Iso20022

SecuritiesSettlementConditionsModificationRequestV06

sese.030.001.06

Scope An account owner sends a SecuritiesSettlementConditionsModificationRequest to an account servicer to request the modification of a processing indicator or another non-matching information.

The account owner/servicer relationship may be:

Usage The message may also be used to:

In markets where this applies (eg, securities market infrastructures with no pre-settlement matching process), it is used by a party to approve, cancel or reject a transaction instructed by the counterparty.

This message cannot be used to request the modification of trade or event details. The use of AdditionalInformation and its fields must be pre-agreed between account servicer and account owner. The fields in that sequence cannot be used to amend a trade or event detail unless authorised by country market practice.

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
%% SecuritiesSettlementConditionsModificationRequestV06 recursion level 0 with max 0
SecuritiesSettlementConditionsModificationRequestV06 *-- "0..1" PartyIdentification98 : AccountOwner
SecuritiesSettlementConditionsModificationRequestV06 *-- "1..1" SecuritiesAccount19 : SafekeepingAccount
SecuritiesSettlementConditionsModificationRequestV06 *-- "1..1" RequestDetails15 : RequestDetails
SecuritiesSettlementConditionsModificationRequestV06 *-- "0..1" AdditionalInformation11 : AdditionalInformation
SecuritiesSettlementConditionsModificationRequestV06 *-- "0..1" SupplementaryData1 : SupplementaryData

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

AccountOwner building block

Party that legally owns the account. Identification of the party. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% PartyIdentification98 recursion level 0 with max 1
class PartyIdentification98{
    LEI IsoLEIIdentifier
}
PartyIdentification98 *-- "1..1" IPartyIdentification92Choice : Identification
%% IPartyIdentification92Choice recursion level 1 with max 1

PartyIdentification98 members

Member name Description Data Type / Multiplicity
Identification Unique identification of the party. IPartyIdentification92Choice - Required 1..1
LEI Legal entity identification as an alternate identification for a party. IsoLEIIdentifier - Optional 0..1

SafekeepingAccount building block

Account to or from which a securities entry is made. Account to or from which a securities entry is made. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% SecuritiesAccount19 recursion level 0 with max 1
class SecuritiesAccount19{
    Identification IsoMax35Text
    Name IsoMax70Text
}
SecuritiesAccount19 *-- "0..1" GenericIdentification30 : Type
%% GenericIdentification30 recursion level 1 with max 1
class GenericIdentification30{
    Identification IsoExact4AlphaNumericText
    Issuer IsoMax35Text
    SchemeName IsoMax35Text
}

SecuritiesAccount19 members

Member name Description Data Type / Multiplicity
Identification Unambiguous identification for the account between the account owner and the account servicer. IsoMax35Text - Required 1..1
Type Specifies the type of securities account. GenericIdentification30 - Optional 0..1
Name Description of the account. IsoMax70Text - Optional 0..1

RequestDetails building block

Details of the request. Details of the settlement condition modification request. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% RequestDetails15 recursion level 0 with max 1
class RequestDetails15{
    RetainIndicator IsoYesNoIndicator
    PartialSettlementIndicator SettlementTransactionCondition5Code
}
RequestDetails15 *-- "1..1" References18 : Reference
RequestDetails15 *-- "0..1" IAutomaticBorrowing7Choice : AutomaticBorrowing
RequestDetails15 *-- "0..1" ILinkageType3Choice : Linkage
RequestDetails15 *-- "0..1" IPriorityNumeric4Choice : Priority
RequestDetails15 *-- "0..0" GenericIdentification30 : OtherProcessing
RequestDetails15 *-- "0..1" ISecuritiesRTGS4Choice : SecuritiesRTGS
RequestDetails15 *-- "0..1" HoldIndicator6 : HoldIndicator
RequestDetails15 *-- "0..1" IMatchingDenied3Choice : MatchingDenial
RequestDetails15 *-- "0..1" IUnilateralSplit3Choice : UnilateralSplit
RequestDetails15 *-- "0..0" Linkages39 : Linkages
%% References18 recursion level 1 with max 1
class References18{
    AccountOwnerTransactionIdentification IsoMax35Text
    AccountServicerTransactionIdentification IsoMax35Text
    MarketInfrastructureTransactionIdentification IsoMax35Text
    ProcessorTransactionIdentification IsoMax35Text
    PoolIdentification IsoMax35Text
    CommonIdentification IsoMax35Text
    TradeIdentification IsoMax35Text
}
%% IAutomaticBorrowing7Choice recursion level 1 with max 1
%% ILinkageType3Choice recursion level 1 with max 1
%% IPriorityNumeric4Choice recursion level 1 with max 1
%% GenericIdentification30 recursion level 1 with max 1
class GenericIdentification30{
    Identification IsoExact4AlphaNumericText
    Issuer IsoMax35Text
    SchemeName IsoMax35Text
}
%% ISecuritiesRTGS4Choice recursion level 1 with max 1
%% HoldIndicator6 recursion level 1 with max 1
class HoldIndicator6{
    Indicator IsoYesNoIndicator
}
HoldIndicator6 *-- "0..0" RegistrationReason5 : Reason
%% IMatchingDenied3Choice recursion level 1 with max 1
%% IUnilateralSplit3Choice recursion level 1 with max 1
%% Linkages39 recursion level 1 with max 1
Linkages39 *-- "0..1" IProcessingPosition8Choice : ProcessingPosition
Linkages39 *-- "0..1" IDocumentNumber5Choice : MessageNumber
Linkages39 *-- "1..1" IReferences46Choice : Reference
Linkages39 *-- "0..1" IPartyIdentification92Choice : ReferenceOwner

