3c7And regulation s - 3C7: part of the US company act of 1940 which enables trade in securites without registration with the SEC (Securities and exchange commission) as long as the purchasers in the US are registered as qualified purchasers or accredited investors.
Regulation S:
Securities Act of 1933
Congress enacted the Securities Act of 1933 (the Truth in Securities Act" or the Federal Securities Act) 48 Stat. 74 (May 27, 1933), codified at et seq., in the aftermath of the stock market crash of 1929 ;and during the ensuing Great Depression. Legislated pursuant to the interstate commerce clause of the Constitution, it requires that any offer or sale of securities using the means and instrumentalities of interstate commerce be registered pursuant to the 1933 Act, unless an exemption from registration exists under the law. It was the first major federal legislation to regulate the offer and sale of securities. Prior to that time, regulation of securities was chiefly governed by state laws (commonly referred to as blue sky laws. When Congress enacted the 1933 Act, it left in place the patchwork of existing state securities laws to supplement federal laws in part because there were questions as to the constitutionality of federal legislation.
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License 
Abnormal remuneration - Abnormal high remunerations of the management team, linked to abnormal high departure indemnities in case of early break of the contract form an additional threath for the issuer. Abolished According to formula - The structured product is reimbursed according to a formula. 
Account - Register of financial transactions. 
Account identification 
account identity - Name or number assigned by an entity to enable recognition of that entity, eg, account identifier. AccountComments - Comments to the yearly accounts are reported by reference to a separate ledger.
In the European normalized sheme, the first digit of an account number corresponds to an accounts class.
The claas reserved for comments is the 0 class. Accounting - Accounting entities Accounting instrument - The instruments stating the rights and obligations as the consequence of a transaction. That transaction includes minimum 1 financial leg. AccountsPayable - The total of the balances of suppliers or creditors.
The totals are obtained in the balance sheet:
- by periodic transfer of the totals of the supplier accounts
- through simultaneaous posting of all details in the supplier accounts and the general ledger.(carbon copy posting)
Both methods are representations of the double posting system:in the general ledger account and in the supplier account. 
AccountsReceivable - The total of the balances of customers or debtors.
The totals are obtained in the balance sheet:
- by periodic transfer of the totals of the customer accounts
- through simultaneaous posting of all details in the customer accounts and the general ledger.(carbon copy posting)
Both methods are representations of the double posting system:in the general ledger account and in the customer account. AccountValues - Values used in the account concept. Accredited investor - Accredited investor is a term defined by various securities laws that delineates investors permitted to invest in certain types of higher risk investments acctFreezeDecease - The account is frozen due to the decease of one of the account-holders. acctFreezeDescent - The account is frozen until a descent dispute is settled acctFreezeDivorce - The reason for freezing the account is a divorce settlement acctFreezeFiscalDispute - The account is frozen until a dispute with the fiscal administration is settled. acctFreezeFiscalInvestigation - The account is frozen due to a fiscal investigation acctFreezeIncapacities - The account is frozen due to incapacity occurances with the holders or mandated persons. acctFreezeInheritance - The account is frozen to solve an inheritance dispute. acctFreezeJuridicalInvestigation - The account is frozen due to a juridical investigation acctFreezeJusticeOfThePeace - The account is frozen until a dispute before the justice of peace is settled. acctFreezeSeizure - The account is frozen due to a seizure by a juridical administration. acctFreezeWidowship - In some countries, if the holder becomes widow(er) the account has to be frozen until the legacy is settled according to the matrimonial status of the deceased. Accumulation - Income is added to the capital of the fund. Adjustable rate income - The income is adapted according to an added collateral, as mortgages and mortgage backed securities. AdministrationChannel - Channels through which the accounts can be administered and orders passed. ADR Common share - American depositary receipts.
Depositary receipts of depositary banks in the US. ADR Preference share - American depositary receipts.
Depositary receipts of depositary banks in the US. ADR Preferred share - American depositary receipts.
Depositary receipts of depositary banks in the US. 
agricultural & forestry - Agriculture and forestry underlying assets for a commodity future.
Agricultural examples: soybeans, rice, potatoes, oats, cocoa, coffee, cotton, sugar,..
Livestock and meat examples: lean hogs, pork, live cattle, ... Agriculture and forestry - Agriculture and forestry underlying assets for a commodity future. Allotment right - When a share issue is oversubscribed, the shares are allocated to the subscribers. This is often done in proportion to the subscriptions. alternate id - Unique and unambiguous identifier of a security. Alternate instrument identification - Proprietary identification of a security assigned by an institution or organisation. Aluminium - American scheme - The exercise of the option is possible from purchase date till expiration date. Amortization plan - The issuer refunds the debt following a predefined amortization plan. Amortization with call - The issuer refunds the debt following a predefined amortization plan.
The issuer has the option to call the bonds for reïmbursement at specified periods during the term of the loan. Amount - The amount of the coupon for interests. AnalyticalAccount - Accounts coupled to profit and loss accounts.
In cost-accounting the purpose is to charge the source of costs and profits to so-called cost centers and to allocate the costs and profits to costbearers. Other models of analytical accounting are possible.
In the European normalized sheme, the first digit of an account number corresponds to an accounts class.
Classes 8 and 9 are reserved for analytical accounting..Normally class 8 for the cost centers, class 9 for the class bearers.
Amounts of the profit- and loss accounts are posted simultaneously on a cost bearer. Periodically or directly, the costs are allocated to cost bearers.
