SwitchOrderConfirmationV03

setr.015.001.03

Scope An executing party, for example, a transfer agent, sends the SwitchOrderConfirmation message to the instructing party, for example, an investment manager or its authorised representative to confirm the details of the execution of a previously received SwitchOrder instruction. Usage The SwitchOrderConfirmation message is used to confirm that all the legs of the previously instructed switch order have been executed. The reference of the switch order confirmation is identified in DealReference. The reference of the original switch order is specified in OrderReference. The message identification of the SwitchOrder message in which the switch order was conveyed may also be quoted in RelatedReference. If the SwitchOrderConfirmation Details sequence is present more than once, then the redemption leg details and subscription leg details sequences may only be present once. If Switch Confirmation Order Details\Investment Account is used, then the Investment Account Details sequences in Subscription Leg Details and Redemption Leg Details are not allowed. If the SwitchOrderConfirmation Details sequence is present more than once, then the redemption leg details and subscription leg details sequences may only be present once. If SwitchOrderConfirmationDetails\InvestmentAccount is used, then the InvestmentAccountDetails sequences in SubscriptionLegDetails and RedemptionLegDetails are not allowed. This functionality is to be used by institutions that set up two accounts per investor, rather than one investment account. .

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
%% SwitchOrderConfirmationV03 recursion level 0 with max 0
SwitchOrderConfirmationV03 *-- "1..1" MessageIdentification1 : MessageIdentification
SwitchOrderConfirmationV03 *-- "0..1" AdditionalReference3 : PoolReference
SwitchOrderConfirmationV03 *-- "0..1" AdditionalReference3 : PreviousReference
SwitchOrderConfirmationV03 *-- "0..1" AdditionalReference3 : RelatedReference
SwitchOrderConfirmationV03 *-- "1..1" SwitchExecution4 : SwitchExecutionDetails
SwitchOrderConfirmationV03 *-- "0..1" CopyInformation2 : CopyDetails
SwitchOrderConfirmationV03 *-- "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

SwitchExecutionDetails building block

Information related to a switch execution. Execution of a switch order. For comparison, see the ISO20022 official specification

