RedemptionOrderConfirmationV03

setr.006.001.03

Scope An executing party, for example, a transfer agent, sends the RedemptionOrderConfirmation message to the instructing party, for example, an investment manager or its authorised representative to confirm the details of execution for a previously received RedemptionOrder message. Usage The RedemptionOrderConfirmation message is used to confirm the execution of one or more individual orders. A RedemptionOrder message containing more than one individual order may be responded to by more than one RedemptionOrderConfirmation message, as the valuation cycle of the financial instruments in each individual order may be different. 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 RedemptionOrder message in which the individual order was conveyed may also be quoted in RelatedReference. When the executing party sends several confirmations, there is no specific indication in the message that it is an incomplete confirmation. Reconciliation should be based on the references. A RedemptionOrder must in all cases be responded to by a RedemptionOrderConfirmation message and in no circumstances by a RedemptionBulkOrderConfirmation message. If the executing party needs to confirm a RedemptionBulkOrder message, then a RedemptionBulkOrderConfirmation 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
%% RedemptionOrderConfirmationV03 recursion level 0 with max 0
RedemptionOrderConfirmationV03 *-- "1..1" MessageIdentification1 : MessageIdentification
RedemptionOrderConfirmationV03 *-- "0..1" AdditionalReference3 : PoolReference
RedemptionOrderConfirmationV03 *-- "0..1" AdditionalReference3 : PreviousReference
RedemptionOrderConfirmationV03 *-- "0..1" AdditionalReference3 : RelatedReference
RedemptionOrderConfirmationV03 *-- "1..1" RedemptionMultipleExecution3 : MultipleExecutionDetails
RedemptionOrderConfirmationV03 *-- "0..10" Intermediary9 : RelatedPartyDetails
RedemptionOrderConfirmationV03 *-- "0..1" CopyInformation2 : CopyDetails
RedemptionOrderConfirmationV03 *-- "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

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

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

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

MultipleExecutionDetails 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
%% RedemptionMultipleExecution3 recursion level 0 with max 1
class RedemptionMultipleExecution3{
    MasterReference IsoMax35Text
    OrderDateTime IsoISODateTime
    RequestedFutureTradeDate IsoISODate
    CancellationRight CancellationRight1Code
    ExtendedCancellationRight IsoExtended350Code
    TotalSettlementAmount IsoActiveCurrencyAndAmount
    CashSettlementDate IsoISODate
}
RedemptionMultipleExecution3 *-- "0..1" IndividualPerson12 : BeneficiaryDetails
RedemptionMultipleExecution3 *-- "0..1" IPlaceOfTradeIdentification1Choice : PlaceOfTrade
RedemptionMultipleExecution3 *-- "1..1" InvestmentAccount21 : InvestmentAccountDetails
RedemptionMultipleExecution3 *-- "1..0" RedemptionExecution6 : IndividualExecutionDetails
RedemptionMultipleExecution3 *-- "0..1" PaymentTransaction22 : BulkCashSettlementDetails
%% IndividualPerson12 recursion level 1 with max 1
class IndividualPerson12{
    Name IsoMax350Text
    BirthDate IsoISODate
}
IndividualPerson12 *-- "0..1" CountryAndResidentialStatusType1 : CountryAndResidentialStatus
IndividualPerson12 *-- "0..0" GenericIdentification11 : OtherIdentification
%% IPlaceOfTradeIdentification1Choice recursion level 1 with max 1
%% InvestmentAccount21 recursion level 1 with max 1
class InvestmentAccount21{
    AccountName IsoMax35Text
    AccountDesignation IsoMax35Text
    OrderOriginatorEligibility OrderOriginatorEligibility1Code
}
InvestmentAccount21 *-- "1..1" AccountIdentification1 : AccountIdentification
InvestmentAccount21 *-- "0..0" IPartyIdentification2Choice : OwnerIdentification
InvestmentAccount21 *-- "0..1" IPartyIdentification2Choice : AccountServicer
InvestmentAccount21 *-- "0..1" SubAccount1 : SubAccountDetails
%% RedemptionExecution6 recursion level 1 with max 1
class RedemptionExecution6{
    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
    RequestedSettlementCurrency ActiveCurrencyCode
    RequestedNAVCurrency ActiveOrHistoricCurrencyCode
    NonStandardSettlementInformation IsoMax350Text
    PartialSettlementOfUnits IsoPercentageRate
    PartialSettlementOfCash IsoPercentageRate
    PartialRedemptionWithholdingAmount IsoCurrencyAndAmount
    FinancialAdvice FinancialAdvice1Code
    NegotiatedTrade NegotiatedTrade1Code
    LateReport LateReport1Code
}
RedemptionExecution6 *-- "0..10" FundOrderType3 : OrderType
RedemptionExecution6 *-- "1..1" FinancialInstrument10 : FinancialInstrumentDetails
RedemptionExecution6 *-- "0..1" SubAccount1 : SubAccountForHolding
RedemptionExecution6 *-- "1..1" FinancialInstrumentQuantity1 : UnitsNumber
RedemptionExecution6 *-- "1..1" IDateAndDateTimeChoice : TradeDateTime
RedemptionExecution6 *-- "1..1" UnitPrice10 : DealingPriceDetails
RedemptionExecution6 *-- "0..2" UnitPrice10 : InformativePriceDetails
RedemptionExecution6 *-- "0..1" IProfitAndLoss1Choice : InterimProfitAmount
RedemptionExecution6 *-- "0..0" ForeignExchangeTerms7 : ForeignExchangeDetails
RedemptionExecution6 *-- "0..1" TotalCharges3 : ChargeGeneralDetails
RedemptionExecution6 *-- "0..4" InvestmentFundsOrderBreakdown1 : StaffClientBreakdown
RedemptionExecution6 *-- "0..1" TotalCommissions3 : CommissionGeneralDetails
RedemptionExecution6 *-- "0..1" TotalTaxes3 : TaxGeneralDetails
RedemptionExecution6 *-- "0..1" FundSettlementParameters4 : SettlementAndCustodyDetails
RedemptionExecution6 *-- "0..1" DeliveryParameters3 : PhysicalDeliveryDetails
RedemptionExecution6 *-- "0..1" PaymentTransaction22 : CashSettlementDetails
RedemptionExecution6 *-- "0..10" Intermediary9 : RelatedPartyDetails
RedemptionExecution6 *-- "0..1" Equalisation1 : Equalisation
%% PaymentTransaction22 recursion level 1 with max 1
PaymentTransaction22 *-- "0..1" IPaymentInstrument11Choice : PaymentInstrument
  

