Iso20022

CorporateActionNarrativeV01

seev.038.001.01

Scope The CorporateActionNarrative message is sent between an account servicer and an account owner or its designated agent to cater for tax reclaims, restrictions, documentation requirements. This message is bi-directional. Usage The message may also be 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
%% CorporateActionNarrativeV01 recursion level 0 with max 0
CorporateActionNarrativeV01 *-- "1..1" DocumentIdentification11 : Identification
CorporateActionNarrativeV01 *-- "0..1" IAccountIdentification9Choice : AccountDetails
CorporateActionNarrativeV01 *-- "0..1" UnderlyingSecurity1 : UnderlyingSecurity
CorporateActionNarrativeV01 *-- "1..1" CorporateActionGeneralInformation10 : CorporateActionGeneralInformation
CorporateActionNarrativeV01 *-- "1..1" UpdatedAdditionalInformation2 : AdditionalInformation
CorporateActionNarrativeV01 *-- "0..1" IPartyIdentification10Choice : MessageOriginator
CorporateActionNarrativeV01 *-- "0..1" IPartyIdentification10Choice : MessageRecipient
CorporateActionNarrativeV01 *-- "0..1" Extension2 : Extension

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

Identification building block

Information that unambiguously identifies a CorporateActionNarrative message as know by the account servicer. Identification and creation date of a document. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% DocumentIdentification11 recursion level 0 with max 1
class DocumentIdentification11{
    Identification IsoMax35Text
    CopyDuplicate CopyDuplicate1Code
}
DocumentIdentification11 *-- "0..1" IDateAndDateTimeChoice : CreationDateTime
%% IDateAndDateTimeChoice recursion level 1 with max 1

DocumentIdentification11 members

Member name Description Data Type / Multiplicity
Identification Unique identifier of the document (message) assigned by the sender of the document. IsoMax35Text - Required 1..1
CreationDateTime Date and time at which the document (message) was created by the sender. IDateAndDateTimeChoice - Optional 0..1
CopyDuplicate Specifies if this document is a copy, a duplicate, or a duplicate of a copy. CopyDuplicate1Code - Optional 0..1

AccountDetails building block

General information about the safekeeping account and the account owner. Choice between all accounts (GENR - General in ISO 15022) or one or more selected accounts and balance information. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% IAccountIdentification9Choice recursion level 0 with max 1

AccountIdentification9Choice members

Member name Description Data Type / Multiplicity

UnderlyingSecurity building block

Provides information about the securitised right for entitlement. Securitised right for entitlement, for example, equity or bond. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% UnderlyingSecurity1 recursion level 0 with max 1
UnderlyingSecurity1 *-- "1..1" SecurityIdentification11 : SecurityIdentification
%% SecurityIdentification11 recursion level 1 with max 1
class SecurityIdentification11{
    Description IsoMax140Text
}
SecurityIdentification11 *-- "1..1" ISecurityIdentification11Choice : Identification

UnderlyingSecurity1 members

Member name Description Data Type / Multiplicity
SecurityIdentification Identifies the financial instrument. SecurityIdentification11 - Required 1..1

CorporateActionGeneralInformation building block

General information about the corporate action event. General information about the corporate action event. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% CorporateActionGeneralInformation10 recursion level 0 with max 1
class CorporateActionGeneralInformation10{
    CorporateActionEventIdentification IsoMax35Text
    OfficialCorporateActionEventIdentification IsoMax35Text
}
CorporateActionGeneralInformation10 *-- "0..1" ICorporateActionNarrative1Choice : NarrativeType
%% ICorporateActionNarrative1Choice recursion level 1 with max 1

CorporateActionGeneralInformation10 members

Member name Description Data Type / Multiplicity
CorporateActionEventIdentification Reference assigned by the account servicer to unambiguously identify a corporate action event. IsoMax35Text - Required 1..1
OfficialCorporateActionEventIdentification Official and unique reference assigned by the official central body/entity within each market at the beginning of a corporate action event. IsoMax35Text - Optional 0..1
NarrativeType Specifies the type of narrative related to the message. ICorporateActionNarrative1Choice - Optional 0..1

AdditionalInformation building block

Provides additional information. Additional information with update description and date. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% UpdatedAdditionalInformation2 recursion level 0 with max 1
class UpdatedAdditionalInformation2{
    UpdateDescription IsoMax140Text
    UpdateDate IsoISODate
    AdditionalInformation IsoMax8000Text
}

UpdatedAdditionalInformation2 members

Member name Description Data Type / Multiplicity
UpdateDescription Specifies the amendments made to the narrative since the last message. IsoMax140Text - Optional 0..1
UpdateDate Specifies the date at which the narrative has been updated. IsoISODate - Optional 0..1
AdditionalInformation Provides additional textual information. IsoMax8000Text - Unknown 1..0

MessageOriginator building block

Party that originated the message, if other than the sender. Choice of identification of a party. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% IPartyIdentification10Choice recursion level 0 with max 1

