setr.009.001.04
Scope The SubscriptionBulkOrderConfirmation message is sent by an executing party, for example, a transfer agent, to the instructing party, for example, an investment manager or its authorised representative, to confirm the details of the execution of a SubscriptionBulkOrder instruction. Usage The SubscriptionBulkOrderConfirmation message is used to confirm the execution of all individual orders. There is usually one bulk confirmation message for one bulk order message. Each individual order confirmation specified is identified in DealReference. The reference of the original individual order is specified in OrderReference. The message identification of the SubscriptionBulkOrder message in which the individual order was conveyed may also be quoted in RelatedReference. A SubscriptionBulkOrder must in all cases be responded to by a SubscriptionBulkOrderConfirmation and in no circumstances by a SubscriptionOrderConfirmation. If the executing party needs to confirm a SubscriptionOrder instruction, then the SubscriptionOrderConfirmation must be used. When the message is used to convey a confirmation amendment/s, the AmendmentIndicator must be present with the value ‘true’ or ‘1’. When this is the case, the message must only contain a confirmation amendment/s and not contain both a confirmation amendment/s and a ‘new’ confirmation/s.
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
%% SubscriptionBulkOrderConfirmationV04 recursion level 0 with max 0
SubscriptionBulkOrderConfirmationV04 *-- "1..1" MessageIdentification1 : MessageIdentification
SubscriptionBulkOrderConfirmationV04 *-- "0..1" AdditionalReference9 : PoolReference
SubscriptionBulkOrderConfirmationV04 *-- "0..1" AdditionalReference8 : PreviousReference
SubscriptionBulkOrderConfirmationV04 *-- "0..1" AdditionalReference8 : RelatedReference
SubscriptionBulkOrderConfirmationV04 *-- "1..1" SubscriptionBulkExecution4 : BulkExecutionDetails
SubscriptionBulkOrderConfirmationV04 *-- "0..1" CopyInformation4 : CopyDetails
SubscriptionBulkOrderConfirmationV04 *-- "0..1" Extension1 : Extension
Now, we will zero-in one-by-one on each of these building blocks.
MessageIdentification building block
Reference that uniquely identifies the message from a business application standpoint. Identifies a message by a unique identifier and the date and time when the message was created by the sender. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% MessageIdentification1 recursion level 0 with max 1
class MessageIdentification1{
Identification IsoMax35Text
CreationDateTime IsoISODateTime
}
MessageIdentification1 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Identification | Identification of the message. | IsoMax35Text - Required 1..1 |
| CreationDateTime | Date of creation of the message. | IsoISODateTime - Required 1..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
%% AdditionalReference9 recursion level 0 with max 1
class AdditionalReference9{
Reference IsoMax35Text
MessageName IsoMax35Text
}
AdditionalReference9 *-- "0..1" PartyIdentification113 : ReferenceIssuer
%% PartyIdentification113 recursion level 1 with max 1
class PartyIdentification113{
LEI IsoLEIIdentifier
}
PartyIdentification113 *-- "1..1" IPartyIdentification90Choice : Party
AdditionalReference9 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Reference | Reference identifying a set of messages. | IsoMax35Text - Required 1..1 |
| ReferenceIssuer | Issuer of the reference. | PartyIdentification113 - Optional 0..1 |
| MessageName | Name of the 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
%% AdditionalReference8 recursion level 0 with max 1
class AdditionalReference8{
Reference IsoMax35Text
MessageName IsoMax35Text
}
AdditionalReference8 *-- "0..1" PartyIdentification113 : ReferenceIssuer
%% PartyIdentification113 recursion level 1 with max 1
class PartyIdentification113{
LEI IsoLEIIdentifier
}
PartyIdentification113 *-- "1..1" IPartyIdentification90Choice : Party
AdditionalReference8 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Reference | Reference issued by a party to identify an instruction, transaction or a message. | IsoMax35Text - Required 1..1 |
| ReferenceIssuer | Issuer of the reference. | PartyIdentification113 - Optional 0..1 |
| MessageName | Name of the 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
%% AdditionalReference8 recursion level 0 with max 1
class AdditionalReference8{
Reference IsoMax35Text
MessageName IsoMax35Text
}
AdditionalReference8 *-- "0..1" PartyIdentification113 : ReferenceIssuer
