setr.003.001.02
Scope The RedemptionBulkOrderConfirmation message is sent by an executing party, eg, a transfer agent, to an instructing party, eg, an investment manager or its authorised representative. There may be one or more intermediary parties between the executing party and the instructing party. The intermediary party is, for example, an intermediary or a concentrator. This message is used to confirm the details of the execution of a RedemptionBulkOrder message. Usage The RedemptionBulkOrderConfirmation message is sent, after the price has been determined, to confirm the execution of all individual orders. There is usually one bulk confirmation message for one bulk order message. A RedemptionBulkOrder must in all cases be responded to by a RedemptionBulkOrderConfirmation and in no circumstances by a RedemptionMultipleOrderConfirmation. If the executing party needs to confirm a RedemptionMultipleOrder message, then the RedemptionMultipleOrderConfirmation message must be used.
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
%% RedemptionBulkOrderConfirmationV02 recursion level 0 with max 0
RedemptionBulkOrderConfirmationV02 *-- "0..1" AdditionalReference3 : MasterReference
RedemptionBulkOrderConfirmationV02 *-- "0..1" AdditionalReference3 : PoolReference
RedemptionBulkOrderConfirmationV02 *-- "0..1" AdditionalReference3 : PreviousReference
RedemptionBulkOrderConfirmationV02 *-- "1..1" AdditionalReference3 : RelatedReference
RedemptionBulkOrderConfirmationV02 *-- "1..1" RedemptionBulkExecution2 : BulkExecutionDetails
RedemptionBulkOrderConfirmationV02 *-- "0..10" Intermediary4 : IntermediaryDetails
RedemptionBulkOrderConfirmationV02 *-- "0..1" CopyInformation1 : CopyDetails
RedemptionBulkOrderConfirmationV02 *-- "0..1" Extension1 : Extension
Now, we will zero-in one-by-one on each of these building blocks.
MasterReference building block
Reference assigned to a set of orders or trades in order to link them together. References a related message or provides another reference, such as a pool reference, linking a set of messages. The party which issued the related reference may be the Sender of the referenced message or a party other than the Sender. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% AdditionalReference3 recursion level 0 with max 1
class AdditionalReference3{
Reference IsoMax35Text
MessageName IsoMax35Text
}
AdditionalReference3 *-- "0..1" IPartyIdentification2Choice : ReferenceIssuer
%% IPartyIdentification2Choice recursion level 1 with max 1
AdditionalReference3 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Reference | Business reference of a message assigned by the party issuing the message. This reference must be unique amongst all messages of the same name sent by the same party. | IsoMax35Text - Required 1..1 |
| ReferenceIssuer | Issuer of the reference. | IPartyIdentification2Choice - Optional 0..1 |
| MessageName | Name of a message. | IsoMax35Text - Optional 0..1 |
PoolReference building block
Collective reference identifying a set of messages. References a related message or provides another reference, such as a pool reference, linking a set of messages. The party which issued the related reference may be the Sender of the referenced message or a party other than the Sender. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% AdditionalReference3 recursion level 0 with max 1
class AdditionalReference3{
Reference IsoMax35Text
MessageName IsoMax35Text
}
AdditionalReference3 *-- "0..1" IPartyIdentification2Choice : ReferenceIssuer
%% IPartyIdentification2Choice recursion level 1 with max 1
AdditionalReference3 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Reference | Business reference of a message assigned by the party issuing the message. This reference must be unique amongst all messages of the same name sent by the same party. | IsoMax35Text - Required 1..1 |
| ReferenceIssuer | Issuer of the reference. | IPartyIdentification2Choice - Optional 0..1 |
| MessageName | Name of a message. | IsoMax35Text - Optional 0..1 |
PreviousReference building block
Reference to a linked message that was previously sent. References a related message or provides another reference, such as a pool reference, linking a set of messages. The party which issued the related reference may be the Sender of the referenced message or a party other than the Sender. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% AdditionalReference3 recursion level 0 with max 1
class AdditionalReference3{
Reference IsoMax35Text
MessageName IsoMax35Text
}
AdditionalReference3 *-- "0..1" IPartyIdentification2Choice : ReferenceIssuer
%% IPartyIdentification2Choice recursion level 1 with max 1
AdditionalReference3 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Reference | Business reference of a message assigned by the party issuing the message. This reference must be unique amongst all messages of the same name sent by the same party. | IsoMax35Text - Required 1..1 |