PartyIdentification10Choice members

Member name Description Data Type / Multiplicity

MessageRecipient building block

Party that is the final destination of the message, if other than the receiver. Choice of identification of a party. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% IPartyIdentification10Choice recursion level 0 with max 1

PartyIdentification10Choice members

Member name Description Data Type / Multiplicity

Extension 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
%% Extension2 recursion level 0 with max 1
class Extension2{
    PlaceAndName IsoMax350Text
}
Extension2 *-- "1..1" ExtensionEnvelope1 : ExtensionEnvelope
%% ExtensionEnvelope1 recursion level 1 with max 1
ExtensionEnvelope1 *-- "1..1" ExtensionContents1 : ExtensionContents

Extension2 members

Member name Description Data Type / Multiplicity
PlaceAndName Name qualifying the information provided in the Text field, and place where this information should be inserted. IsoMax350Text - Optional 0..1
ExtensionEnvelope Technical element wrapping the extension. ExtensionEnvelope1 - Required 1..1

Extensibility and generalization considerations

To facilitate generalized design patterns in the system, the CorporateActionNarrativeV01 implementation follows a specific implementaiton pattern. First of all, CorporateActionNarrativeV01 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, CorporateActionNarrativeV01Document implements IOuterDocument. Because CorporateActionNarrativeV01 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type CorporateActionNarrativeV01.

classDiagram
    class IOuterRecord
    CorporateActionNarrativeV01 --|> IOuterRecord : Implements
    CorporateActionNarrativeV01Document --|> IOuterDocument~CorporateActionNarrativeV01~ : Implements
    class IOuterDocument~CorporateActionNarrativeV01~ {
        CorporateActionNarrativeV01 Message
     }

Document wrapper for serialization

The only real purpose CorporateActionNarrativeV01Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:seev.038.001.01’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using CorporateActionNarrativeV01.ToDocument() method. The returned CorporateActionNarrativeV01Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    CorporateActionNarrativeV01Document *-- CorporateActionNarrativeV01 : 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:seev.038.001.01">
    <CorpActnNrrtv>
        <Id>
            <!-- Identification inner content -->
        </Id>
        <AcctDtls>
            <!-- AccountDetails inner content -->
        </AcctDtls>
        <UndrlygScty>
            <!-- UnderlyingSecurity inner content -->
        </UndrlygScty>
        <CorpActnGnlInf>
            <!-- CorporateActionGeneralInformation inner content -->
        </CorpActnGnlInf>
        <AddtlInf>
            <!-- AdditionalInformation inner content -->
        </AddtlInf>
        <MsgOrgtr>
            <!-- MessageOriginator inner content -->
        </MsgOrgtr>
        <MsgRcpt>
            <!-- MessageRecipient inner content -->
        </MsgRcpt>
        <Xtnsn>
            <!-- Extension inner content -->
        </Xtnsn>
    </CorpActnNrrtv>
</Document>

Data from ISO specification

This is the technical data from the specification document.