%% PartyIdentification113 recursion level 1 with max 1
class PartyIdentification113{
LEI IsoLEIIdentifier
}
PartyIdentification113 *-- "1..1" IPartyIdentification90Choice : Party
AdditionalReference8 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| Reference | Reference issued by a party to identify an instruction, transaction or a message. | IsoMax35Text - Required 1..1 |
| ReferenceIssuer | Issuer of the reference. | PartyIdentification113 - Optional 0..1 |
| MessageName | Name of the message. | IsoMax35Text - Optional 0..1 |
BulkExecutionDetails building block
General information related to the execution of the orders. Execution of a subscription order. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% SubscriptionBulkExecution4 recursion level 0 with max 1
class SubscriptionBulkExecution4{
AmendmentIndicator IsoYesNoIndicator
MasterReference IsoMax35Text
OrderDateTime IsoISODateTime
ReceivedDateTime IsoISODateTime
RequestedFutureTradeDate IsoISODate
RequestedSettlementCurrency ActiveCurrencyCode
RequestedNAVCurrency ActiveOrHistoricCurrencyCode
TotalSettlementAmount IsoActiveCurrencyAndAmount
}
SubscriptionBulkExecution4 *-- "0..1" IPlaceOfTradeIdentification1Choice : PlaceOfTrade
SubscriptionBulkExecution4 *-- "0..1" ICancellationRight1Choice : CancellationRight
SubscriptionBulkExecution4 *-- "1..1" FinancialInstrument57 : FinancialInstrumentDetails
SubscriptionBulkExecution4 *-- "1..0" SubscriptionExecution12 : IndividualExecutionDetails
SubscriptionBulkExecution4 *-- "0..1" PaymentTransaction70 : BulkCashSettlementDetails
%% IPlaceOfTradeIdentification1Choice recursion level 1 with max 1
%% ICancellationRight1Choice recursion level 1 with max 1
%% FinancialInstrument57 recursion level 1 with max 1
class FinancialInstrument57{
Name IsoMax350Text
ShortName IsoMax35Text
SupplementaryIdentification IsoMax35Text
ClassType IsoMax35Text
SecuritiesForm FormOfSecurity1Code
DistributionPolicy DistributionPolicy1Code
ProductGroup IsoMax140Text
}
FinancialInstrument57 *-- "1..1" ISecurityIdentification25Choice : Identification
FinancialInstrument57 *-- "0..1" Series1 : SeriesIdentification
%% SubscriptionExecution12 recursion level 1 with max 1
class SubscriptionExecution12{
OrderReference IsoMax35Text
ClientReference IsoMax35Text
DealReference IsoMax35Text
UnitsNumber IsoDecimalNumber
Rounding RoundingDirection2Code
NetAmount IsoActiveCurrencyAndAmount
GrossAmount IsoActiveCurrencyAndAmount
SettlementAmount IsoActiveCurrencyAndAmount
CashSettlementDate IsoISODate
SettlementMethod DeliveryReceiptType2Code
PartiallyExecutedIndicator IsoYesNoIndicator
BestExecution BestExecution1Code
CumDividendIndicator IsoYesNoIndicator
IncomePreference IncomePreference1Code
LetterIntentReference IsoMax35Text
AccumulationRightReference IsoMax35Text
PhysicalDeliveryIndicator IsoYesNoIndicator
Refund IsoActiveCurrencyAndAmount
SubscriptionInterest IsoActiveCurrencyAndAmount
NonStandardSettlementInformation IsoMax350Text
PartialSettlementOfUnits IsoPercentageRate
FinancialAdvice FinancialAdvice1Code
NegotiatedTrade NegotiatedTrade1Code
LateReport LateReport1Code
PartialSettlementOfCash IsoPercentageRate
}
SubscriptionExecution12 *-- "0..10" IFundOrderType4Choice : OrderType
SubscriptionExecution12 *-- "1..1" InvestmentAccount58 : InvestmentAccountDetails
SubscriptionExecution12 *-- "0..0" IndividualPerson31 : BeneficiaryDetails
SubscriptionExecution12 *-- "1..1" IDateAndDateTimeChoice : TradeDateTime
SubscriptionExecution12 *-- "1..1" UnitPrice22 : DealingPriceDetails
SubscriptionExecution12 *-- "0..2" UnitPrice22 : InformativePriceDetails
SubscriptionExecution12 *-- "0..1" IProfitAndLoss2Choice : InterimProfitAmount
SubscriptionExecution12 *-- "0..0" ForeignExchangeTerms33 : ForeignExchangeDetails
SubscriptionExecution12 *-- "0..1" TotalFeesAndTaxes40 : TransactionOverhead
SubscriptionExecution12 *-- "0..1" InformativeTax1 : InformativeTaxDetails
SubscriptionExecution12 *-- "0..1" FundSettlementParameters12 : SettlementAndCustodyDetails
SubscriptionExecution12 *-- "0..1" DeliveryParameters3 : PhysicalDeliveryDetails
SubscriptionExecution12 *-- "0..4" InvestmentFundsOrderBreakdown2 : StaffClientBreakdown
SubscriptionExecution12 *-- "0..1" PaymentTransaction70 : CashSettlementDetails
SubscriptionExecution12 *-- "0..10" Intermediary39 : RelatedPartyDetails
SubscriptionExecution12 *-- "0..1" Equalisation1 : Equalisation
SubscriptionExecution12 *-- "0..0" ISourceOfCash1Choice : SourceOfCash
SubscriptionExecution12 *-- "0..1" ICustomerConductClassification1Choice : CustomerConductClassification