classDiagram
   direction tb
%% SwitchExecution4 recursion level 0 with max 1
class SwitchExecution4{
    MasterReference IsoMax35Text
    OrderDateTime IsoISODateTime
    DealReference IsoMax35Text
    OrderReference IsoMax35Text
    ClientReference IsoMax35Text
    TotalRedemptionAmount IsoActiveCurrencyAndAmount
    TotalSubscriptionAmount IsoActiveCurrencyAndAmount
    RequestedFutureTradeDate IsoISODate
    AdditionalCashIn IsoActiveCurrencyAndAmount
    ResultingCashOut IsoActiveCurrencyAndAmount
    SettlementAmount IsoActiveCurrencyAndAmount
    CashSettlementDate IsoISODate
    SettlementMethod DeliveryReceiptType2Code
    BestExecution BestExecution1Code
    FinancialAdvice FinancialAdvice1Code
    NegotiatedTrade NegotiatedTrade1Code
    LateReport LateReport1Code
}
SwitchExecution4 *-- "0..1" InvestmentAccount21 : InvestmentAccountDetails
SwitchExecution4 *-- "0..10" Intermediary9 : RelatedPartyDetails
SwitchExecution4 *-- "1..0" SwitchRedemptionLegExecution3 : RedemptionLegDetails
SwitchExecution4 *-- "1..0" SwitchSubscriptionLegExecution3 : SubscriptionLegDetails
SwitchExecution4 *-- "0..1" PaymentTransaction26 : CashSettlementDetails
SwitchExecution4 *-- "0..0" ForeignExchangeTerms7 : ForeignExchangeDetails
%% 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
%% Intermediary9 recursion level 1 with max 1
class Intermediary9{
    OrderOriginatorEligibility OrderOriginatorEligibility1Code
    TradingPartyCapacity TradingCapacity2Code
    Role InvestmentFundRole2Code
    ExtendedRole IsoExtended350Code
}
Intermediary9 *-- "1..1" IPartyIdentification2Choice : Identification
Intermediary9 *-- "0..1" Account7 : Account
%% SwitchRedemptionLegExecution3 recursion level 1 with max 1
class SwitchRedemptionLegExecution3{
    LegIdentification IsoMax35Text
    LegExecutionIdentification IsoMax35Text
    HoldingsRedemptionRate IsoPercentageRate
    NetAmount IsoActiveCurrencyAndAmount
    GrossAmount IsoActiveCurrencyAndAmount
    CumDividendIndicator IsoYesNoIndicator
    IncomePreference IncomePreference1Code
    Group1Or2Units UKTaxGroupUnitCode
    RequestedSettlementCurrency ActiveCurrencyCode
    RequestedNAVCurrency ActiveOrHistoricCurrencyCode
    PhysicalDeliveryIndicator IsoYesNoIndicator
    NonStandardSettlementInformation IsoMax350Text
}
SwitchRedemptionLegExecution3 *-- "1..1" FinancialInstrument10 : FinancialInstrumentDetails
SwitchRedemptionLegExecution3 *-- "1..1" FinancialInstrumentQuantity1 : UnitsNumber
SwitchRedemptionLegExecution3 *-- "0..1" InvestmentAccount21 : InvestmentAccountDetails
SwitchRedemptionLegExecution3 *-- "1..1" IDateAndDateTimeChoice : TradeDateTime
SwitchRedemptionLegExecution3 *-- "1..1" UnitPrice10 : PriceDetails
SwitchRedemptionLegExecution3 *-- "0..1" IProfitAndLoss1Choice : InterimProfitAmount
SwitchRedemptionLegExecution3 *-- "0..1" TotalCharges3 : ChargeGeneralDetails
SwitchRedemptionLegExecution3 *-- "0..1" TotalCommissions3 : CommissionGeneralDetails
SwitchRedemptionLegExecution3 *-- "0..1" TotalTaxes3 : TaxGeneralDetails
SwitchRedemptionLegExecution3 *-- "0..1" FundSettlementParameters4 : SettlementAndCustodyDetails
SwitchRedemptionLegExecution3 *-- "0..1" DeliveryParameters3 : PhysicalDeliveryDetails
SwitchRedemptionLegExecution3 *-- "0..1" Equalisation1 : Equalisation
%% SwitchSubscriptionLegExecution3 recursion level 1 with max 1
class SwitchSubscriptionLegExecution3{
    LegIdentification IsoMax35Text
    LegExecutionIdentification IsoMax35Text
    NetAmount IsoActiveCurrencyAndAmount
    GrossAmount IsoActiveCurrencyAndAmount
    CumDividendIndicator IsoYesNoIndicator
    IncomePreference IncomePreference1Code
    RequestedSettlementCurrency ActiveCurrencyCode
    RequestedNAVCurrency ActiveOrHistoricCurrencyCode
    PhysicalDeliveryIndicator IsoYesNoIndicator
    NonStandardSettlementInformation IsoMax350Text
}
SwitchSubscriptionLegExecution3 *-- "1..1" FinancialInstrument10 : FinancialInstrumentDetails
SwitchSubscriptionLegExecution3 *-- "1..1" FinancialInstrumentQuantity1 : UnitsNumber
SwitchSubscriptionLegExecution3 *-- "0..1" InvestmentAccount21 : InvestmentAccountDetails
SwitchSubscriptionLegExecution3 *-- "1..1" IDateAndDateTimeChoice : TradeDateTime
SwitchSubscriptionLegExecution3 *-- "1..1" UnitPrice10 : PriceDetails
SwitchSubscriptionLegExecution3 *-- "0..1" IProfitAndLoss1Choice : InterimProfitAmount
SwitchSubscriptionLegExecution3 *-- "0..1" TotalCharges3 : ChargeGeneralDetails
SwitchSubscriptionLegExecution3 *-- "0..1" TotalCommissions3 : CommissionGeneralDetails
SwitchSubscriptionLegExecution3 *-- "0..1" TotalTaxes3 : TaxGeneralDetails
SwitchSubscriptionLegExecution3 *-- "0..1" FundSettlementParameters3 : SettlementAndCustodyDetails
SwitchSubscriptionLegExecution3 *-- "0..1" DeliveryParameters3 : PhysicalDeliveryDetails
SwitchSubscriptionLegExecution3 *-- "0..1" Equalisation1 : Equalisation
%% PaymentTransaction26 recursion level 1 with max 1
PaymentTransaction26 *-- "0..1" ICashInOrOut6Choice : CashInOrOut
%% ForeignExchangeTerms7 recursion level 1 with max 1
class ForeignExchangeTerms7{
    ToAmount IsoActiveCurrencyAnd13DecimalAmount
    FromAmount IsoActiveCurrencyAndAmount
    UnitCurrency ActiveOrHistoricCurrencyCode
    QuotedCurrency ActiveOrHistoricCurrencyCode
    ExchangeRate IsoBaseOneRate
    QuotationDate IsoISODateTime
}
ForeignExchangeTerms7 *-- "0..1" IPartyIdentification2Choice : QuotingInstitution
  