RequestDetails15 members

Member name Description Data Type / Multiplicity
Reference References of the transaction for which the securities settlement condition modification is requested. References18 - Required 1..1
AutomaticBorrowing Condition for automatic borrowing. IAutomaticBorrowing7Choice - Optional 0..1
RetainIndicator Specifies whether the instruction due to expire is confirmed for settlement. IsoYesNoIndicator - Optional 0..1
Linkage Specifies the type of linkage requested. ILinkageType3Choice - Optional 0..1
Priority Specifies whether the transaction is to be executed with a high priority. IPriorityNumeric4Choice - Optional 0..1
OtherProcessing Specifies another type of processing change request. GenericIdentification30 - Unknown 0..0
PartialSettlementIndicator Specifies whether partial settlement is allowed. SettlementTransactionCondition5Code - Optional 0..1
SecuritiesRTGS Specifies whether the settlement transaction is to be settled through an RTGS or a non RTGS system. ISecuritiesRTGS4Choice - Optional 0..1
HoldIndicator Specifies whether the transaction is on hold/blocked/frozen. HoldIndicator6 - Optional 0..1
MatchingDenial Specifies the matching processing change requested. IMatchingDenied3Choice - Optional 0..1
UnilateralSplit Specifies that the transaction is requested to be unilaterally split. IUnilateralSplit3Choice - Optional 0..1
Linkages Information regarding the linkage requested. Linkages39 - Unknown 0..0

AdditionalInformation building block

Additional information that cannot be captured in the structured elements and/or any other specific block. Additional specific modification criteria. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% AdditionalInformation11 recursion level 0 with max 1
class AdditionalInformation11{
    AccountOwnerTransactionIdentification IsoMax35Text
}
AdditionalInformation11 *-- "0..1" IClassificationType32Choice : ClassificationType
AdditionalInformation11 *-- "0..1" SecuritiesAccount19 : SafekeepingAccount
AdditionalInformation11 *-- "0..1" SecurityIdentification19 : FinancialInstrumentIdentification
AdditionalInformation11 *-- "0..1" IFinancialInstrumentQuantity1Choice : Quantity
AdditionalInformation11 *-- "0..1" IDateAndDateTimeChoice : EffectiveDate
AdditionalInformation11 *-- "0..1" IDateAndDateTimeChoice : ExpiryDate
AdditionalInformation11 *-- "0..1" IDateAndDateTimeChoice : CutOffDate
AdditionalInformation11 *-- "0..1" PartyIdentification100 : Investor
AdditionalInformation11 *-- "0..1" PartyIdentificationAndAccount117 : DeliveringParty1
AdditionalInformation11 *-- "0..1" PartyIdentificationAndAccount117 : ReceivingParty1
AdditionalInformation11 *-- "0..1" IProcessingStatus56Choice : ProcessingStatus
%% IClassificationType32Choice recursion level 1 with max 1
%% SecuritiesAccount19 recursion level 1 with max 1
class SecuritiesAccount19{
    Identification IsoMax35Text
    Name IsoMax70Text
}
SecuritiesAccount19 *-- "0..1" GenericIdentification30 : Type
%% SecurityIdentification19 recursion level 1 with max 1
class SecurityIdentification19{
    ISIN IsoISINOct2015Identifier
    Description IsoMax140Text
}
SecurityIdentification19 *-- "0..0" OtherIdentification1 : OtherIdentification
%% IFinancialInstrumentQuantity1Choice recursion level 1 with max 1
%% IDateAndDateTimeChoice recursion level 1 with max 1
%% IDateAndDateTimeChoice recursion level 1 with max 1
%% IDateAndDateTimeChoice recursion level 1 with max 1
%% PartyIdentification100 recursion level 1 with max 1
class PartyIdentification100{
    LEI IsoLEIIdentifier
}
PartyIdentification100 *-- "1..1" IPartyIdentification71Choice : Identification
%% PartyIdentificationAndAccount117 recursion level 1 with max 1
class PartyIdentificationAndAccount117{
    LEI IsoLEIIdentifier
    ProcessingIdentification IsoMax35Text
}
PartyIdentificationAndAccount117 *-- "1..1" IPartyIdentification71Choice : Identification
PartyIdentificationAndAccount117 *-- "0..1" SecuritiesAccount19 : SafekeepingAccount
%% PartyIdentificationAndAccount117 recursion level 1 with max 1
class PartyIdentificationAndAccount117{
    LEI IsoLEIIdentifier
    ProcessingIdentification IsoMax35Text
}
PartyIdentificationAndAccount117 *-- "1..1" IPartyIdentification71Choice : Identification
PartyIdentificationAndAccount117 *-- "0..1" SecuritiesAccount19 : SafekeepingAccount
%% IProcessingStatus56Choice recursion level 1 with max 1