RedemptionMultipleExecution3 members

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

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

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

Extensibility and generalization considerations

To facilitate generalized design patterns in the system, the RedemptionOrderConfirmationV03 implementation follows a specific implementaiton pattern. First of all, RedemptionOrderConfirmationV03 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, RedemptionOrderConfirmationV03Document implements IOuterDocument. Because RedemptionOrderConfirmationV03 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type RedemptionOrderConfirmationV03.

classDiagram
    class IOuterRecord
    RedemptionOrderConfirmationV03 --|> IOuterRecord : Implements
    RedemptionOrderConfirmationV03Document --|> IOuterDocument~RedemptionOrderConfirmationV03~ : Implements
    class IOuterDocument~RedemptionOrderConfirmationV03~ {
        RedemptionOrderConfirmationV03 Message
     }
  

Document wrapper for serialization

The only real purpose RedemptionOrderConfirmationV03Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:setr.006.001.03’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using RedemptionOrderConfirmationV03.ToDocument() method. The returned RedemptionOrderConfirmationV03Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    RedemptionOrderConfirmationV03Document *-- RedemptionOrderConfirmationV03 : 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.006.001.03">
    <RedOrdrConfV03>
        <MsgId>
            <!-- MessageIdentification inner content -->
        </MsgId>
        <PoolRef>
            <!-- PoolReference inner content -->
        </PoolRef>
        <PrvsRef>
            <!-- PreviousReference inner content -->
        </PrvsRef>
        <RltdRef>
            <!-- RelatedReference inner content -->
        </RltdRef>
        <MltplExctnDtls>
            <!-- MultipleExecutionDetails inner content -->
        </MltplExctnDtls>
        <RltdPtyDtls>
            <!-- RelatedPartyDetails inner content -->
        </RltdPtyDtls>
        <CpyDtls>
            <!-- CopyDetails inner content -->
        </CpyDtls>
        <Xtnsn>
            <!-- Extension inner content -->
        </Xtnsn>
    </RedOrdrConfV03>
</Document>

Data from ISO specification

This is the technical data from the specification document.

