NettingCutOffReferenceDataUpdateRequestV01

reda.060.001.01

The Netting Cut Off Reference Data Update Request message is sent to a central system by a participant to request an update to a participant’s netting cut off held at the central system.

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
%% NettingCutOffReferenceDataUpdateRequestV01 recursion level 0 with max 0
NettingCutOffReferenceDataUpdateRequestV01 *-- "1..1" RequestData1 : RequestData
NettingCutOffReferenceDataUpdateRequestV01 *-- "1..1" NettingCutOff1 : NettingCutOffRequest
NettingCutOffReferenceDataUpdateRequestV01 *-- "0..1" SupplementaryData1 : SupplementaryData
  

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

RequestData building block

Specifies the meta data for the netting cut off update request. Contains the meta data for a netting cut off update request: message identification, request servicer and a request type. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% RequestData1 recursion level 0 with max 1
class RequestData1{
    MessageIdentification IsoMax35Text
    RequestType IsoMax4Text
    RequestedActivationDate IsoISODate
    NetServiceType IsoMax35Text
}
RequestData1 *-- "0..1" IPartyIdentification73Choice : RequestServicer
RequestData1 *-- "1..1" IPartyIdentification73Choice : NetServiceParticipantIdentification
%% IPartyIdentification73Choice recursion level 1 with max 1
%% IPartyIdentification73Choice recursion level 1 with max 1
  

RequestData1 members

NettingCutOffRequest building block

Specifies the information regarding the changes to the netting cut off. Provides the details for one to many netting cut off update requests to be actioned by a central system. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% NettingCutOff1 recursion level 0 with max 1
NettingCutOff1 *-- "1..1" INettingIdentification1Choice : NettingIdentification
NettingCutOff1 *-- "1..0" CutOff1 : NewCutOff
%% INettingIdentification1Choice recursion level 1 with max 1
%% CutOff1 recursion level 1 with max 1
class CutOff1{
    CutOffUpdateIdentification IsoMax35Text
    Currency ActiveCurrencyCode
    CutOffTime IsoISOTime
    ValueDateOffset IsoDateOffsetText
}
  

NettingCutOff1 members

SupplementaryData building block

Additional information that cannot be captured in the structured elements 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 NettingCutOffReferenceDataUpdateRequestV01 implementation follows a specific implementaiton pattern. First of all, NettingCutOffReferenceDataUpdateRequestV01 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, NettingCutOffReferenceDataUpdateRequestV01Document implements IOuterDocument. Because NettingCutOffReferenceDataUpdateRequestV01 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type NettingCutOffReferenceDataUpdateRequestV01.

classDiagram
    class IOuterRecord
    NettingCutOffReferenceDataUpdateRequestV01 --|> IOuterRecord : Implements
    NettingCutOffReferenceDataUpdateRequestV01Document --|> IOuterDocument~NettingCutOffReferenceDataUpdateRequestV01~ : Implements
    class IOuterDocument~NettingCutOffReferenceDataUpdateRequestV01~ {
        NettingCutOffReferenceDataUpdateRequestV01 Message
     }
  

Document wrapper for serialization

The only real purpose NettingCutOffReferenceDataUpdateRequestV01Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:reda.060.001.01’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using NettingCutOffReferenceDataUpdateRequestV01.ToDocument() method. The returned NettingCutOffReferenceDataUpdateRequestV01Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    NettingCutOffReferenceDataUpdateRequestV01Document *-- NettingCutOffReferenceDataUpdateRequestV01 : 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:reda.060.001.01">
    <NetgCutOffRefDataUpdReq>
        <ReqData>
            <!-- RequestData inner content -->
        </ReqData>
        <NetgCutOffReq>
            <!-- NettingCutOffRequest inner content -->
        </NetgCutOffReq>
        <SplmtryData>
            <!-- SupplementaryData inner content -->
        </SplmtryData>
    </NetgCutOffRefDataUpdReq>
</Document>

Data from ISO specification

This is the technical data from the specification document.

<messageDefinition
  xmi:id="_CYWUEJVFEeaYkf5FCqYMeA"
  nextVersions="_mJe8bQM-Ee2nqoJcXIhTdw"
  name="NettingCutOffReferenceDataUpdateRequestV01"
  definition="The Netting Cut Off Reference Data Update Request message is sent to a central system by a participant to request an update to a participant's netting cut off held at the central system."
  registrationStatus="Registered"
  messageSet="_nB3wITJaEeOX98kTVpuqCw"
  xmlTag="NetgCutOffRefDataUpdReq"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <messageBuildingBlock
    xmi:id="_5WY5cJVGEeaYkf5FCqYMeA"
    nextVersions="_mJe8bwM-Ee2nqoJcXIhTdw"
    name="RequestData"
    definition="Specifies the meta data for the netting cut off update request."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="ReqData"
    complexType="_vL8UIJVFEeaYkf5FCqYMeA" />
  <messageBuildingBlock
    xmi:id="_-cihoJVLEeaYkf5FCqYMeA"
    nextVersions="_mJe8cQM-Ee2nqoJcXIhTdw"
    name="NettingCutOffRequest"
    definition="Specifies the information regarding the changes to the netting cut off."
    registrationStatus="Provisionally Registered"
    minOccurs="1"
    xmlTag="NetgCutOffReq"
    complexType="_3VEsgJVHEeaYkf5FCqYMeA" />
  <messageBuildingBlock
    xmi:id="_Yna6IJVMEeaYkf5FCqYMeA"
    nextVersions="_mJe8cwM-Ee2nqoJcXIhTdw"
    name="SupplementaryData"
    definition="Additional information that cannot be captured in the structured elements and/or any other specific block."
    registrationStatus="Provisionally Registered"
    minOccurs="0"
    xmlTag="SplmtryData"
    complexType="_Qn0zC9p-Ed-ak6NoX_4Aeg_468227563" />
  <messageDefinitionIdentifier
    businessArea="reda"
    messageFunctionality="060"
    flavour="001"
    version="01" />
</messageDefinition>

ISO Building Blocks

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