The allocation key is a periodic struggle in many companies, notably in the budgetting fase of the internal departments. Announcement - An announcement with quotation effets will be made by the issuer, public authority or any other party. Asset backed debt - Structured financial product representing debts collateralized by assets such as student-loan, credit-card, auto-loan receivables or other personnal assets with exception of real estate. Assets - The assets of the entity where-off the accounting is done. Auction rate - Dividends are determined at auctions by the issuer for specific time intervals. Automobile - Back end load - A fee is paid at the sale/repurchase of the fund. BalanceSheet - The state of actif and passif. Both are divided into categories depending on the term of immobilisation.
The total of actif and passif should equal: they are in balance.
Classes 1 to 5 contain the balance sheet accounts. Bankers acceptance - A bankers' acceptance, or BA, is a time draft drawn on and accepted by a bank.
Before acceptance, the draft is not an obligation of the bank; it is merely an order by the drawer to the bank to pay a specified sum of money on a specified date to a named person or to the bearer of the draft. Upon acceptance, which occurs when an authorized bank accepts and signs it, the draft becomes a primary and unconditional liability of the bank. If the bank is well known and enjoys a good reputation, the accepted draft may be readily sold in an active market.
A bankers acceptance is also a money market instrument ; a short-term discount instrument that usually arises in the course of international trade.
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License Bankers draft - 
basket - A group of securities as entitlement.
Often the same constitution as an index. baskets - A group of securities as underlying assets.
Often the same constitution as an index. BDF - Banque de France. Bearer - The financial instrument does not specify any registration of ownership, and is payable to whomever possesses the certificate. Bearer and registered - A person can bear the financial instrument.
The security is registered with the local securities control authority. Belgian - Identifier for Belgian securities. BeneficialOwnerCapital - The members of the arrangement are all beneficial owners of the capital from economical and fiscal viewpoint.
The application of this status is for capital operations, including entitlements linked to the equity capital. Example subsciption rights. BeneficialOwnerIncome - The members of the arrangement are all beneficial owners of the income from economical and fiscal viewpoint.
The application of this status is for interest and dividend operations, including entitlements linked to the income. Example: optional dividends. stock dividends, ... beneficiary date - The date from which the financial instrument generates income. Bermuda scheme - Options which can only be exercised during a certain period of their life. (source FEF) Bloomberg - Identifier of a security assigned by the Bloomberg organisation. BNB - Belgian National Bank Bond - A financial instrument proving the receivable of a principal sum and eventually periodic interest payments. Bond holding unit - The unit consists of bond and other stock Bond with warrant - Bond with the warrant still attached, meaning that the time to allow to subscribe to the shares is not yet reached. broker - The person or entity acting on the market on behalf of the holder or issuer. C-Cash - The delivery of the sales contract is done in cash, not in kind. C-Closed end - The sharecapital of the fund is fixed and closed. The shares can normally be traded on the stock exchange.
The value of the shares is the result of offer/demand ratios.
Synonyms: The fund is called closed-end companies in the US. Cadmium - Call option - The right to buy the underlying value. Capital share - Securities sharing the appreciation or depreciation of the investment portfolio.
This in investment vehicles which do not pay out revenues. capitalization - The capitalization method of the interests of the bond. Capitalization rate - If the interest is not cashed, the coupon bears an interest which can differ from the facial interest rate. This rate is entered here. CapitalizationType - The posibilities to capitalize interests of loans Card - Electronic money product that provides the cardholder with a portable and specialised computer device, which typically contains a microprocessor. card data - card issuer id - Party that issues a payment card, as expressed by a numeric identification of the card issuer according to
ISO/IEC 7812-1. card number - Number embossed on a card that links the card to the account owner and account servicer. card type - Type of payment card Cash account - The register of the rights and obligations with respect of the disposal of liquidities. Cash Account - Cash Account cash account type - Type of cash account for funds transactions cash correspondent - Financial institution that executes cash transfers on behalf
of its clients. CashAccountsAndCards - Entities managing the cash accounts and cards. CBMS - Commercial Mortgage Backed Securities.
Promise to pay back an amount with commercial real estate mortages as collateral rather than residential real estates.
The prepayment risk is lesser than with MBS-bonds. Certificate of deposit - A negotiable instrument issued by a bank and payable to the bearer. CDs pay a stated amount of interest and mature on a stated date, but may be bought and sold daily in a secondary market.
Copyright 2005 UNODC - United Nations Office on Drugs and Crime. channelBackOfficeInterfaces channelInstitutionalBanking channelMerchantBanking channelPhoneBanking channelPrivateBanking channelRetailOffices channelWebBanking Cheque - Chromium - Classification of Financial Instruments - Proprietary classifications based on ISO 10962 extended by the US codes, ISO 20022 and proprietary schemes. ClientAccountPosition - The position of financial instruments in the account ClientAuthorization - The members of the arrangement are granted rights on the accounts they are linked to.
These rights can be rights of disposal or rights of management of the account-holdings ClientAuthorizationDisposal - Authorization to dispose over the client's holdings.
The authorized person is allowed to transfer holdings to third party and to his own accounts. ClientAuthorizationManagement - Authorization to manage the client's holdings.
The authorized person is not allowed to transfer holdings to third party or to his own accounts. ClientCashAccount ClientPortfolio - The clients of the financial institution for whom's account the securities handling operations are performed. ClientRiskProfile - Examples of risk occurences:
- Customer area
If the customers are subject to purchase power reductions, the consequence is:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Producer area
If the producers are subject to reduced purchase power, the purchases become more expensive:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Issuer area
Reduced purchase power with the issuer means his foreign holders will be more expensive to compensate for the reduced power.
