0..1" IDateAndDateTime2Choice : ValuationDate
Obligation7 *-- "0..1" IClosingDate4Choice : ClosingDate
Obligation7 *-- "0..1" IDateAndDateTime2Choice : RequestedExecutionDate
%% 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
%% ICollateralTransactionType1Choice recursion level 1 with max 1
%% AmountAndDirection20 recursion level 1 with max 1
class AmountAndDirection20{
    Amount IsoActiveOrHistoricCurrencyAndAmount
    CreditDebitIndicator CreditDebitCode
}
%% IDateAndDateTime2Choice recursion level 1 with max 1
%% IClosingDate4Choice recursion level 1 with max 1
%% IDateAndDateTime2Choice recursion level 1 with max 1
  

Obligation7 members

CancellationReason building block

It is used to detail the reason for the cancellation of a previously sent request. Reason for which the collateral message has been cancelled. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% CollateralCancellationReason1 recursion level 0 with max 1
class CollateralCancellationReason1{
    AdditionalInformation IsoMax35Text
}
CollateralCancellationReason1 *-- "1..1" ICollateralCancellationType1Choice : CancellationReasonCode
%% ICollateralCancellationType1Choice recursion level 1 with max 1
  

CollateralCancellationReason1 members

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

Extensibility and generalization considerations

To facilitate generalized design patterns in the system, the CollateralManagementCancellationRequestV05 implementation follows a specific implementaiton pattern. First of all, CollateralManagementCancellationRequestV05 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, CollateralManagementCancellationRequestV05Document implements IOuterDocument. Because CollateralManagementCancellationRequestV05 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type CollateralManagementCancellationRequestV05.

classDiagram
    class IOuterRecord
    CollateralManagementCancellationRequestV05 --|> IOuterRecord : Implements
    CollateralManagementCancellationRequestV05Document --|> IOuterDocument~CollateralManagementCancellationRequestV05~ : Implements
    class IOuterDocument~CollateralManagementCancellationRequestV05~ {
        CollateralManagementCancellationRequestV05 Message
     }
  

Document wrapper for serialization

The only real purpose CollateralManagementCancellationRequestV05Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:colr.005.001.05’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using CollateralManagementCancellationRequestV05.ToDocument() method. The returned CollateralManagementCancellationRequestV05Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    CollateralManagementCancellationRequestV05Document *-- CollateralManagementCancellationRequestV05 : 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.005.001.05">
    <CollMgmtCxlReq>
        <Ref>
            <!-- Reference inner content -->
        </Ref>
        <Oblgtn>
            <!-- Obligation inner content -->
        </Oblgtn>
        <CxlRsn>
            <!-- CancellationReason inner content -->
        </CxlRsn>
        <SplmtryData>
            <!-- SupplementaryData inner content -->
        </SplmtryData>
    </CollMgmtCxlReq>
</Document>

Data from ISO specification

This is the technical data from the specification document.

<messageDefinition
  xmi:id="_sKvngQFmEeutW5-TpeYJhA"
  nextVersions="_yXxLsSW0EeyT3chuyX0PgA"
  previousVersion="_Z6K7cYFrEeWtPe6Crjmeug"
  name="CollateralManagementCancellationRequestV05"
  definition="Scope&#xD;&#xA;The CollateralManagementCancellationRequest message is sent by:&#xD;&#xA;- the collateral taker or its collateral manager to the collateral giver or its collateral manager,&#xD;&#xA;- the collateral giver or its collateral manager to the collateral taker or its collateral manager&#xD;&#xA;This message is used to request the cancellation of a previously sent MarginCallRequest message, MarginCallResponse message, CollateralProposal message, CollateralProposalResponse message, MarginCallDisputeNotification message or a CollateralSubstitutionRequest message.&#xD;&#xA;The message definition is intended for use with the ISO20022 Business Application Header.&#xD;&#xA;Usage&#xD;&#xA;The CollateralManagementCancellationRequest message is used to request the cancellation of a collateral message. When requesting the cancellation of a message there must be a cancellation reason specified.&#xD;&#xA;When the CollateralManagementCancellationRequest message is used to cancel a collateral message the reference of the original message must be specified. The rejection or acceptance of a CollateralManagementCancellationRequest message is made using a CollateralManagementCancellationStatus message."
  registrationStatus="Registered"
  messageSet="_J0aB9KV_EeW0_oPI5GRpwg"
  xmlTag="CollMgmtCxlReq"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <messageBuildingBlock
    xmi:id="_sKvniQFmEeutW5-TpeYJhA"
    nextVersions="_yXxLuyW0EeyT3chuyX0PgA"
    previousVersion="_Z6K7dYFrEeWtPe6Crjmeug"
    name="Reference"
    definition="Reference to the message advised to be cancelled."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="Ref"
    complexType="_d0qV3ALyEeutW5-TpeYJhA" />
  <messageBuildingBlock
    xmi:id="_sKvniwFmEeutW5-TpeYJhA"
    nextVersions="_yXxLvSW0EeyT3chuyX0PgA"
    previousVersion="_Z6K7d4FrEeWtPe6Crjmeug"
    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="_Ar7UOAM2EeutW5-TpeYJhA" />
  <messageBuildingBlock
    xmi:id="_sKvnjQFmEeutW5-TpeYJhA"
    nextVersions="_yXxLvyW0EeyT3chuyX0PgA"
    previousVersion="_Z6K7eYFrEeWtPe6Crjmeug"
    name="CancellationReason"
    definition="It is used to detail the reason for the cancellation of a previously sent request."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="CxlRsn"
    complexType="_UnhiwNp-Ed-ak6NoX_4Aeg_-540863751" />
  <messageBuildingBlock
    xmi:id="_sKvnjwFmEeutW5-TpeYJhA"
    nextVersions="_yXxLwSW0EeyT3chuyX0PgA"
    previousVersion="_Z6K7e4FrEeWtPe6Crjmeug"
    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="005"
    flavour="001"
    version="05" />
</messageDefinition>

ISO Building Blocks

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