SwitchExecution4 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 SwitchOrderConfirmationV03 implementation follows a specific implementaiton pattern. First of all, SwitchOrderConfirmationV03 impleemnts IOuterRecord indicating it is the outermost logical part of the message definition. Like all message wrappers, SwitchOrderConfirmationV03Document implements IOuterDocument. Because SwitchOrderConfirmationV03 implements IOuterDocument, it is a suitable template parameter for IOuterDocument, and causes the internal ‘Message’ to be of type SwitchOrderConfirmationV03.

classDiagram
    class IOuterRecord
    SwitchOrderConfirmationV03 --|> IOuterRecord : Implements
    SwitchOrderConfirmationV03Document --|> IOuterDocument~SwitchOrderConfirmationV03~ : Implements
    class IOuterDocument~SwitchOrderConfirmationV03~ {
        SwitchOrderConfirmationV03 Message
     }
  

Document wrapper for serialization

The only real purpose SwitchOrderConfirmationV03Document serves is to cause the document to be serialized into the ‘urn:iso:std:iso:20022:tech:xsd:setr.015.001.03’ namespace. Therefore, it will probably be the usual practice to build the message and construct this wrapper at the last minute using SwitchOrderConfirmationV03.ToDocument() method. The returned SwitchOrderConfirmationV03Document value will serialize correctly according to ISO 20022 standards.

classDiagram
    SwitchOrderConfirmationV03Document *-- SwitchOrderConfirmationV03 : 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.015.001.03">
    <SwtchOrdrConfV03>
        <MsgId>
            <!-- MessageIdentification inner content -->
        </MsgId>
        <PoolRef>
            <!-- PoolReference inner content -->
        </PoolRef>
        <PrvsRef>
            <!-- PreviousReference inner content -->
        </PrvsRef>
        <RltdRef>
            <!-- RelatedReference inner content -->
        </RltdRef>
        <SwtchExctnDtls>
            <!-- SwitchExecutionDetails inner content -->
        </SwtchExctnDtls>
        <CpyDtls>
            <!-- CopyDetails inner content -->
        </CpyDtls>
        <Xtnsn>
            <!-- Extension inner content -->
        </Xtnsn>
    </SwtchOrdrConfV03>
</Document>

Data from ISO specification

This is the technical data from the specification document.

