setr.003.001.03
Scope An executing party, for example, a transfer agent, sends the RedemptionBulkOrderConfirmation message to the instructing party, for example, an investment manager or its authorised representative to confirm the details of execution for a previously received RedemptionBulkOrder message. Usage The RedemptionBulkOrderConfirmation message is used to confirm the execution of all individual orders included in a previously sent RedemptionBulkOrder message. 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 RedemptionBulkOrder message in which the individual order was conveyed may also be quoted in RelatedReference, but this is not recommended. A RedemptionBulkOrder must in all cases be responded to by a RedemptionBulkOrderConfirmation and in no circumstances by a RedemptionOrderConfirmation. If the executing party needs to confirm a RedemptionOrder instruction, then the RedemptionOrderConfirmation 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
%% RedemptionBulkOrderConfirmationV03 recursion level 0 with max 0
RedemptionBulkOrderConfirmationV03 *-- "1..1" MessageIdentification1 : MessageIdentification
RedemptionBulkOrderConfirmationV03 *-- "0..1" AdditionalReference3 : PoolReference
RedemptionBulkOrderConfirmationV03 *-- "0..1" AdditionalReference3 : PreviousReference
RedemptionBulkOrderConfirmationV03 *-- "0..1" AdditionalReference3 : RelatedReference
RedemptionBulkOrderConfirmationV03 *-- "1..1" RedemptionBulkExecution3 : BulkExecutionDetails
RedemptionBulkOrderConfirmationV03 *-- "0..10" Intermediary9 : RelatedPartyDetails
RedemptionBulkOrderConfirmationV03 *-- "0..1" CopyInformation2 : CopyDetails
RedemptionBulkOrderConfirmationV03 *-- "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 a 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
%% 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
%% RedemptionBulkExecution3 recursion level 0 with max 1
class RedemptionBulkExecution3{
MasterReference IsoMax35Text
OrderDateTime IsoISODateTime
RequestedFutureTradeDate IsoISODate
CancellationRight CancellationRight1Code
ExtendedCancellationRight IsoExtended350Code
RequestedSettlementCurrency ActiveCurrencyCode
RequestedNAVCurrency ActiveOrHistoricCurrencyCode
TotalSettlementAmount IsoActiveCurrencyAndAmount
CashSettlementDate IsoISODate
}
RedemptionBulkExecution3 *-- "0..1" IPlaceOfTradeIdentification1Choice : PlaceOfTrade
RedemptionBulkExecution3 *-- "1..1" FinancialInstrument10 : FinancialInstrumentDetails
RedemptionBulkExecution3 *-- "1..0" RedemptionExecution5 : IndividualExecutionDetails
RedemptionBulkExecution3 *-- "0..1" PaymentTransaction22 : BulkCashSettlementDetails
%% IPlaceOfTradeIdentification1Choice recursion level 1 with max 1
%% FinancialInstrument10 recursion level 1 with max 1
class FinancialInstrument10{
Name IsoMax350Text
SupplementaryIdentification IsoMax35Text
ClassType IsoMax35Text
SecuritiesForm FormOfSecurity1Code
DistributionPolicy DistributionPolicy1Code
ProductGroup IsoMax140Text
}
FinancialInstrument10 *-- "1..1" ISecurityIdentification3Choice : Identification
%% RedemptionExecution5 recursion level 1 with max 1
class RedemptionExecution5{
OrderReference IsoMax35Text
ClientReference IsoMax35Text
DealReference IsoMax35Text
Rounding RoundingDirection2Code
NetAmount IsoActiveCurrencyAndAmount
HoldingsRedemptionRate IsoPercentageRate
GrossAmount IsoActiveCurrencyAndAmount
SettlementAmount IsoActiveCurrencyAndAmount
CashSettlementDate IsoISODate
SettlementMethod DeliveryReceiptType2Code
PartiallyExecutedIndicator IsoYesNoIndicator
BestExecution BestExecution1Code
CumDividendIndicator IsoYesNoIndicator
IncomePreference IncomePreference1Code
Group1Or2Units UKTaxGroupUnitCode
PhysicalDeliveryIndicator IsoYesNoIndicator
NonStandardSettlementInformation IsoMax350Text
PartialSettlementOfUnits IsoPercentageRate
PartialSettlementOfCash IsoPercentageRate
PartialRedemptionWithholdingAmount IsoCurrencyAndAmount
FinancialAdvice FinancialAdvice1Code
NegotiatedTrade NegotiatedTrade1Code
LateReport LateReport1Code
}
RedemptionExecution5 *-- "0..10" FundOrderType3 : OrderType
RedemptionExecution5 *-- "0..1" IndividualPerson12 : BeneficiaryDetails
RedemptionExecution5 *-- "1..1" FinancialInstrumentQuantity1 : UnitsNumber
RedemptionExecution5 *-- "1..1" InvestmentAccount21 : InvestmentAccountDetails
RedemptionExecution5 *-- "1..1" IDateAndDateTimeChoice : TradeDateTime
RedemptionExecution5 *-- "1..1" UnitPrice10 : DealingPriceDetails
RedemptionExecution5 *-- "0..2" UnitPrice10 : InformativePriceDetails
RedemptionExecution5 *-- "0..1" IProfitAndLoss1Choice : InterimProfitAmount
RedemptionExecution5 *-- "0..0" ForeignExchangeTerms7 : ForeignExchangeDetails
RedemptionExecution5 *-- "0..1" TotalCharges3 : ChargeGeneralDetails
RedemptionExecution5 *-- "0..1" TotalCommissions3 : CommissionGeneralDetails
RedemptionExecution5 *-- "0..4" InvestmentFundsOrderBreakdown1 : StaffClientBreakdown
RedemptionExecution5 *-- "0..1" TotalTaxes3 : TaxGeneralDetails