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term ClientRiskSymptom - Customer market risks on which a risk profile is based. ClientSecuritiesAccount ClosedOrOpenEndFund - Indicates whether the sharecapital of a mutual fund is open or closed to new investors after the startup of the fund. CMO - Collateral Mortgage Obligation.
The CMO is a separate entity of the mortgage debt financial institution.
The CMO is holder of a pool of morgage debts.
The CMO issues debt certificates, bonds, on his turn with the mortgages as collateral.
The bonds are called classes or tranches.
The distribution of the collaterals over the bonds is called the structure.
The whole of the setup is called the deal. Cobalt - Cocoa - Coffee - Collateralized obligation - The credit risk is differentiated amongst subsequent tranches.
The senior tranche could get a AAA rating, the mezzanine tranches get a lesser rating, the stock tranches don' t get one eventually.
CBO: collateralized bond obligations
CDO: collateralized debt obligations
CLO: collateralized loan obligations Collateralized obligations - Collectable - In the process of collecting commercial - Commercial mortgage - Commercial paper - Short-term promissory notes with a reimbusement time of less than 270 days Commercial real estate - Real estate with commercial activities as main purpose CommercialBanking - Contact points for small and middle sized incorporated customers CommercialNetwork - Network of commercial customer contacts commodities underlying assets - commodity - Commodity cost decrease - If the commodity costs decrease, the costs of collaterals increase and the underlying assets of derivatives become less worth, thus:
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the commodity costs decrease, the underlying values become less worth, thus:
- prices, thus valuation is lowered Commodity future - The underlying assets are comodities Commodity future_1 - Commodity referential - The assets traded refer to commodities. CommodityCostRiskProfile - Examples of risk occurences:
- Producer area
If the commodity costs increase, the costs of production are increasing, then:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Issuer area
If the commodity costs decrease, the costs of collaterals increase and the underlying assets of derivatives become less worth, then:
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Holder area
If the commodity costs decrease, the underlying values become less worth, then:
-- prices, thus valuation is lowered CommodityCostRiskSymptom - Commodity cost symptoms on which a risk profile is based. CommodityUnderlyingAsset - Shows the assets which are underlying to a commodity derivative. Common identification - Identifier of securities issued in Luxembourg. The common code is a 9-digit code that replaces the CEDEL (Clearstream) and Euroclear codes. common name - Common denomination of the instrument. Common share - Normal ownership rights of a company or a limited partnership. Common share - Other than preferred shares not classifyable in sybling classes. Common share class - Common shares can be divided into classes according to the rights of their holders.
Shares of class A or B for instance could give rise to different rights. Common share serie - Shares with common characteristics from voting and dividend point of view. Common unit - Different classes of securities traded as a unit: eg x shares and y warrants. Comodity cost increase - If the commodity costs increase, the costs of production are increasing, thus:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Compliance - Entities which safeguard the compliance with legislation, regulation and reputational risk matthers. composite:child - The object is the child of the subject. composite:index - The index of the subject among its siblings. Note that this could in principle take arbitrary numbers (including floats). We recommend using xsd:ints starting at 0. composite:parent - The object is the parent of the subject. Conceited management - The management did not learn from errors in the past since there were no lessons to learn. concentrator - Party that acts as an aggregator of funds, also called funds hub (combine). 
concernsFinancialInstrument - The right side of the relation concerns the financial instrument where-off the position is registered. This is represented through an individual of the class FinancialInstrument Consumer credit - Loans collateralized by cars, other consumer goods Contingent right - Right to an indemnity if the average price of a security does not reach a certain level before a pre-defined date.
The right has no value is the average level is reached or superseded. Converted bond - The bond issue is fully converted into shares. Convertible bond - A bond which can be converted into shares of the issuer during a pre-defined period of time. Convertible preference shares - Also called convertible junior preferred stock
Preference shares which can be converted into common stock
These shareholders are entitled to one or more of:
- a fixed dividend to be paid before any other dividend
- a preferred treatment when liquidating the company
- increased voting rights
The ranking of priority is:
1 Preferred shares or senior preferred stock
2. Preference shares or junior preferred stock
3. Commmon shares Convertible preferred share - Also called convertible senior preferred stock.
These shareholders are entitled to one or more of:
- a fixed dividend to be paid before any other dividend
- a preferred treatment when liquidating the company
- increased voting rights
The ranking of priority is:
1 Preferred shares or senior preferred stock
2. Preference shares or junior preferred stock
3. Commmon shares Convertible share - The holder can convert the shares into common shares during certain periods in time. convertion of bond - The shares can be obtained by convertion of bonds, represented on the right side of the relation. Copper - CorporateAction - Entity in charge of handling the corporate actions.
These corporate actions include:
- interest payments;
- reimbursements;
- optional-, stock-, cash dividend payments;
- recouponing;
- splits;
- mergers;
- squeeze outs,... CorporateBanking - Contactpoints for large corporation customers Cotton - coupon data properties - Data property relations with Coupon individuals on the left side Coupon date - The coupon date for interests. Coupon Ex-date - Date at which the financial instrument quotes ex this coupon. The quotation prices do not include anymore the amount entitled to the coupon. Coupon number - The couponnumber for equities. Covered warrant - Covered warrants are traded on the same markets as the linked equity which they give the right to buy. Retail investors are more confident in buying and selling them. Credit - Entities managing the credits. Credit card - Card where the holder has been granted a line of credit. The card enables the holder to make purchases and withdraw cash up to a pre-arranged ceiling. Credit card receivable - Credit card receivable - Loan backed by a credit card receivable. Credit instrument - Crude oil - CTA - Identifier of a security assigned by the Consolidated Tape Association. Cummulative fixed rate - The owners of preferred shares get a fixed income per share or per facial value or per issue value before any payment of regular dividends to the regular shareholders.