| ReferenceIssuer | Issuer of the reference. | IPartyIdentification2Choice - Optional 0..1 |
| MessageName | Name of a message. | IsoMax35Text - Optional 0..1 |
RelatedReference building block
Reference to a linked message that was previously received. References a related message or provides another reference, such as a pool reference, linking a set of messages. The party which issued the related reference may be the Sender of the referenced message or a party other than the Sender. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% AdditionalReference3 recursion level 0 with max 1
class AdditionalReference3{
Reference IsoMax35Text
MessageName IsoMax35Text
}
AdditionalReference3 *-- "0..1" IPartyIdentification2Choice : ReferenceIssuer
%% IPartyIdentification2Choice recursion level 1 with max 1
AdditionalReference3 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Reference | Business reference of a message assigned by the party issuing the message. This reference must be unique amongst all messages of the same name sent by the same party. | IsoMax35Text - Required 1..1 |
| ReferenceIssuer | Issuer of the reference. | IPartyIdentification2Choice - Optional 0..1 |
| MessageName | Name of a message. | IsoMax35Text - Optional 0..1 |
BulkExecutionDetails building block
General information related to the execution of investment fund orders. Execution of a redemption order. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% RedemptionBulkExecution2 recursion level 0 with max 1
class RedemptionBulkExecution2{
PlaceOfTrade CountryCode
OrderDateTime IsoISODateTime
RequestedSettlementCurrency CurrencyCode
RequestedNAVCurrency CurrencyCode
}
RedemptionBulkExecution2 *-- "0..1" CancellationRight1 : CancellationRight
RedemptionBulkExecution2 *-- "1..1" FinancialInstrument6 : FinancialInstrumentDetails
RedemptionBulkExecution2 *-- "1..0" RedemptionExecution3 : IndividualExecutionDetails
RedemptionBulkExecution2 *-- "0..1" PaymentTransaction18 : BulkCashSettlementDetails
%% CancellationRight1 recursion level 1 with max 1
class CancellationRight1{
Structured CancellationRight2Code
AdditionalInformation IsoMax350Text
}
%% FinancialInstrument6 recursion level 1 with max 1
class FinancialInstrument6{
Name IsoMax350Text
SupplementaryIdentification IsoMax35Text
ClassType IsoMax35Text
SecuritiesForm FormOfSecurity1Code
DistributionPolicy DistributionPolicy1Code
ProductGroup IsoMax140Text
}
FinancialInstrument6 *-- "1..1" ISecurityIdentification1Choice : Identification
%% RedemptionExecution3 recursion level 1 with max 1
class RedemptionExecution3{
OrderReference IsoMax35Text
DealReference IsoMax35Text
Rounding RoundingDirection2Code
NetAmount IsoActiveCurrencyAndAmount
HoldingsRedemptionRate IsoPercentageRate
GrossAmount IsoActiveCurrencyAndAmount
PartiallyExecutedIndicator IsoYesNoIndicator
CumDividendIndicator IsoYesNoIndicator
IncomePreference IncomePreference1Code
Group1Or2Units UKTaxGroupUnitCode
PhysicalDeliveryIndicator IsoYesNoIndicator
}
RedemptionExecution3 *-- "0..0" FundOrderType1 : OrderType
RedemptionExecution3 *-- "1..1" InvestmentAccount13 : InvestmentAccountDetails
RedemptionExecution3 *-- "0..1" IndividualPerson2 : BeneficiaryDetails
RedemptionExecution3 *-- "1..1" FinancialInstrumentQuantity1 : UnitsNumber
RedemptionExecution3 *-- "1..1" IDateAndDateTimeChoice : TradeDateTime
RedemptionExecution3 *-- "1..1" UnitPrice5 : PriceDetails
RedemptionExecution3 *-- "0..1" IProfitAndLoss1Choice : InterimProfitAmount
RedemptionExecution3 *-- "0..0" ForeignExchangeTerms4 : ForeignExchangeDetails
RedemptionExecution3 *-- "0..1" TotalCharges2 : ChargeGeneralDetails
RedemptionExecution3 *-- "0..1" TotalCommissions2 : CommissionGeneralDetails
RedemptionExecution3 *-- "0..1" TotalTaxes2 : TaxGeneralDetails
RedemptionExecution3 *-- "0..1" FundSettlementParameters3 : SettlementAndCustodyDetails
RedemptionExecution3 *-- "0..1" DeliveryParameters3 : PhysicalDeliveryDetails
RedemptionExecution3 *-- "0..1" PaymentTransaction18 : CashSettlementDetails
%% PaymentTransaction18 recursion level 1 with max 1
class PaymentTransaction18{
SettlementAmount IsoActiveCurrencyAndAmount
SettlementDate IsoISODate
}
PaymentTransaction18 *-- "1..1" IPaymentInstrument7Choice : PaymentInstrument
RedemptionBulkExecution2 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| PlaceOfTrade | Market in which the advised trade transaction was executed. | CountryCode - Optional 0..1 |
| OrderDateTime | Date and time at which the order was placed by the investor. | IsoISODateTime - Optional 0..1 |
| CancellationRight | Cancellation right of an investor with respect to an investment fund order. | CancellationRight1 - Optional 0..1 |