RedemptionExecution5 *-- "0..1" FundSettlementParameters4 : SettlementAndCustodyDetails
RedemptionExecution5 *-- "0..1" DeliveryParameters3 : PhysicalDeliveryDetails
RedemptionExecution5 *-- "0..1" PaymentTransaction22 : CashSettlementDetails
RedemptionExecution5 *-- "0..10" Intermediary9 : RelatedPartyDetails
RedemptionExecution5 *-- "0..1" Equalisation1 : Equalisation
%% PaymentTransaction22 recursion level 1 with max 1
PaymentTransaction22 *-- "0..1" IPaymentInstrument11Choice : PaymentInstrument
RedemptionBulkExecution3 members
| Member name | Description | Data Type / Multiplicity |
|---|---|---|
| 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. | 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 an investor with respect to an investment fund order. | CancellationRight1Code - Optional 0..1 |
| ExtendedCancellationRight | Cancellation right of an investor with respect to an investment fund order. | IsoExtended350Code - Optional 0..1 |
| FinancialInstrumentDetails | Investment fund class to which an investment fund order execution is related. | FinancialInstrument10 - Required 1..1 |
| IndividualExecutionDetails | Execution of a redemption order. | RedemptionExecution5 - 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 |
| CashSettlementDate | Date on which cash is available. | IsoISODate - Optional 0..1 |
| BulkCashSettlementDetails | Payment processes required to transfer cash from the debtor to the creditor. | PaymentTransaction22 - Optional 0..1 |
RelatedPartyDetails building block
Information about parties related to the transaction. Party that provides services to investors relating to financial products. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% Intermediary9 recursion level 0 with max 1
class Intermediary9{
OrderOriginatorEligibility OrderOriginatorEligibility1Code
TradingPartyCapacity TradingCapacity2Code
Role InvestmentFundRole2Code
ExtendedRole IsoExtended350Code
}
Intermediary9 *-- "1..1" IPartyIdentification2Choice : Identification
Intermediary9 *-- "0..1" Account7 : Account
%% IPartyIdentification2Choice recursion level 1 with max 1
%% Account7 recursion level 1 with max 1
Account7 *-- "1..1" AccountIdentification1 : Identification
Account7 *-- "0..1" IPartyIdentification2Choice : AccountServicer
Intermediary9 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. | Account7 - Optional 0..1 |
| OrderOriginatorEligibility | Counterparties eligibility as defined by article 24 of the EU MiFID Directive applicable to transactions executed by investment firms for eligible counterparties. | OrderOriginatorEligibility1Code - Optional 0..1 |
| TradingPartyCapacity | Capacity of the party executing an order. | TradingCapacity2Code - Optional 0..1 |
| Role | Function performed by the intermediary. | InvestmentFundRole2Code - Optional 0..1 |
| ExtendedRole | Function performed by the intermediary. | IsoExtended350Code - 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
%% CopyInformation2 recursion level 0 with max 1
class CopyInformation2{
CopyIndicator IsoYesNoIndicator
}
CopyInformation2 *-- "0..1" BICIdentification1 : OriginalReceiver
%% BICIdentification1 recursion level 1 with max 1
class BICIdentification1{
BIC IsoBICIdentifier
}
CopyInformation2 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 - 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 RedemptionBulkOrderConfirmationV03 implementation follows a specific implementaiton pattern. First of all, RedemptionBulkOrderConfirmationV03 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, RedemptionBulkOrderConfirmationV03Document implements IOuterDocument. Because RedemptionBulkOrderConfirmationV03 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type RedemptionBulkOrderConfirmationV03.
classDiagram
class IOuterRecord
RedemptionBulkOrderConfirmationV03 --|> IOuterRecord : Implements
RedemptionBulkOrderConfirmationV03Document --|> IOuterDocument~RedemptionBulkOrderConfirmationV03~ : Implements
class IOuterDocument~RedemptionBulkOrderConfirmationV03~ {
RedemptionBulkOrderConfirmationV03 Message
}
Document wrapper for serialization
The only real purpose RedemptionBulkOrderConfirmationV03Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:setr.003.001.03’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using RedemptionBulkOrderConfirmationV03.ToDocument() method. The returned RedemptionBulkOrderConfirmationV03Document value will serialize correctly according to ISO 20022 standards.
classDiagram
RedemptionBulkOrderConfirmationV03Document *-- RedemptionBulkOrderConfirmationV03 : 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.003.001.03">
<RedBlkOrdrConfV03>
<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>
<RltdPtyDtls>
<!-- RelatedPartyDetails inner content -->
</RltdPtyDtls>
<CpyDtls>
<!-- CopyDetails inner content -->
</CpyDtls>
<Xtnsn>
<!-- Extension inner content -->
</Xtnsn>
</RedBlkOrdrConfV03>
</Document>
Data from ISO specification
This is the technical data from the specification document.