If in year there are not sufficient revenues to compensate for the fixed income of preferred stock holders, the right is carried forward to any year where the payment becomes possible. Cumulative participating income - The owners of preferred shares share the benefits above a treshold with the owners of regular shares.
If in any year there are not sufficient revenues to compensate for the fixed income of preferred stock holders, the right is carried forward to any year where the payment becomes possible. currencies - An amount in currencies as underlying asset. currency - An amount in currencies as entitlement. Currency referential - The assets traded refer to foreign currencies. CurrentAssets - Assets which are frozen for less than 1 year. CUSIP - Committee on Uniform Securities and Identification Procedures (CUSIP). The standards body that created and maintains the securities classification system in the US. The CUSIP is composed of a 9-character number that uniquely identifies a particular security. Non-US securities have a similar number called the CINS number. custodian - An entity which undertakes the safekeeping and administration of securities and other financial assets on behalf of others.
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website. Customer CustomerReferential - Entities managing the customer referential systems D-Dividend - Fiscal nature dividend as income for structured products. Damage to the reputation - If the reputation of the producer is at risk, e.g. child labour in shoe manufacturies, this means:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the reputation of the issuer is at risk, e.g. anti-trust investigations, this means:
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the reputation of the holder is at risk, e.g. mafia connections of major shareholders, this means:
- less demand for the stock
- prices, thus valuation falling data provider - The party providing the securities handling organization of financial instrument data, data on corporate actions and eventually on exchange prices. dc:contributor - An entity responsible for making contributions to the resource. dc:coverage - The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant. 
dc:creator - An entity primarily responsible for making the resource. dc:date - A point or period of time associated with an event in the lifecycle of the resource. dc:description - An account of the resource. dc:format - The file format, physical medium, or dimensions of the resource. dc:identifier - An unambiguous reference to the resource within a given context. dc:language - A language of the resource. dc:publisher - An entity responsible for making the resource available. dc:relation - A related resource. dc:rights - Information about rights held in and over the resource. dc:source - A related resource from which the described resource is derived. dc:subject - The topic of the resource. dc:title - A name given to the resource. dc:type - The nature or genre of the resource. Debenture - A formal promesse to pay. Debet instrument - Debit card - Card enabling the holder to have its purchases directly charged to its account. The card may also combine other functions, eg, cash card or cheque guaranteed card. debt instrument - Commercial or government paper [e.g., bonds] as entitlement.
Example German state debts and US T-bills. Debt instrument - A formal promise to repay a debt and eventually interests. Debt linked - The owners of preferred shares get an income per share or per facial value or per issue value before any payment of regular dividends to the regular shareholders. The income is linked to a category of debt. Exemple Treasury bill rates at 3 months. debts - Commercial or government paper [e.g., bonds] as underlying assets.
Example German state debts and US T-bills. Delayed deliveries - Delayed deliveries damage the image of the producer/issuer with as consequence:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Delivery - The delivery term of the derivative. delivery form - How the underlying assets should be delivered. Dematerialize from - The date from which the dematerialization operation starts. Democracy level is decreased - Political dictatures have a decreasing purchase power as consequence:
- less demand for the products
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Depositary receipt common share - Receipt issued by a depositary bank against receipt of common shares. Depositary receipt preference share - Receipt issued by a depositary bank against receipt of preferred shares. Depositary receipt preferred share - US-CFI code Y Derivative holding unit - The unit consists of derivatives and/or other stock. E.g. Option spreads, straddles,... Derivative instrument - Instrument whereof the value is derived from other assets Diamonds - Distribution - The distribution of benefits of funds. distributor - Party that act as an wholesaler of funds. DNB - De Nederlandse Bank Domestic - The targetted public are residents of the same country or currency zone of the issuer. domestic identification source - Country of the proprietary identification scheme. Dutch - Identifier for Dutch securities. Early redemption - The redemption finished earlier than at expiration date of the loan EconomicSectorRiskProfile - Examples of risk occurences:
- Producer area
If the commodity costs increase, the costs of production are increasing, then:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Issuer area
If the commodity costs decrease, the costs of collaterals increase and the underlying assets of derivatives become less worth, then:
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Holder area
If the commodity costs decrease, the underlying values become less worth, then:
-- prices, thus valuation is lowered EconomicSectorRiskSymptom - Economic sector symptoms on which a risk profile is based. EDR Common share - European depositary receipts.
Depositary receipts issued by European banks. EDR Preference share - European depositary receipts.
Depositary receipts issued by European banks. EDR Preferred share - European depositary receipts.
Depositary receipts issued by European banks. Electricity - End of Transaction - The purpose for which the instrument has been created ended. Energy cost increase - If the energy costs increase, the costs of production are increasing, thus:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term EnergyCostRiskProfile - Example of risk occurence:
- Producer area
If the energy costs increase, the costs of production are increasing, then:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term EnergyCostRiskSymptom - Energy cost symptoms on which a risk profile is based. Enhanced vote - Enhanced rights for the share: more than 1 vote for each share. Entitlement instrument - Detachable prove of entitlement to interests, dividends, compensation or other rights.