<messageDefinition
  xmi:id="_Tg-G0dEwEd-BzquC8wXy7w_1485422605"
  nextVersions="_4Ozz0eZ9Ed-q8fx_Zl_34A"
  name="CorporateActionNarrativeV01"
  definition="Scope&#xD;&#xA;The CorporateActionNarrative message is sent between an account servicer and an account owner or its designated agent to cater for tax reclaims, restrictions, documentation requirements. This message is bi-directional.&#xD;&#xA;Usage&#xD;&#xA;The message may also be used to:&#xD;&#xA;- re-send a message previously sent (the sub-function of the message is Duplicate),&#xD;&#xA;- provide a third party with a copy of a message for information (the sub-function of the message is Copy),&#xD;&#xA;- re-send to a third party a copy of a message for information (the sub-function of the message is Copy Duplicate).&#xA;ISO 15022 - 20022 COEXISTENCE&#xA;This ISO 20022 message is reversed engineered from ISO 15022. Both standards will coexist for a certain number of years. Until this coexistence period ends, the usage of certain data types is restricted to ensure interoperability between ISO 15022 and 20022 users. Compliance to these rules is mandatory in a coexistence environment. The coexistence restrictions are described in a Textual Rule linked to the Message Items they concern. These coexistence textual rules are clearly identified as follows: “CoexistenceXxxxRule”.&#xA;."
  registrationStatus="Registered"
  messageSet="_urpIICeJEeOCeO5e7islRQ"
  xmlTag="CorpActnNrrtv"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <constraint
    xmi:id="_ThH3yNEwEd-BzquC8wXy7w_-1198414057"
    name="CoexistenceCharacterSetXRule"
    definition="During ISO 15022 – 20022 coexistence, characters used in all text fields (except AdditionalInformation/AdditionalInformation) must correspond to ISO 15022 character set X, that is, a-z A-Z / - ? : ( ) . , ‘ + { } CR LF."
    registrationStatus="Provisionally Registered" />
  <constraint
    xmi:id="_ThRowtEwEd-BzquC8wXy7w_-2011554009"
    name="CoexistenceIdentificationRule"
    definition="During ISO 15022 – 20022 coexistence, all transaction and document identifications or references must be 16 characters or less. The field must not start or end with a slash ‘/’ or contain two consecutive slashes ‘//’."
    registrationStatus="Provisionally Registered" />
  <messageBuildingBlock
    xmi:id="_ThH3wNEwEd-BzquC8wXy7w_1605480798"
    name="Identification"
    definition="Information that unambiguously identifies a CorporateActionNarrative message as know by the account servicer."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="Id"
    complexType="_RBcz8tp-Ed-ak6NoX_4Aeg_-746423515">
    <semanticMarkup
      xmi:id="_gMt0_w5lEeO42pgjaJ50lw"
      type="Synonym">
      <elements
        xmi:id="_gMt1AA5lEeO42pgjaJ50lw"
        name="context"
        value="ISO 15022" />
      <elements
        xmi:id="_gMt1AQ5lEeO42pgjaJ50lw"
        name="value"
        value=":20C::SEME" />
    </semanticMarkup>
  </messageBuildingBlock>
  <messageBuildingBlock
    xmi:id="_ThH3wdEwEd-BzquC8wXy7w_1905626370"
    name="AccountDetails"
    definition="General information about the safekeeping account and the account owner."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="AcctDtls"
    complexType="_QSNvZdp-Ed-ak6NoX_4Aeg_-1885189248" />
  <messageBuildingBlock
    xmi:id="_ThH3wtEwEd-BzquC8wXy7w_-1863858180"
    name="UnderlyingSecurity"
    definition="Provides information about the securitised right for entitlement."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="UndrlygScty"
    complexType="_TyCFO9p-Ed-ak6NoX_4Aeg_-141135720" />
  <messageBuildingBlock
    xmi:id="_ThH3w9EwEd-BzquC8wXy7w_-1362916961"
    name="CorporateActionGeneralInformation"
    definition="General information about the corporate action event."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="CorpActnGnlInf"
    complexType="_TW6Pdtp-Ed-ak6NoX_4Aeg_2045467751" />
  <messageBuildingBlock
    xmi:id="_ThH3xNEwEd-BzquC8wXy7w_-60220810"
    name="AdditionalInformation"
    definition="Provides additional information."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="AddtlInf"
    complexType="_Q1O859p-Ed-ak6NoX_4Aeg_-2143304293">
    <semanticMarkup
      xmi:id="_gMt1Bg5lEeO42pgjaJ50lw"
      type="Synonym">
      <elements
        xmi:id="_gMt1Bw5lEeO42pgjaJ50lw"
        name="context"
        value="ISO 15022" />
      <elements
        xmi:id="_gMt1CA5lEeO42pgjaJ50lw"
        name="value"
        value=":70E:ADTX" />
    </semanticMarkup>
  </messageBuildingBlock>
  <messageBuildingBlock
    xmi:id="_ThH3xdEwEd-BzquC8wXy7w_-228303987"
    name="MessageOriginator"
    definition="Party that originated the message, if other than the sender."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="MsgOrgtr"
    complexType="_QQR1tdp-Ed-ak6NoX_4Aeg_-1244141483">
    <semanticMarkup
      xmi:id="_gMt1Cg5lEeO42pgjaJ50lw"
      type="Synonym">
      <elements
        xmi:id="_gMt1Cw5lEeO42pgjaJ50lw"
        name="context"
        value="ISO 15022" />
      <elements
        xmi:id="_gMt1DA5lEeO42pgjaJ50lw"
        name="value"
        value=":95a::MEOR" />
    </semanticMarkup>
  </messageBuildingBlock>
  <messageBuildingBlock
    xmi:id="_ThH3xtEwEd-BzquC8wXy7w_-186746212"
    name="MessageRecipient"
    definition="Party that is the final destination of the message, if other than the receiver."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="MsgRcpt"
    complexType="_QQR1tdp-Ed-ak6NoX_4Aeg_-1244141483">
    <semanticMarkup
      xmi:id="_gMt1Dg5lEeO42pgjaJ50lw"
      type="Synonym">
      <elements
        xmi:id="_gMt1Dw5lEeO42pgjaJ50lw"
        name="context"
        value="ISO 15022" />
      <elements
        xmi:id="_gMt1EA5lEeO42pgjaJ50lw"
        name="value"
        value=":95a::MERE" />
    </semanticMarkup>
  </messageBuildingBlock>
  <messageBuildingBlock
    xmi:id="_ThH3x9EwEd-BzquC8wXy7w_-1301348994"
    name="Extension"
    definition="Additional information that can not be captured in the structured fields and/or any other specific block."
    registrationStatus="Provisionally Registered"
    minOccurs="0"
    xmlTag="Xtnsn"
    complexType="_QzJSNdp-Ed-ak6NoX_4Aeg_251191216" />
  <messageDefinitionIdentifier
    businessArea="seev"
    messageFunctionality="038"
    flavour="001"
    version="01" />
</messageDefinition>

ISO Building Blocks

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