SubscriptionExecution12 *-- "0..1" ITransactionChannelType1Choice : TransactionChannelType
SubscriptionExecution12 *-- "0..1" ISignatureType1Choice : SignatureType
SubscriptionExecution12 *-- "0..1" OrderWaiver1 : OrderWaiverDetails
%% PaymentTransaction70 recursion level 1 with max 1
PaymentTransaction70 *-- "1..1" IPaymentInstrument20Choice : PaymentInstrument
SubscriptionBulkExecution4 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| AmendmentIndicator | Indicates whether the confirmation is an amendment of a previous confirmation. | IsoYesNoIndicator - Optional 0..1 |
| MasterReference | Unique and unambiguous identifier for a group of individual orders, as assigned by the instructing party. This identifier links the individual orders together. | IsoMax35Text - Optional 0..1 |
| PlaceOfTrade | Market in which the advised trade transaction was executed. | IPlaceOfTradeIdentification1Choice - Optional 0..1 |
| OrderDateTime | Date and time at which the order was placed by the investor or its agent. | IsoISODateTime - Optional 0..1 |
| ReceivedDateTime | Date and time the order was received by the executing party, for example, the transfer agent. | IsoISODateTime - Optional 0..1 |
| RequestedFutureTradeDate | Future date at which the investor requests the order to be executed. | The specification of a requested future trade date is not allowed in some markets. The date must be a date in the future. |
| CancellationRight | Cancellation right of the investor with respect to the investment fund order. | ICancellationRight1Choice - Optional 0..1 |
| FinancialInstrumentDetails | Investment fund class to which the investment fund order execution is related. | FinancialInstrument57 - Required 1..1 |
| IndividualExecutionDetails | Execution of a subscription order. | SubscriptionExecution12 - Unknown 1..0 |
| RequestedSettlementCurrency | Currency requested for settlement of cash proceeds. | ActiveCurrencyCode - 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. | ActiveOrHistoricCurrencyCode - Optional 0..1 |
| TotalSettlementAmount | Total amount of money paid /to be paid or received in exchange for the financial instrument in the multiple order. | IsoActiveCurrencyAndAmount - Optional 0..1 |
| BulkCashSettlementDetails | Payment process for the transfer of cash from the debtor to the creditor. | PaymentTransaction70 - 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
%% CopyInformation4 recursion level 0 with max 1
class CopyInformation4{
CopyIndicator IsoYesNoIndicator
OriginalReceiver IsoAnyBICIdentifier
}
CopyInformation4 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. | IsoAnyBICIdentifier - Optional 0..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 SubscriptionBulkOrderConfirmationV04 implementation follows a specific implementaiton pattern. First of all, SubscriptionBulkOrderConfirmationV04 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, SubscriptionBulkOrderConfirmationV04Document implements IOuterDocument. Because SubscriptionBulkOrderConfirmationV04 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type SubscriptionBulkOrderConfirmationV04.
classDiagram
class IOuterRecord
SubscriptionBulkOrderConfirmationV04 --|> IOuterRecord : Implements
SubscriptionBulkOrderConfirmationV04Document --|> IOuterDocument~SubscriptionBulkOrderConfirmationV04~ : Implements
class IOuterDocument~SubscriptionBulkOrderConfirmationV04~ {
SubscriptionBulkOrderConfirmationV04 Message
}
Document wrapper for serialization
The only real purpose SubscriptionBulkOrderConfirmationV04Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:setr.009.001.04’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using SubscriptionBulkOrderConfirmationV04.ToDocument() method. The returned SubscriptionBulkOrderConfirmationV04Document value will serialize correctly according to ISO 20022 standards.
classDiagram
SubscriptionBulkOrderConfirmationV04Document *-- SubscriptionBulkOrderConfirmationV04 : 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.009.001.04">
<SbcptBlkOrdrConf>
<MsgId>
<!-- MessageIdentification inner content -->
</MsgId>
<PoolRef>
<!-- PoolReference inner content -->
</PoolRef>
<PrvsRef>
<!-- PreviousReference inner content -->
</PrvsRef>
<RltdRef>
<!-- RelatedReference inner content -->
</RltdRef>
<BlkExctnDtls>
<!-- BulkExecutionDetails inner content -->
</BlkExctnDtls>
<CpyDtls>
<!-- CopyDetails inner content -->
</CpyDtls>
<Xtnsn>
<!-- Extension inner content -->
</Xtnsn>
</SbcptBlkOrdrConf>
</Document>
Data from ISO specification
This is the technical data from the specification document.