For bearer securities the coupon has to be detached or clipped and cashed at coupon date or at the announced dividend payment data.
Coupons can, if they represent rights like subscription or attribution rights be traded separately during a certain period.
In that case they are considered as a separate financial instrument and not an attached coupon. equities - Equities are the underlying assets equity - Equities are the entitlements Equity instrument - The formal representation of ownership interest of a company or similar entity.
Depending on the company act and the legislation of the country of incorporation this ownership shall give right to:
- participation in the benefits
- voting rights
- part of the assets, normally valued in currency, in case of liquidation of the company Equity linked - The owners of preferred shares get an income per share or per facial value or per issue value before any payment of regular dividends to the regular shareholders. The income is linked to a basket of shares. Escrow receipt - An escrow receipt is the prove of receipt of assets by an escrow agent.
The escrow agent keeps in trust the assets until a contingency or obligations are met. Ethanol - Eurobond - The targetted public has a different residence than the issuer and the currency is different from the issuer's country European scheme - The exercise of the option is only possible a few days before expiration date. Exchange - The reïmbursement is optionally done by exchanging the bonds with stock from a third company.
The difference with the convertible bond is that the company is a third one, not the issuer, and the option is with the issuer. Exchangeable - The holder of the preferred share has the option to exchange his preferred shares, during a predefined period, against common shares of a different corporation. Exchangeable extendible - The holder of the preferred share has the option to exchange his preferred shares, during a predefined period, against common shares of a different corporation.
The preference treatment is lenghtened in time.
Example: if a fixed dividend is paid to the preferred shares before any other dividend payment,
if the benefits of the year do not allow the payment of such preference dividend,
then the preferred dividends shall be paid from the later benefits, as soon as the profits permit the payment. And this before any oither dividend payment. Exchangeble - Exchangable into another instrument. ExchangeRateRiskProfile - Examples of risk occurences:
- Customer area
If the value of the customer’s currency depreciates against the producer’s currency, this means:
-- a more expensive product
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Producer area
If the value of the producer’s currency appreciates against the customer’s currency, this means :
-- a more expensive product
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Issuer area
If the value of the issuers currency depreciates against the holder’s currency, this means :
-- less revenues in holder’s currency
-- lower stock quotes because of the needed rentability uplift
- Holder area
If the value of the holder’s currency appreciates against the holder’s currency, this means :
-- less revenues in holder’s currency
-- lower stock quotes because of the needed rentability uplift ExchangeRateRiskSymptom - Exchange rate symptoms on which a risk profile is based. Expired warrant - The right represented by the warrant cannot be exercised any more expiry date - Year and month the card expires. Export embargo - If the products cannot be exported to certain customers, this means:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term extended type - Purpose of the account/source fund type. This is typically linked to an investment product, eg, wrapper, PEP, ISA. ExtendedProposition Extendible - The preference treatment is lenghtened in time.
Example: if a fixed dividend is paid to the preferred shares before any other dividend payment,
if the benefits of the year do not allow the payment of such preference dividend,
then the preferred dividends shall be paid from the later benefits, as soon as the profits permit the payment. And this before any oither dividend payment. ExternalRisk - External risk Extraction resource - Extraction resources as underlying assets for a commodity future. extraction resources - Extraction resources as underlying assets for a commodity future.
Examples of energy extraction resources: Crude oil, natural gas, propane, uranium.
Examples of precious metals: gold, silver, platinum, palladium.
Examples of rare metals: Cadmium Cobalt Chromium Germanium Magnesium Manganese Molybdenum Rhodium Selenium Silicon Titanium Tungsten Vanadium Wolframite Extremely high direct stock price impact Extremely high indirect stcok price impact Extremely high profitability impact Extremely high solvability impact facial currency - The financial instrument is expressed in the currency. fees market side - The fiancial instrument is subject to safekeeping fees raised by the custodians of the financial institution offering the securities handling services. fees street side - The fiancial instrument is subject to safekeeping fees raised by the financial institution offering the securities handling services. final agent - Financial institution that receives the payment transaction on behalf of an account owner, or other nominated party, and credits the account. financial advisor - Party that supplies information and advice on investment products. Financial future - The underlying assets are other financial instruments Financial underlying asset - financial underlying assets - Shows the assets which are underlying to a financial future or option. FinancialInstrument - The securities or combination of securities in the scope of this ontology. first agent - Financial institution that receives the payment transaction from the account owner, or other authorised party, and processes the instruction. fiscal agent - The party fulfilling the fiscal obligations of the issuer in the country of issuance. Example retaining the necessary prepaid taxes from income payments, reporting on operations to the local tax authorities.
The country of residence of the issuer is thus normally different form the country of issuance.
This tasks is often fullfilled by custodians. FiscalRiskProfile - Examples of risk occurences:
- Customer area
If the customer has to pay more taxes, his consumption is reduced with those directly or indirectly :
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Producer area
If there are tax increases on the profits of producers, e.g. ruling is abolished:
-- less profit by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Issuer area
If there are tax increases on the activities of issuers, e.g. stock market tax:
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Holder area
If the fiscal pressure on stock increases, e.g. through higher prepaid tax rates, this means:
-- less net profit for the holder
-- less demand for the stock
-- prices, thus valuation falling FiscalRiskSymptom - Fiscal symptoms on which a risk profile is based. Fixed annuity - Fixed amount payd per year. Is commonly paid in respect of an insurance contract.