<messageDefinition
  xmi:id="_utoEWNE7Ed-BzquC8wXy7w_1346008013"
  nextVersions="_Aab6QzbLEead9bDRE_1DAQ"
  previousVersion="_rWctKNE7Ed-BzquC8wXy7w_939882022"
  name="RedemptionOrderConfirmationV03"
  definition="Scope&#xD;&#xA;An executing party, for example, a transfer agent, sends the RedemptionOrderConfirmation message to the instructing party, for example, an investment manager or its authorised representative to confirm the details of execution for a previously received RedemptionOrder message.&#xD;&#xA;Usage&#xD;&#xA;The RedemptionOrderConfirmation message is used to confirm the execution of one or more individual orders.&#xD;&#xA;A RedemptionOrder message containing more than one individual order may be responded to by more than one RedemptionOrderConfirmation message, as the valuation cycle of the financial instruments in each individual order may be different.&#xD;&#xA;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 RedemptionOrder message in which the individual order was conveyed may also be quoted in RelatedReference.&#xD;&#xA;When the executing party sends several confirmations, there is no specific indication in the message that it is an incomplete confirmation. Reconciliation should be based on the references.&#xD;&#xA;A RedemptionOrder must in all cases be responded to by a RedemptionOrderConfirmation message and in no circumstances by a RedemptionBulkOrderConfirmation message.&#xD;&#xA;If the executing party needs to confirm a RedemptionBulkOrder message, then a RedemptionBulkOrderConfirmation message must be used."
  registrationStatus="Registered"
  messageSet="_wFQdsE2rEeG_I4xRYCA_7g"
  xmlTag="RedOrdrConfV03"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <constraint
    xmi:id="_ut6_QNE7Ed-BzquC8wXy7w_1718187321"
    nextVersions="_Aab6RTbLEead9bDRE_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 MultipleExecutionDetails/InvestmentAccountDetails must be UNKNOWN."
    registrationStatus="Provisionally Registered" />
  <constraint
    xmi:id="_ut6_Q9E7Ed-BzquC8wXy7w_-1532899470"
    nextVersions="_Aab6RzbLEead9bDRE_1DAQ"
    name="OrderReferenceRule"
    definition="If this message is not solicited by the receiver, then the value of the OrderReference element in every occurrence of MultipleExecutionDetails/IndividualExecutionDetails must be UNSOLICITED."
    registrationStatus="Provisionally Registered" />
  <constraint
    xmi:id="_ut6_RtE7Ed-BzquC8wXy7w_976860708"
    name="RelatedPartiesDetailsRule"
    definition="Either RelatedPartiesDetails or MultipleExecutionDetails/IndividualExecutionDetails/RelatedPartiesDetails may be present, but not both."
    registrationStatus="Provisionally Registered" />
  <messageBuildingBlock
    xmi:id="_utxOQNE7Ed-BzquC8wXy7w_-1539573830"
    nextVersions="_Aab6TTbLEead9bDRE_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="_utxOQdE7Ed-BzquC8wXy7w_-412970353"
    nextVersions="_Aab6TzbLEead9bDRE_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="_utxOQtE7Ed-BzquC8wXy7w_-411121699"
    nextVersions="_Aab6UTbLEead9bDRE_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="_utxOQ9E7Ed-BzquC8wXy7w_-400964997"
    nextVersions="_Aab6UzbLEead9bDRE_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="_utxORNE7Ed-BzquC8wXy7w_1763770658"
    nextVersions="_Aab6VTbLEead9bDRE_1DAQ"
    name="MultipleExecutionDetails"
    definition="General information related to the execution of investment fund orders."
    registrationStatus="Provisionally Registered"
    maxOccurs="1"
    minOccurs="1"
    xmlTag="MltplExctnDtls"
    complexType="_R0Qw8Np-Ed-ak6NoX_4Aeg_1391588397" />
  <messageBuildingBlock
    xmi:id="_utxORdE7Ed-BzquC8wXy7w_645385224"
    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="_utxORtE7Ed-BzquC8wXy7w_647232459"
    nextVersions="_Aab6WTbLEead9bDRE_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="_utxOR9E7Ed-BzquC8wXy7w_649080424"
    nextVersions="_Aab6WzbLEead9bDRE_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="006"
    flavour="001"
    version="03" />
</messageDefinition>

ISO Building Blocks

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