AdditionalInformation11 members

Member name Description Data Type / Multiplicity
AccountOwnerTransactionIdentification Identification of the transaction as known by the account owner. Will be used in a unilateral split to provide the executing party with the account owner identification of each split transaction. IsoMax35Text - Optional 0..1
ClassificationType Type of instrument involved in the transactions on which the modification request should apply. IClassificationType32Choice - Optional 0..1
SafekeepingAccount Account to or from which a securities entry is made. SecuritiesAccount19 - Optional 0..1
FinancialInstrumentIdentification Identification of the financial instrument involved in the transactions on which the modification request should apply. SecurityIdentification19 - Optional 0..1
Quantity Quantity of financial instrument concerned by the settlement condition modification request. IFinancialInstrumentQuantity1Choice - Optional 0..1
EffectiveDate Date/time when the request should take effect. IDateAndDateTimeChoice - Optional 0..1
ExpiryDate Date/time when the request should cease to be in effect. IDateAndDateTimeChoice - Optional 0..1
CutOffDate Date/time of the release. IDateAndDateTimeChoice - Optional 0..1
Investor Party, either an individual or organisation, whose assets are being invested. PartyIdentification100 - Optional 0..1
DeliveringParty1 Party that, in a settlement chain interacts with the depository. PartyIdentificationAndAccount117 - Optional 0..1
ReceivingParty1 Party that, in a settlement chain interacts with the depository. PartyIdentificationAndAccount117 - Optional 0..1
ProcessingStatus Provides details on the processing status of the transaction. IProcessingStatus56Choice - Optional 0..1

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

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 SecuritiesSettlementConditionsModificationRequestV06 implementation follows a specific implementaiton pattern. First of all, SecuritiesSettlementConditionsModificationRequestV06 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, SecuritiesSettlementConditionsModificationRequestV06Document implements IOuterDocument. Because SecuritiesSettlementConditionsModificationRequestV06 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type SecuritiesSettlementConditionsModificationRequestV06.

classDiagram
    class IOuterRecord
    SecuritiesSettlementConditionsModificationRequestV06 --|> IOuterRecord : Implements
    SecuritiesSettlementConditionsModificationRequestV06Document --|> IOuterDocument~SecuritiesSettlementConditionsModificationRequestV06~ : Implements
    class IOuterDocument~SecuritiesSettlementConditionsModificationRequestV06~ {
        SecuritiesSettlementConditionsModificationRequestV06 Message
     }

Document wrapper for serialization

The only real purpose SecuritiesSettlementConditionsModificationRequestV06Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:sese.030.001.06’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using SecuritiesSettlementConditionsModificationRequestV06.ToDocument() method. The returned SecuritiesSettlementConditionsModificationRequestV06Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    SecuritiesSettlementConditionsModificationRequestV06Document *-- SecuritiesSettlementConditionsModificationRequestV06 : 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:sese.030.001.06">
    <SctiesSttlmCondsModReq>
        <AcctOwnr>
            <!-- AccountOwner inner content -->
        </AcctOwnr>
        <SfkpgAcct>
            <!-- SafekeepingAccount inner content -->
        </SfkpgAcct>
        <ReqDtls>
            <!-- RequestDetails inner content -->
        </ReqDtls>
        <AddtlInf>
            <!-- AdditionalInformation inner content -->
        </AddtlInf>
        <SplmtryData>
            <!-- SupplementaryData inner content -->
        </SplmtryData>
    </SctiesSttlmCondsModReq>
</Document>

Data from ISO specification

This is the technical data from the specification document.