The annuitites are paid during a number of years or until the death of the beneficiary.
The annuities are earned by payments made in the past or by a one time payment. Fixed maturity - The loan is only refundable at maturity date as a one time payment. Fixed maturity with call - The loan is refundable at maturity date as a one time payment.
The issuer has on top of that the right to call upon the bonds for global reïmbursement at predefined periods before maturity date. Fixed maturity with put - The loan is refundable at maturity date as a one time payment.
The holder of the debt instrument can call the issuer of the bond to repurchase, mostly at par, at specified times. Fixed maturity with put call - The loan is refundable at maturity date as a one time payment.
The holder of the debt instrument can call the issuer of the bond to repurchase, mostly at par, at specified times.
The issuer has on top of that the right to call upon the bonds for global reïmbursement at predefined periods before maturity date. Fixed rate - The interest rate is fixed during the term of the loan. Fixed rate income - The owners of preferred shares get a fixed income per share or per facial value or per issue value before any payment of regular dividends to the regular shareholders. Fixed to float - The interest rate is fixed during a certain period, adjustable during a next period of the loan term. FixedAssets - Investments which are fixed for 1 year or more. Floating - The interest rate is periodically adjustable to market conditions. Synonym with variable rate. Floating rate income - The quarterly dividend varies according to a published formula.
The validity of the dividend is determined for a vaying defined period. Foreign - The targetted public are residents of other countries than the resident's residency. ForeignFiscalApplication - The application of foreign fiscal tax withholdings Form - The forms of financial instruments. form - The forms of financial instruments. Form 3C7 and 144A - 3C7: part of the US company act of 1940 which enables trade in securites without registration with the SEC (Securities and exchange commission) as long as the purchasers in the US are registered as qualified purchasers or accredited investors.
144A: Securities reserved to large institutional investors and registered with the SEC (Securities exchange commission). Form144A - Securities reserved to large institutional investors and registered with the SEC (Securities exchange commission). Forward - A sales contract concluded today to be executed at a later date.
The price and assets are fixed at contract date.
Contrary to futures contracts forwards are not negotiatable since they are concluded between fixed parties. Forward term - The sales and purchase occur at a specified time in the future. fraction - The security has another financial instrument as fraction, represented by the right side of the relation. Front end load - A fee is paid at the purchase/subscription of the fund. Fully paid - The shares are fully paid. Fully paid no par - The shares are fully paid but not at par value. Fully paid par value - The shares are fully paid at par value. fund accountant - Party that keeps accounting records of the available assets and liabilities of the fund. This party calculates deal prices, the Net Asset Value (NAV) of the fund, and may provide fund performance and tax data. fund broker - Party acting as an intermediary agent between an investor and a transfer agent for the subscription or redemption to a fund. Fund cash account type - Type of cash account linked to fund transaction. fund end - Indicates whether the sharecapital of a mutual fund is open or closed to new investors after the startup of the fund. Fund holding unit - The unit consists of funds and other stock fund management company - Party that sets up a fund, decides upon the investment strategy, appoints agents, and is responsible for the promotion and the marketing of the fund. This party makes all the strategic decisions related to a fund. Funds - Share- or participation instruments in a common investment fund fungible - Indicates whether the instrument is individualised or interchangeable. Future instrument - A future is a salescontract concluded or purchased now, to be executed in the future.
The execution elements to be fullfilled at expiration date are:
- delivery of the underlying (or compensation for the price difference contract date/delivery date)
- payment of the price futures - Futures contracts as underlying assets. GDR Common share - Global depositary receipts.
These depositary receipts are issued by a depositary bank to issue or trade paper on 2 markets simultaneously. GDR Preference share - Global depositary receipts.
These depositary receipts are issued by a depositary bank to issue or trade paper on 2 markets simultaneously. GDR Preferred share - Global depositary receipts.
These depositary receipts are issued by a depositary bank to issue or trade paper on 2 markets simultaneously. General obligation bond - The principal and interest payments to the bond holders are guaranteed by the municipality. generic card - genericAntiMoneyLaunderingUnit - The unit which performs investigations on client integrity risks and provides advice to the requestors on the opportunity of client relations. genericBranchInstitutionalBanking genericBranchMerchantBanking genericBranchPrivateBanking genericBranchRetailBanking genericClientPortfolio1 genericClientPortfolio2 genericClientPortfolio3 genericEntityAccounting genericEntityCashAccountsAndCards genericEntityCorporateAction genericEntityCredit genericEntityCustomerReferential genericEntityGlobalMarkets genericEntityPrimaryMarket genericEntityReferentialSystems genericEntitySecundaryMarkets genericFinancialInstrument2 - Test security 2: financial instrument exemple data and properties. genericNostroCashAccount1 genericNostroCashAccount2 genericNostroSecuritiesAccount1 genericNostroSecuritiesAccount2 genericProfile0 genericSavingBond - Test security 1: financial instrument exemple data and properties. genericVostroCashAccount1 genericVostroCashAccount2 genericVostroSecuritiesAccount1 genericVostroSecuritiesAccount2 geo:altitude - The WGS84 altitude of a SpatialThing (decimal meters
above the local reference ellipsoid). geo:latitude - The WGS84 latitude of a SpatialThing (decimal degrees). geo:location - The relation between something and the point,
or other geometrical thing in space, where it is. For example, the realtionship between
a radio tower and a Point with a given lat and long.
Or a relationship between a park and its outline as a closed arc of points, or a road and
its location as a arc (a sequence of points).
