setr.009.001.03
Scope An executing party, for example, a transfer agent sends the SubscriptionBulkOrderConfirmation message 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.
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
%% SubscriptionBulkOrderConfirmationV03 recursion level 0 with max 0
SubscriptionBulkOrderConfirmationV03 *-- "1..1" MessageIdentification1 : MessageIdentification
SubscriptionBulkOrderConfirmationV03 *-- "0..1" AdditionalReference3 : PoolReference
SubscriptionBulkOrderConfirmationV03 *-- "0..1" AdditionalReference3 : PreviousReference
SubscriptionBulkOrderConfirmationV03 *-- "0..1" AdditionalReference3 : RelatedReference
SubscriptionBulkOrderConfirmationV03 *-- "1..1" SubscriptionBulkExecution3 : BulkExecutionDetails
SubscriptionBulkOrderConfirmationV03 *-- "0..10" Intermediary9 : RelatedPartyDetails
SubscriptionBulkOrderConfirmationV03 *-- "0..1" CopyInformation2 : CopyDetails
SubscriptionBulkOrderConfirmationV03 *-- "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 orders. Execution of a subscription order. For comparison, see the ISO20022 official specification
classDiagram
direction tb
%% SubscriptionBulkExecution3 recursion level 0 with max 1
class SubscriptionBulkExecution3{
MasterReference IsoMax35Text
OrderDateTime IsoISODateTime
RequestedFutureTradeDate IsoISODate
CancellationRight CancellationRight1Code
ExtendedCancellationRight IsoExtended350Code
RequestedSettlementCurrency ActiveCurrencyCode
RequestedNAVCurrency ActiveOrHistoricCurrencyCode
TotalSettlementAmount IsoActiveCurrencyAndAmount
CashSettlementDate IsoISODate
}
SubscriptionBulkExecution3 *-- "0..1" IPlaceOfTradeIdentification1Choice : PlaceOfTrade
SubscriptionBulkExecution3 *-- "1..1" FinancialInstrument10 : FinancialInstrumentDetails
SubscriptionBulkExecution3 *-- "1..0" SubscriptionExecution5 : IndividualExecutionDetails
SubscriptionBulkExecution3 *-- "0..1" PaymentTransaction24 : 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
%% SubscriptionExecution5 recursion level 1 with max 1
class SubscriptionExecution5{
OrderReference IsoMax35Text
ClientReference IsoMax35Text
DealReference IsoMax35Text
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
}
SubscriptionExecution5 *-- "0..10" FundOrderType3 : OrderType
SubscriptionExecution5 *-- "1..1" InvestmentAccount21 : InvestmentAccountDetails
SubscriptionExecution5 *-- "0..1" IndividualPerson12 : BeneficiaryDetails
SubscriptionExecution5 *-- "1..1" FinancialInstrumentQuantity1 : UnitsNumber
SubscriptionExecution5 *-- "1..1" IDateAndDateTimeChoice : TradeDateTime
SubscriptionExecution5 *-- "1..1" UnitPrice10 : DealingPriceDetails
SubscriptionExecution5 *-- "0..2" UnitPrice10 : InformativePriceDetails
SubscriptionExecution5 *-- "0..1" IProfitAndLoss1Choice : InterimProfitAmount
SubscriptionExecution5 *-- "0..0" ForeignExchangeTerms7 : ForeignExchangeDetails
SubscriptionExecution5 *-- "0..1" TotalCommissions3 : CommissionGeneralDetails
SubscriptionExecution5 *-- "0..1" TotalCharges3 : ChargeGeneralDetails
SubscriptionExecution5 *-- "0..1" TotalTaxes3 : TaxGeneralDetails
SubscriptionExecution5 *-- "0..1" FundSettlementParameters3 : SettlementAndCustodyDetails
SubscriptionExecution5 *-- "0..1" DeliveryParameters3 : PhysicalDeliveryDetails
SubscriptionExecution5 *-- "0..4" InvestmentFundsOrderBreakdown1 : StaffClientBreakdown
SubscriptionExecution5 *-- "0..1" PaymentTransaction24 : CashSettlementDetails
SubscriptionExecution5 *-- "0..10" Intermediary9 : RelatedPartyDetails
SubscriptionExecution5 *-- "0..1" Equalisation1 : Equalisation
%% PaymentTransaction24 recursion level 1 with max 1
PaymentTransaction24 *-- "0..1" IPaymentInstrument12Choice : PaymentInstrument
SubscriptionBulkExecution3 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 subscription order. | SubscriptionExecution5 - 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 transaction resulting from the investment fund order execution. | PaymentTransaction24 - 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 SubscriptionBulkOrderConfirmationV03 implementation follows a specific implementaiton pattern. First of all, SubscriptionBulkOrderConfirmationV03 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, SubscriptionBulkOrderConfirmationV03Document implements IOuterDocument. Because SubscriptionBulkOrderConfirmationV03 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type SubscriptionBulkOrderConfirmationV03.