| FinancialInstrumentDetails | Investment fund class to which an investment fund order execution is related. | FinancialInstrument6 - Required 1..1 |
| IndividualExecutionDetails | Execution of a redemption order. | RedemptionExecution3 - Unknown 1..0 |
| RequestedSettlementCurrency | Currency requested for settlement of cash proceeds. | CurrencyCode - Optional 0..1 |
| RequestedNAVCurrency | Currency to be used for pricing the fund. This currency must be among the set of currencies in which the price may be expressed, as stated in the prospectus. | CurrencyCode - Optional 0..1 |
| BulkCashSettlementDetails | Payment transaction related to the execution of an investment fund transaction. | PaymentTransaction18 - Optional 0..1 |
IntermediaryDetails building block
Information related to an intermediary. Party that provides services to investors relating to financial products. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% Intermediary4 recursion level 0 with max 1
class Intermediary4{
Role IsoMax35Text
}
Intermediary4 *-- "1..1" IPartyIdentification2Choice : Identification
Intermediary4 *-- "0..1" Account2 : Account
%% IPartyIdentification2Choice recursion level 1 with max 1
%% Account2 recursion level 1 with max 1
Account2 *-- "0..1" AccountIdentification1 : Identification
Account2 *-- "1..1" IPartyIdentification2Choice : AccountServicer
Intermediary4 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Identification | Unique and unambiguous identifier of the intermediary. | IPartyIdentification2Choice - Required 1..1 |
| Account | Business relationship between two entities; one entity is the account owner, the other entity is the account servicer. | Account2 - Optional 0..1 |
| Role | Function performed by the intermediary. | IsoMax35Text - Optional 0..1 |
CopyDetails building block
Information provided when the message is a copy of a previous message. Information provided when the message is a copy of a previous message. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% CopyInformation1 recursion level 0 with max 1
class CopyInformation1{
CopyIndicator IsoYesNoIndicator
}
CopyInformation1 *-- "1..1" BICIdentification1 : OriginalReceiver
%% BICIdentification1 recursion level 1 with max 1
class BICIdentification1{
BIC IsoBICIdentifier
}
CopyInformation1 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| CopyIndicator | Indicates whether the message is a copy. | IsoYesNoIndicator - Required 1..1 |
| OriginalReceiver | Original receiver of the message, if this message is a copy. | BICIdentification1 - Required 1..1 |
Extension 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
%% Extension1 recursion level 0 with max 1
class Extension1{
PlaceAndName IsoMax350Text
Text IsoMax350Text
}
Extension1 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 - Required 1..1 |
| Text | Text of the extension. | IsoMax350Text - Required 1..1 |
Extensibility and generalization considerations
To facilitate generalized design patterns in the system, the RedemptionBulkOrderConfirmationV02 implementation follows a specific implementaiton pattern. First of all, RedemptionBulkOrderConfirmationV02 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, RedemptionBulkOrderConfirmationV02Document implements IOuterDocument. Because RedemptionBulkOrderConfirmationV02 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type RedemptionBulkOrderConfirmationV02.
classDiagram
class IOuterRecord
RedemptionBulkOrderConfirmationV02 --|> IOuterRecord : Implements
RedemptionBulkOrderConfirmationV02Document --|> IOuterDocument~RedemptionBulkOrderConfirmationV02~ : Implements
class IOuterDocument~RedemptionBulkOrderConfirmationV02~ {
RedemptionBulkOrderConfirmationV02 Message
}
Document wrapper for serialization
The only real purpose RedemptionBulkOrderConfirmationV02Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:setr.003.001.02’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using RedemptionBulkOrderConfirmationV02.ToDocument() method. The returned RedemptionBulkOrderConfirmationV02Document value will serialize correctly according to ISO 20022 standards.
classDiagram
RedemptionBulkOrderConfirmationV02Document *-- RedemptionBulkOrderConfirmationV02 : 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:setr.003.001.02">
<setr.003.001.02>
<MstrRef>
<!-- MasterReference inner content -->
</MstrRef>
<PoolRef>
<!-- PoolReference inner content -->
</PoolRef>
<PrvsRef>
<!-- PreviousReference inner content -->
</PrvsRef>
<RltdRef>
<!-- RelatedReference inner content -->
</RltdRef>
<BlkExctnDtls>
<!-- BulkExecutionDetails inner content -->
</BlkExctnDtls>
<IntrmyDtls>
<!-- IntermediaryDetails inner content -->
</IntrmyDtls>
<CpyDtls>
<!-- CopyDetails inner content -->
</CpyDtls>
<Xtnsn>
<!-- Extension inner content -->
</Xtnsn>
</setr.003.001.02>
</Document>
Data from ISO specification
This is the technical data from the specification document.