Clearly in practice there will be limit to the accuracy of any such statement, but one would expect
an accuracy appropriate for the size of the object and uses such as mapping .
geo:longitude - The WGS84 longitude of a SpatialThing (decimal degrees). 
geo:point -
Uniquely identified by lat/long/alt. i.e.
spaciallyIntersects(P1, P2) :- lat(P1, LAT), long(P1, LONG), alt(P1, ALT),
lat(P2, LAT), long(P2, LONG), alt(P2, ALT).
sameThing(P1, P2) :- type(P1, Point), type(P2, Point), spaciallyIntersects(P1, P2).
geo:SpatialThing - Anything with spatial extent, i.e. size, shape, or position.
e.g. people, places, bowling balls, as well as abstract areas like cubes.
Germanium - global custodian - A custodian which provides its customers with custody services in respect of securities traded and settled not only in the country in which the custodian is located but also in numerous other countries throughout the world.
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website. GlobalMarkets - Entities managing global market transactions Gold - Government agency - Secured by a government or a government agency.
The USA and agencies as Ginnie Mae, Fannie Mae and Freddie Mac are examples. Government treasury - Secured by the governement treasury.
A government treasury is the office issuing Treasury bills, notes and bonds for account of a government. Granularity - Spread of the timeslices granularityDays granularityHours granularityMilliseconds granularityMinutes granularityMonths granularitySeconds granularityWeeks granularityYears gross amount - Amount of money used to derive the quantity in units, including all charges,
commissions, and tax. Growth fund - The dividends are accrued or reinvested, is thus comprised in the trading price and not paid out guarantee - Party who will take on the obligations of reïimbursement of principal and/or interests in case the issuer fails in these obligations.
The guarantee is normally subject to conditions. Guarantee - The type of guarantee linked to debt and similar instruments. guarantee type - The type of guarantee linked to debt and similar instruments. Guaranteed - The interest and principal payments are secured by a third person/entity. handling authorized - The information on the financial instrument is sufficient and reliable enough to allow handling of the instruments and the corresponding corporate actions. has as part - The index, has as parts the financial instruments represented by the right side of the relation.. has available units - The units in which a transaction can be expressed for the security has entitlement - The security can be obtained by exercising the right, represented by the right side of the relation. has old ISIN - The financial instrument had previously the ISIN number has restricted version - The restricted version of the financial instrument has scrip - After the exercise period, a right can continue quotation on the market in the form of a scrip.
The financial instrument has as scrip for entitlement the financial instrument represented on the right side of the relation. has taken over - The issuer of the financial instrument has taken over the issuer of the financial instrument represented on the right side of the relation. has underlying assets - Shows the assets which are underlying to a derivative. has underlying value - Has as underlying value another financial instrument represented on the right side of the relation. has warrant - The financial instrument has as warrant to subscribe to the financial instrument the individual on the right side of the relation. hasAccessToChannel - The organisational entity has access to channels represented by instances of the class ValuePartition - AdministrationChannel hasAccountDomain - The left hand side of the relation has individuals of the class Account as role, the right hand side refers to individuals of other classes. hasAccountRestrictionReason - Client accounts, Nostro or Vostro accounts as well as the principal's general ledger accounts can be restricted for many reasons. These possible reasons are found as individuals of the class ValuePartition - AccountValues - ReasonForAccountFreeze 
hasAddress - The value of the address. hasAMutualRelationWithInstrument - Both, individuals representing the right and individuals representing the left side of a relation, are members of the Security class. hasAsPrincipal - A property of the Account class is the principal for whom the accounts are kept. The reference to the possible principals is found in Party-PartyPrincipal. hasAuthorizedPartyForDisposal - Authorization to dispose over the account's holdings.
The authorized person is allowed to transfer holdings to third party and to his own accounts.
Only client accounts are involved in thie left side of the relation.
The reference to authorized party individuals is found in class Party - PartyClientArrangement - PartyAuthorizedPerson. hasAuthorizedPartyForManagement - Authorization to manage the client's holdings.
The authorized person is not allowed to transfer holdings to third party or to his own accounts.
The involved left hand side can be a client account, a NOSTO or VOSTRO account or a principal's general ledger account.
The reference to authorized party individuals is found in class Party - PartyClientArrangement - PartyAuthorizedPerson. hasClientPortfolioBeneficialOwnerCapital - The reference to beneficial owners capital of the financial instruments deposited in account is found in the individuals of class Party - PartyClientArrangement - PartyHolder hasClientPortfolioBeneficialOwnerIncome - In some countries the parents have the legal usufructuary of the income of their children.
The reference to beneficial owners capital of the financial instruments deposited in account is found in the individuals of class Party - PartyClientArrangement - PartyHolder or PartyUsufructuary or PartyLegalRepresentative hasContactDomainForData - The left hand of the relation has individuals of the class Contact as role, the right hand side refers to literal values. hasContactPerson - The person appointed as contact according the modalities found in the contact class.