<messageDefinition
  xmi:id="_7t2ZYNE7Ed-BzquC8wXy7w_190731874"
  nextVersions="_Aab7DTbLEead9bDRE_1DAQ"
  previousVersion="_7TxshtE7Ed-BzquC8wXy7w_-1591679635"
  name="SwitchOrderConfirmationV03"
  definition="Scope&#xD;&#xA;An executing party, for example, a transfer agent, sends the SwitchOrderConfirmation message to the instructing party, for example, an investment manager or its authorised representative to confirm the details of the execution of a previously received SwitchOrder instruction.&#xD;&#xA;Usage&#xD;&#xA;The SwitchOrderConfirmation message is used to confirm that all the legs of the previously instructed switch order have been executed. The reference of the switch order confirmation is identified in DealReference.&#xD;&#xA;The reference of the original switch order is specified in OrderReference. The message identification of the SwitchOrder message in which the switch order was conveyed may also be quoted in RelatedReference.&#xD;&#xA;If the SwitchOrderConfirmation Details sequence is present more than once, then the redemption leg details and subscription leg details sequences may only be present once.&#xD;&#xA;If Switch Confirmation Order Details\Investment Account is used, then the Investment Account Details sequences in Subscription Leg Details and Redemption Leg Details are not allowed.&#xA;If the SwitchOrderConfirmation Details sequence is present more than once, then the redemption leg details and subscription leg details sequences may only be present once.&#xA;If SwitchOrderConfirmationDetails\InvestmentAccount is used, then the InvestmentAccountDetails sequences in SubscriptionLegDetails and RedemptionLegDetails are not allowed. This functionality is to be used by institutions that set up two accounts per investor, rather than one investment account.&#xA;."
  registrationStatus="Registered"
  messageSet="_wFQdsE2rEeG_I4xRYCA_7g"
  xmlTag="SwtchOrdrConfV03"
  rootElement="Document"
  xmlns:xmi="http://www.omg.org/XMI">
  <constraint
    xmi:id="_7uAKYtE7Ed-BzquC8wXy7w_513966055"
    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 SwitchExecutionDetails/InvestmentAccountDetails must be UNKNOWN."
    registrationStatus="Provisionally Registered" />
  <constraint
    xmi:id="_7uAKZdE7Ed-BzquC8wXy7w_-1326349929"
    name="OrderOriginatorEligibility4Rule"
    definition="Either SwitchExecutionDetails/InvestmentAccountDetails/OrderOriginatorEligibility or (one or more instances of SwitchExecutionDetails/RelatedPartyDetails/OrderOriginatorEligibility) may be present, but not both."
    registrationStatus="Provisionally Registered" />
  <constraint
    xmi:id="_7uAKaNE7Ed-BzquC8wXy7w_1012754356"
    nextVersions="_Aab7EzbLEead9bDRE_1DAQ"
    name="MultipleSwitchExecutionRule"
    definition="If SwitchExecutionDetails is present more than once, then SwitchExecutionDetails/RedemptionLegDetails and SwitchExecutionDetails/SubscriptionLegDetails may only be present once."
    registrationStatus="Provisionally Registered" />
  <messageBuildingBlock
    xmi:id="_7t2ZYdE7Ed-BzquC8wXy7w_602996789"
    nextVersions="_Aab7FzbLEead9bDRE_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="_7t2ZYtE7Ed-BzquC8wXy7w_1151194773"
    nextVersions="_Aab7GTbLEead9bDRE_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="_7t2ZY9E7Ed-BzquC8wXy7w_1364526959"
    nextVersions="_Aab7GzbLEead9bDRE_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="_7t2ZZNE7Ed-BzquC8wXy7w_1366376495"
    nextVersions="_Aab7HTbLEead9bDRE_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="_7t2ZZdE7Ed-BzquC8wXy7w_-1882952026"
    nextVersions="_Aab7HzbLEead9bDRE_1DAQ"
    name="SwitchExecutionDetails"
    definition="Information related to a switch execution."
    registrationStatus="Provisionally Registered"
    minOccurs="1"
    xmlTag="SwtchExctnDtls"
    complexType="_SLzuSNp-Ed-ak6NoX_4Aeg_1493111261" />
  <messageBuildingBlock
    xmi:id="_7uAKYNE7Ed-BzquC8wXy7w_738593095"
    nextVersions="_Aab7ITbLEead9bDRE_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="_7uAKYdE7Ed-BzquC8wXy7w_746903959"
    nextVersions="_Aab7IzbLEead9bDRE_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="015"
    flavour="001"
    version="03" />
</messageDefinition>

ISO Building Blocks

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