<messageDefinition
  xmi:id="_YSMXPwCTEeW_3KiG8SEjHA"
  nextVersions="_fjVckW6uEeat2-NFbXd1Pw"
  previousVersion="_689lUSRTEeON6sEIseGaUg"
  name="SecuritiesSettlementConditionsModificationRequestV06"
  definition="Scope&#xD;&#xA;An account owner sends a SecuritiesSettlementConditionsModificationRequest to an account servicer to request the modification of a processing indicator or another non-matching information.&#xD;&#xA;&#xD;&#xA;The account owner/servicer relationship may be:&#xD;&#xA;- a central securities depository participant which has an account with a central securities depository.&#xD;&#xA;It could also be, if agreed in a service level agreement:&#xD;&#xA;- a global custodian which has an account with its local agent (sub-custodian), or&#xD;&#xA;- an investment management institution which manage a fund account opened at a custodian, or&#xD;&#xA;- a broker which has an account with a custodian, or&#xD;&#xA;- a central securities depository which has an account with a custodian, another central securities depository or another settlement market infrastructure.&#xD;&#xA;&#xD;&#xA;Usage&#xD;&#xA;The message may also be used to:&#xD;&#xA;- re-send a message previously sent,&#xD;&#xA;- provide a third party with a copy of a message for information,&#xD;&#xA;- re-send to a third party a copy of a message for information&#xD;&#xA;using the relevant elements in the Business Application Header.&#xD;&#xA;&#xD;&#xA;In markets where this applies (eg, securities market infrastructures with no pre-settlement matching process), it is used by a party to approve, cancel or reject a transaction instructed by the counterparty.&#xD;&#xA;&#xD;&#xA;This message cannot be used to request the modification of trade or event details.&#xD;&#xA;The use of AdditionalInformation and its fields must be pre-agreed between account servicer and account owner. The fields in that sequence cannot be used to amend a trade or event detail unless authorised by country market practice."
  registrationStatus="Registered"
  messageSet="_urpIICeJEeOCeO5e7islRQ"
  xmlTag="SctiesSttlmCondsModReq"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <constraint
    xmi:id="_YSMXRQCTEeW_3KiG8SEjHA"
    nextVersions="_fjVck26uEeat2-NFbXd1Pw"
    previousVersion="_689lVyRTEeON6sEIseGaUg"
    name="SecuritiesMarketPracticeGroupGuideline"
    definition="The Securities Market Practice Group (SMPG) has published market practice recommendations on the use of this message.&#xD;&#xA;These market practices are available on www.smpg.info."
    registrationStatus="Provisionally Registered" />
  <messageBuildingBlock
    xmi:id="_YSMXRwCTEeW_3KiG8SEjHA"
    nextVersions="_fjVclW6uEeat2-NFbXd1Pw"
    previousVersion="_69HWUSRTEeON6sEIseGaUg"
    name="AccountOwner"
    definition="Party that legally owns the account."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="0"
    xmlTag="AcctOwnr"
    complexType="_lwSA1GwBEeWLq_lbZ2Mhyw" />
  <messageBuildingBlock
    xmi:id="_YSMXSQCTEeW_3KiG8SEjHA"
    nextVersions="_fjVcl26uEeat2-NFbXd1Pw"
    previousVersion="_69HWUyRTEeON6sEIseGaUg"
    name="SafekeepingAccount"
    definition="Account to or from which a securities entry is made."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="SfkpgAcct"
    complexType="_T_JUKtp-Ed-ak6NoX_4Aeg_1976638301" />
  <messageBuildingBlock
    xmi:id="_YSMXSwCTEeW_3KiG8SEjHA"
    nextVersions="_fjVcmW6uEeat2-NFbXd1Pw"
    previousVersion="_69HWVSRTEeON6sEIseGaUg"
    name="RequestDetails"
    definition="Details of the request."
    registrationStatus="Provisionally Registered"
    minOccurs="1"
    xmlTag="ReqDtls"
    complexType="_-zrY2zqEEeWVrPy0StzzSg" />
  <messageBuildingBlock
    xmi:id="_YSMXTQCTEeW_3KiG8SEjHA"
    nextVersions="_fjVcm26uEeat2-NFbXd1Pw"
    previousVersion="_69HWVyRTEeON6sEIseGaUg"
    name="AdditionalInformation"
    definition="Additional information that cannot be captured in the structured elements and/or any other specific block."
    registrationStatus="Provisionally Registered"
    minOccurs="0"
    xmlTag="AddtlInf"
    complexType="_qkGGOx5hEeWE3PufGMdJ3w" />
  <messageBuildingBlock
    xmi:id="_YSMXTwCTEeW_3KiG8SEjHA"
    nextVersions="_fjVcnW6uEeat2-NFbXd1Pw"
    previousVersion="_69HWWSRTEeON6sEIseGaUg"
    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="sese"
    messageFunctionality="030"
    flavour="001"
    version="06" />
</messageDefinition>

ISO Building Blocks

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