classDiagram
class IOuterRecord
SubscriptionBulkOrderConfirmationV03 --|> IOuterRecord : Implements
SubscriptionBulkOrderConfirmationV03Document --|> IOuterDocument~SubscriptionBulkOrderConfirmationV03~ : Implements
class IOuterDocument~SubscriptionBulkOrderConfirmationV03~ {
SubscriptionBulkOrderConfirmationV03 Message
}
Document wrapper for serialization
The only real purpose SubscriptionBulkOrderConfirmationV03Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:setr.009.001.03’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using SubscriptionBulkOrderConfirmationV03.ToDocument() method. The returned SubscriptionBulkOrderConfirmationV03Document value will serialize correctly according to ISO 20022 standards.
classDiagram
SubscriptionBulkOrderConfirmationV03Document *-- SubscriptionBulkOrderConfirmationV03 : 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.009.001.03">
<SbcptBlkOrdrConfV03>
<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>
</SbcptBlkOrdrConfV03>
</Document>
Data from ISO specification
This is the technical data from the specification document.
<messageDefinition
xmi:id="_zVj4wNE7Ed-BzquC8wXy7w_616882747"
nextVersions="_Aab6hTbLEead9bDRE_1DAQ"
previousVersion="_y7Cf-NE7Ed-BzquC8wXy7w_-384105664"
name="SubscriptionBulkOrderConfirmationV03"
definition="Scope
An executing party, for example, a transfer agent sends the SubscriptionBulkOrderConfirmation message 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."
registrationStatus="Registered"
messageSet="_wFQdsE2rEeG_I4xRYCA_7g"
xmlTag="SbcptBlkOrdrConfV03"
rootElement="Document"
xmlns:xmi="http://www.omg.org/XMI">
<constraint
xmi:id="_zVtpwdE7Ed-BzquC8wXy7w_920721761"
nextVersions="_Aab6hzbLEead9bDRE_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="_zVtpxNE7Ed-BzquC8wXy7w_-1160723324"
nextVersions="_Aab6iTbLEead9bDRE_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="_zVtpx9E7Ed-BzquC8wXy7w_1359134419"
name="RelatedPartiesDetailsRule"
definition="Either RelatedPartiesDetails or BulkExecutionDetails/IndividualExecutionDetails/RelatedPartiesDetails may be present, but not both."
registrationStatus="Provisionally Registered" />
<messageBuildingBlock
xmi:id="_zVj4wdE7Ed-BzquC8wXy7w_-725950414"
nextVersions="_Aab6jzbLEead9bDRE_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="_zVj4wtE7Ed-BzquC8wXy7w_1301211464"
nextVersions="_Aab6kTbLEead9bDRE_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="_zVj4w9E7Ed-BzquC8wXy7w_1303059499"
nextVersions="_Aab6kzbLEead9bDRE_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="_zVj4xNE7Ed-BzquC8wXy7w_1313217658"
nextVersions="_Aab6lTbLEead9bDRE_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="_zVj4xdE7Ed-BzquC8wXy7w_-1660193120"
nextVersions="_Aab6lzbLEead9bDRE_1DAQ"
name="BulkExecutionDetails"
definition="General information related to the execution of investment orders."
registrationStatus="Provisionally Registered"
maxOccurs="1"
minOccurs="1"
xmlTag="BlkExctnDtls"
complexType="_R5U3Jtp-Ed-ak6NoX_4Aeg_-2003740989" />
<messageBuildingBlock
xmi:id="_zVj4xtE7Ed-BzquC8wXy7w_1750042192"
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="_zVj4x9E7Ed-BzquC8wXy7w_1758354425"
nextVersions="_Aab6mzbLEead9bDRE_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="_zVtpwNE7Ed-BzquC8wXy7w_1761122916"
nextVersions="_Aab6nTbLEead9bDRE_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="009"
flavour="001"
version="03" />
</messageDefinition>
ISO Building Blocks
The following items are used as building blocks to construct this message.