MarginCallResponseV04

colr.004.001.04

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:

• fully accept the MarginCallRequest
• or partially accept the MarginCallRequest.

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

• fully accept the recall of collateral
• or partially accept the recall of collateral.

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
%% MarginCallResponseV04 recursion level 0 with max 0
class MarginCallResponseV04{
    TransactionIdentification IsoMax35Text
}
MarginCallResponseV04 *-- "1..1" Obligation4 : Obligation
MarginCallResponseV04 *-- "0..1" Agreement4 : Agreement
MarginCallResponseV04 *-- "0..1" MarginCall1 : MarginDetailsDueToA
MarginCallResponseV04 *-- "0..1" MarginCall1 : MarginDetailsDueToB
MarginCallResponseV04 *-- "0..1" IAgreedAmount1Choice : AgreedAmountDueToA
MarginCallResponseV04 *-- "0..1" IAgreedAmount1Choice : AgreedAmountDueToB
MarginCallResponseV04 *-- "0..1" Response1 : ResponseDetails
MarginCallResponseV04 *-- "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
%% Obligation4 recursion level 0 with max 1
class Obligation4{
    ExposureType ExposureType5Code
}
Obligation4 *-- "1..1" IPartyIdentification100Choice : PartyA
Obligation4 *-- "0..1" IPartyIdentification100Choice : ServicingPartyA
Obligation4 *-- "1..1" IPartyIdentification100Choice : PartyB
Obligation4 *-- "0..1" IPartyIdentification100Choice : ServicingPartyB
Obligation4 *-- "0..1" CollateralAccount2 : CollateralAccountIdentification
Obligation4 *-- "1..1" IDateAndDateTimeChoice : ValuationDate
%% IPartyIdentification100Choice recursion level 1 with max 1
%% IPartyIdentification100Choice recursion level 1 with max 1
%% IPartyIdentification100Choice recursion level 1 with max 1
%% IPartyIdentification100Choice recursion level 1 with max 1
%% CollateralAccount2 recursion level 1 with max 1
class CollateralAccount2{
    Identification IsoMax35Text
    Name IsoMax70Text
}
CollateralAccount2 *-- "0..1" ICollateralAccountIdentificationType2Choice : Type
%% IDateAndDateTimeChoice recursion level 1 with max 1
  

Obligation4 members

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

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

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

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

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

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

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 MarginCallResponseV04 implementation follows a specific implementaiton pattern. First of all, MarginCallResponseV04 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, MarginCallResponseV04Document implements IOuterDocument. Because MarginCallResponseV04 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type MarginCallResponseV04.

classDiagram
    class IOuterRecord
    MarginCallResponseV04 --|> IOuterRecord : Implements
    MarginCallResponseV04Document --|> IOuterDocument~MarginCallResponseV04~ : Implements
    class IOuterDocument~MarginCallResponseV04~ {
        MarginCallResponseV04 Message
     }
  

Document wrapper for serialization

The only real purpose MarginCallResponseV04Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:colr.004.001.04’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using MarginCallResponseV04.ToDocument() method. The returned MarginCallResponseV04Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    MarginCallResponseV04Document *-- MarginCallResponseV04 : 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.004.001.04">
    <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="_CRyfw4FsEeWtPe6Crjmeug"
  nextVersions="_J4YkLygrEeyB747fKu7_rw"
  previousVersion="_M-jCEVnMEeSPgY23yCMQSQ"
  name="MarginCallResponseV04"
  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="_J0aB9KV_EeW0_oPI5GRpwg"
  xmlTag="MrgnCallRspn"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <messageBuildingBlock
    xmi:id="_CRyfxYFsEeWtPe6Crjmeug"
    nextVersions="_J4YkNSgrEeyB747fKu7_rw"
    previousVersion="_M-jCE1nMEeSPgY23yCMQSQ"
    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="_CRyfx4FsEeWtPe6Crjmeug"
    nextVersions="_J4YkNygrEeyB747fKu7_rw"
    previousVersion="_M-jCFVnMEeSPgY23yCMQSQ"
    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="_wtu2IYFvEeWtPe6Crjmeug" />
  <messageBuildingBlock
    xmi:id="_CRyfyYFsEeWtPe6Crjmeug"
    nextVersions="_J4YkOSgrEeyB747fKu7_rw"
    previousVersion="_M-jCF1nMEeSPgY23yCMQSQ"
    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="_CRyfy4FsEeWtPe6Crjmeug"
    nextVersions="_J4YkOygrEeyB747fKu7_rw"
    previousVersion="_M-jCGVnMEeSPgY23yCMQSQ"
    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="_CRyfzYFsEeWtPe6Crjmeug"
    nextVersions="_J4YkPSgrEeyB747fKu7_rw"
    previousVersion="_M-jCG1nMEeSPgY23yCMQSQ"
    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="_CRyfz4FsEeWtPe6Crjmeug"
    nextVersions="_J4YkPygrEeyB747fKu7_rw"
    previousVersion="_M-jCHVnMEeSPgY23yCMQSQ"
    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="_CRyf0YFsEeWtPe6Crjmeug"
    nextVersions="_J4YkQSgrEeyB747fKu7_rw"
    previousVersion="_M-jCH1nMEeSPgY23yCMQSQ"
    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="_CRyf04FsEeWtPe6Crjmeug"
    nextVersions="_J4YkQygrEeyB747fKu7_rw"
    previousVersion="_M-jCIVnMEeSPgY23yCMQSQ"
    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="_CRyf1YFsEeWtPe6Crjmeug"
    nextVersions="_J4YkRSgrEeyB747fKu7_rw"
    previousVersion="_M-jCI1nMEeSPgY23yCMQSQ"
    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="04" />
</messageDefinition>

ISO Building Blocks

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