<messageDefinition
xmi:id="_pkm8ENE7Ed-BzquC8wXy7w_-2035015810"
nextVersions="_Aab6ATbLEead9bDRE_1DAQ"
previousVersion="_pGD-5dE7Ed-BzquC8wXy7w_314405258"
name="RedemptionBulkOrderConfirmationV03"
definition="Scope
An executing party, for example, a transfer agent, sends the RedemptionBulkOrderConfirmation message to the instructing party, for example, an investment manager or its authorised representative to confirm the details of execution for a previously received RedemptionBulkOrder message.
Usage
The RedemptionBulkOrderConfirmation message is used to confirm the execution of all individual orders included in a previously sent RedemptionBulkOrder message.
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 RedemptionBulkOrder message in which the individual order was conveyed may also be quoted in RelatedReference, but this is not recommended.
A RedemptionBulkOrder must in all cases be responded to by a RedemptionBulkOrderConfirmation and in no circumstances by a RedemptionOrderConfirmation.
If the executing party needs to confirm a RedemptionOrder instruction, then the RedemptionOrderConfirmation must be used."
registrationStatus="Registered"
messageSet="_wFQdsE2rEeG_I4xRYCA_7g"
xmlTag="RedBlkOrdrConfV03"
rootElement="Document"
xmlns:xmi="http://www.omg.org/XMI">
<constraint
xmi:id="_pkwGAtE7Ed-BzquC8wXy7w_-1706241933"
nextVersions="_Aab6AzbLEead9bDRE_1DAQ"
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="_pkwGBdE7Ed-BzquC8wXy7w_-1766813885"
nextVersions="_Aab6BTbLEead9bDRE_1DAQ"
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" />
<constraint
xmi:id="_pkwGCNE7Ed-BzquC8wXy7w_-1258922258"
name="RelatedPartiesDetailsRule"
definition="Either RelatedPartiesDetails or BulkExecutionDetails/IndividualExecutionDetails/RelatedPartiesDetails may be present, but not both."
registrationStatus="Provisionally Registered" />
<messageBuildingBlock
xmi:id="_pkm8EdE7Ed-BzquC8wXy7w_1891903137"
nextVersions="_Aab6CzbLEead9bDRE_1DAQ"
name="MessageIdentification"
definition="Reference that uniquely identifies a message from a business application standpoint."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="1"
xmlTag="MsgId"
complexType="_Q7pG5Np-Ed-ak6NoX_4Aeg_-967008570" />
<messageBuildingBlock
xmi:id="_pkm8EtE7Ed-BzquC8wXy7w_-1579721033"
nextVersions="_Aab6DTbLEead9bDRE_1DAQ"
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="_pkm8E9E7Ed-BzquC8wXy7w_-1564944521"
nextVersions="_Aab6DzbLEead9bDRE_1DAQ"
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="_pkm8FNE7Ed-BzquC8wXy7w_-1577870531"
nextVersions="_Aab6ETbLEead9bDRE_1DAQ"
name="RelatedReference"
definition="Reference to a linked message that was previously received."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="0"
xmlTag="RltdRef"
complexType="_Q6vvAdp-Ed-ak6NoX_4Aeg_2101402955" />
<messageBuildingBlock
xmi:id="_pkm8FdE7Ed-BzquC8wXy7w_-260009400"
nextVersions="_Aab6EzbLEead9bDRE_1DAQ"
name="BulkExecutionDetails"
definition="General information related to the execution of investment fund orders."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="1"
xmlTag="BlkExctnDtls"
complexType="_R2Dgudp-Ed-ak6NoX_4Aeg_-675591954" />
<messageBuildingBlock
xmi:id="_pkm8FtE7Ed-BzquC8wXy7w_-1123500614"
name="RelatedPartyDetails"
definition="Information about parties related to the transaction."
registrationStatus="Provisionally Registered"
maxOccurs="10"
minOccurs="0"
xmlTag="RltdPtyDtls"
complexType="_QN5QFtp-Ed-ak6NoX_4Aeg_-1242436209" />
<messageBuildingBlock
xmi:id="_pkwGANE7Ed-BzquC8wXy7w_-1119805484"
nextVersions="_Aab6FzbLEead9bDRE_1DAQ"
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="_Q7Vk4tp-Ed-ak6NoX_4Aeg_-1918092012" />
<messageBuildingBlock
xmi:id="_pkwGAdE7Ed-BzquC8wXy7w_-1117957647"
nextVersions="_Aab6GTbLEead9bDRE_1DAQ"
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="03" />
</messageDefinition>
ISO Building Blocks
The following items are used as building blocks to construct this message.