<messageDefinition
xmi:id="_pGD-5dE7Ed-BzquC8wXy7w_314405258"
nextVersions="_pkm8ENE7Ed-BzquC8wXy7w_-2035015810"
name="RedemptionBulkOrderConfirmationV02"
definition="Scope
The RedemptionBulkOrderConfirmation message is sent by an executing party, eg, a transfer agent, to an instructing party, eg, an investment manager or its authorised representative. There may be one or more intermediary parties between the executing party and the instructing party. The intermediary party is, for example, an intermediary or a concentrator.
This message is used to confirm the details of the execution of a RedemptionBulkOrder message.
Usage
The RedemptionBulkOrderConfirmation message is sent, after the price has been determined, to confirm the execution of all individual orders.
There is usually one bulk confirmation message for one bulk order message.
A RedemptionBulkOrder must in all cases be responded to by a RedemptionBulkOrderConfirmation and in no circumstances by a RedemptionMultipleOrderConfirmation.
If the executing party needs to confirm a RedemptionMultipleOrder message, then the RedemptionMultipleOrderConfirmation message must be used."
registrationStatus="Registered"
messageSet="_urpIICeJEeOCeO5e7islRQ"
xmlName="setr.003.001.02"
xmlTag="setr.003.001.02"
rootElement="Document"
xmlns:xmi="http://www.omg.org/XMI">
<constraint
xmi:id="_pGNI1NE7Ed-BzquC8wXy7w_613624077"
name="AccountIdentificationRule"
definition="If this message is linked to an account opening request and the account identification is not yet known then the value of the AccountIdentification element in BulkExecutionDetails/IndividualExecutionDetails/InvestmentAccountDetails must be UNKNOWN."
registrationStatus="Provisionally Registered" />
<messageBuildingBlock
xmi:id="_pGD-5tE7Ed-BzquC8wXy7w_1787375845"
name="MasterReference"
definition="Reference assigned to a set of orders or trades in order to link them together."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="0"
xmlTag="MstrRef"
complexType="_Q6vvAdp-Ed-ak6NoX_4Aeg_2101402955" />
<messageBuildingBlock
xmi:id="_pGD-59E7Ed-BzquC8wXy7w_1776292588"
name="PoolReference"
definition="Collective reference identifying a set of messages."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="0"
xmlTag="PoolRef"
complexType="_Q6vvAdp-Ed-ak6NoX_4Aeg_2101402955" />
<messageBuildingBlock
xmi:id="_pGD-6NE7Ed-BzquC8wXy7w_1774443914"
name="PreviousReference"
definition="Reference to a linked message that was previously sent."
registrationStatus="Provisionally Registered"
minOccurs="0"
xmlTag="PrvsRef"
complexType="_Q6vvAdp-Ed-ak6NoX_4Aeg_2101402955" />
<messageBuildingBlock
xmi:id="_pGD-6dE7Ed-BzquC8wXy7w_1778141211"
name="RelatedReference"
definition="Reference to a linked message that was previously received."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="1"
xmlTag="RltdRef"
complexType="_Q6vvAdp-Ed-ak6NoX_4Aeg_2101402955" />
<messageBuildingBlock
xmi:id="_pGNI0NE7Ed-BzquC8wXy7w_735528322"
name="BulkExecutionDetails"
definition="General information related to the execution of investment fund orders."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="1"
xmlTag="BlkExctnDtls"
complexType="_VWdsY9p-Ed-ak6NoX_4Aeg_676422996" />
<messageBuildingBlock
xmi:id="_pGNI0dE7Ed-BzquC8wXy7w_-833250151"
name="IntermediaryDetails"
definition="Information related to an intermediary."
registrationStatus="Provisionally Registered"
maxOccurs="10"
minOccurs="0"
xmlTag="IntrmyDtls"
complexType="_U_XbBdp-Ed-ak6NoX_4Aeg_-129041693" />
<messageBuildingBlock
xmi:id="_pGNI0tE7Ed-BzquC8wXy7w_-1336774752"
name="CopyDetails"
definition="Information provided when the message is a copy of a previous message."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="0"
xmlTag="CpyDtls"
complexType="_RE37Ydp-Ed-ak6NoX_4Aeg_-877911728" />
<messageBuildingBlock
xmi:id="_pGNI09E7Ed-BzquC8wXy7w_-338730008"
name="Extension"
definition="Additional information that cannot be captured in the structured elements and/or any other specific block."
registrationStatus="Provisionally Registered"
minOccurs="0"
xmlTag="Xtnsn"
complexType="_Q6vvCNp-Ed-ak6NoX_4Aeg_1503007069" />
<messageDefinitionIdentifier
businessArea="setr"
messageFunctionality="003"
flavour="001"
version="02" />
</messageDefinition>
ISO Building Blocks
The following items are used as building blocks to construct this message.