<messageDefinition
xmi:id="_Aab6hTbLEead9bDRE_1DAQ"
previousVersion="_zVj4wNE7Ed-BzquC8wXy7w_616882747"
name="SubscriptionBulkOrderConfirmationV04"
definition="Scope
The SubscriptionBulkOrderConfirmation message is sent by an executing party, for example, a transfer agent, to the instructing party, for example, an investment manager or its authorised representative, to confirm the details of the execution of a SubscriptionBulkOrder instruction.
Usage
The SubscriptionBulkOrderConfirmation message is used to confirm the execution of all individual orders.
There is usually one bulk confirmation message for one bulk order message.
Each individual order confirmation specified is identified in DealReference. The reference of the original individual order is specified in OrderReference. The message identification of the SubscriptionBulkOrder message in which the individual order was conveyed may also be quoted in RelatedReference.
A SubscriptionBulkOrder must in all cases be responded to by a SubscriptionBulkOrderConfirmation and in no circumstances by a SubscriptionOrderConfirmation.
If the executing party needs to confirm a SubscriptionOrder instruction, then the SubscriptionOrderConfirmation must be used.
When the message is used to convey a confirmation amendment/s, the AmendmentIndicator must be present with the value ‘true’ or ‘1’. When this is the case, the message must only contain a confirmation amendment/s and not contain both a confirmation amendment/s and a ‘new’ confirmation/s."
registrationStatus="Registered"
messageSet="_hijK0WiLEeOuqdLlpUIWBw _qCumkAFwEeu2__1EbNXzuA"
xmlTag="SbcptBlkOrdrConf"
rootElement="Document"
xmlns:xmi="http://www.omg.org/XMI">
<constraint
xmi:id="_Aab6hzbLEead9bDRE_1DAQ"
previousVersion="_zVtpwdE7Ed-BzquC8wXy7w_920721761"
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" />
<constraint
xmi:id="_Aab6iTbLEead9bDRE_1DAQ"
previousVersion="_zVtpxNE7Ed-BzquC8wXy7w_-1160723324"
name="OrderReferenceRule"
definition="If this message is not solicited by the receiver, then the value of the OrderReference element in every occurrence of BulkExecutionDetails/IndividualExecutionDetails must be UNSOLICITED."
registrationStatus="Provisionally Registered" />
<messageBuildingBlock
xmi:id="_Aab6jzbLEead9bDRE_1DAQ"
previousVersion="_zVj4wdE7Ed-BzquC8wXy7w_-725950414"
name="MessageIdentification"
definition="Reference that uniquely identifies the message from a business application standpoint."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="1"
xmlTag="MsgId"
complexType="_Q7pG5Np-Ed-ak6NoX_4Aeg_-967008570" />
<messageBuildingBlock
xmi:id="_Aab6kTbLEead9bDRE_1DAQ"
previousVersion="_zVj4wtE7Ed-BzquC8wXy7w_1301211464"
name="PoolReference"
definition="Collective reference identifying a set of messages."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="0"
xmlTag="PoolRef"
complexType="_N4g3EXETEea2e4bzJ8TyEw" />
<messageBuildingBlock
xmi:id="_Aab6kzbLEead9bDRE_1DAQ"
previousVersion="_zVj4w9E7Ed-BzquC8wXy7w_1303059499"
name="PreviousReference"
definition="Reference to a linked message that was previously sent."
registrationStatus="Provisionally Registered"
minOccurs="0"
xmlTag="PrvsRef"
complexType="_udnPoTbsEead9bDRE_1DAQ" />
<messageBuildingBlock
xmi:id="_Aab6lTbLEead9bDRE_1DAQ"
previousVersion="_zVj4xNE7Ed-BzquC8wXy7w_1313217658"
name="RelatedReference"
definition="Reference to a linked message that was previously received."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="0"
xmlTag="RltdRef"
complexType="_udnPoTbsEead9bDRE_1DAQ" />
<messageBuildingBlock
xmi:id="_Aab6lzbLEead9bDRE_1DAQ"
previousVersion="_zVj4xdE7Ed-BzquC8wXy7w_-1660193120"
name="BulkExecutionDetails"
definition="General information related to the execution of the orders."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="1"
xmlTag="BlkExctnDtls"
complexType="_Vji3MTk7EeapUO0vUIo9Xw" />
<messageBuildingBlock
xmi:id="_Aab6mzbLEead9bDRE_1DAQ"
previousVersion="_zVj4x9E7Ed-BzquC8wXy7w_1758354425"
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="_7VUJ8degEeSA_uUacqhl1Q" />
<messageBuildingBlock
xmi:id="_Aab6nTbLEead9bDRE_1DAQ"
previousVersion="_zVtpwNE7Ed-BzquC8wXy7w_1761122916"
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="009"
flavour="001"
version="04" />
</messageDefinition>
ISO Building Blocks
The following items are used as building blocks to construct this message.