The reference to the individual contact persons is found in class Party, any subclass included. hasFinishTime - The end date and time of the period hasFormMaterialized - The financial instrument is available under material form. hasInterval - The interval according which documents are produced and sent to the indicated address. The granularity of the interval is a separate object property, part of contact. hasInvolvedParty - The financial instrument on the left side of a relation has as involved party the party represented by an individual on the right side of the relation. hasPositionDomain - The left side of the relations will be Nostro-, Vostro- and ClientAccountPosition hasPositionRelation - The left hand side of the relation has individuals of the classes VostroAccountPosition, ClientAccountPosition and NostroAccountPosition as role, the right hand side refers to individuals of other classes. hasProfileValidityPeriod - The period during which the risk profile is valid is found in individuals of class Temporal - ValidTime - ValidPeriod hasRestrictionReason - Each position in the principal's customer account can be frozen for different reasons. Those reasons are found as individuals of the class ValuePartition - ReasonForPositionFreeze hasRiskArea - The area where the risk finds his source through reference to individuals of: parties, countries, activity sectors,... hasRiskImpact - The risk impact evaluation of the risk profile through reference to members of class Risk - ExternalRisk - ImpactOfRiskOccurence hasRiskProbability - The probability of the risk occuring through refence to individuals of class Risk - ExternalRisk - ProbabilityOfiskOccurance hasRiskProfileDomain - The left side of the relations are individuals of class Risk - ExternalRisk - RiskProfile hasRiskSymptom - The symptoms of the existance of the risk through refence to individuals of class Risk - ExternalRisk-RiskSymptom hasRiskSymptomSource - The source, communicataion, publication,... on basis of which the existance of the symptom is reported. hasStartTime - The start date and time of the period. hasStatisticalReportingCode - Lots of reporting is done to the national authorities where the principal is situated. Example the National benk for statistical reporting.
The rubriques in the reporting correspond to the present code. hasTemporalDomain - The domain of the underlying relations is Temporal or a subclass of Temporal hasTemporalDomainForData - Data property relations with Temporal individuals on their left side hasTemporalRangeRelation - The right hand of the relation has individuals of the class Temporal as role, the left hand side refers to individuals of other classes. hasTime - The date and time identifying the instant. hasTimeGranularity - The width of the time slices is found as individuals of class Temporal - Granularity hasValidityInstant - The instant at which the information on the individual is valid.
Reference to the validity instant is found in class Temporal - ValidTime - ValidInstant hasValidityPeriod - The period for which the information on the individual is valid.
Reference to the validity period is found in class Temporal - ValidTime - ValidPeriod hasValidTime hasValuationMarket - The market where the valuation occured is referenced by individuals of class ValuePartition - ISO codes - ISO10383-Market IdentifierCodes. hasValuationTime - The time at which the left hand side position is valuated.
Reference is made to individuals of class Temporal - ValidTime - ValidInstant. hasValuePartitionDomain Hedge fund - Hedge fund account HEL - A Home Equity Loan is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home equity loan creates a lien against the borrower's house, and reduces actual home equity.
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License. High direct stock price impact High indirect stock price impact High profitability impact High risk probability High solvability impact Higher fiscal pressure - If the customer has to pay more taxes, his consumption is reduced with those directly or indirectly :
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If there are tax increases on the profits of producers, e.g. ruling is abolished:
- less profit by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If there are tax increases on the activities of issuers, e.g. stock market tax:
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the fiscal pressure on stock increases, e.g. through higher prepaid tax rates, this means:
- less net profit for the holder
- less demand for the stock
- prices, thus valuation falling HighProfitabilityImpact HighRiskProbability HighSolvabilityImpact HighStockPriceImpact holder name - Party entitled by a card issuer to use a card. holdings redemption rate - Portion of the investor's holdings, in a specific investment. Home equity - I-Interest - Fiscal nature interest as income for structured products. identification values - The identification of the financial instrument Ideology with tradition of failing economy - Political parties can have a tradition in halting economic development of the nation:
- less demand for the products
- less profit by the issuer in the short term
- less solvability by the issuer in the long term IDR Common share - International depositary receipts.
Depositary receipts from non-US banks of equities.
Allows trade on the local markets of those receipts. IDR Preference share - International depositary receipts.
Depositary receipts from non-US banks of equities.
Allows trade on the local markets of those receipts. IDR Preferred share - International depositary receipts.
Depositary receipts from non-US banks of equities.
Allows trade on the local markets of those receipts. Ignorance about the business - Ignorance of the underlying business model and technicality of the producer or issuer.
Decisions are taken without sufficient knowledge of the context. ImpactOfRiskOccurence Import embargo - If the products are subject to e.g. an import embargo:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Import restriction - The markets in the scope are the export markets of the issuer or the producer’s.
If the products are subject to e.g. an import restriction, the target is to reduce the share of imported products on the local market with as a consequence:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Impossible income distribution - The distribution of benefits of funds. Income Distribution - Income is distributed to the investors in the fund.(ISO20022) Income fund - A maximum of the received income in the fund is paid out. Income nature - The fiscal nature of income of hybrid or structured instruments. income nature - The fiscal nature of income. Income right - Detachable coupons: coupons having reached the ex-date and payable or capitalized. income tax exempt - Some financial instruments are exempted from taxes in the country of the emittor.
Such is f.i. the case for Eurobonds. The targetted public for Eurobonds is always outside the country of residence of the issuer. Incomplete data - The instrument data is incomplete Increasing rate - The interest rate is periodically increased during the term of the loan. Index linked - The owners of preferred shares get an income per share or per facial value or per issue value before any payment of regular dividends to the regular shareholders. The income is linked to an index. Example CAC-40. Index referential - The assets refer to stock indices. Industrial product - Industrial products as underlying assets for commodity futures. industrial products - Industrial products as underlying assets for commodity futures.
Examples of industrial metals: aluminium, copper, lead, zinc, tin, aluminium, nickel, recycled steel.
Other examples: ethanol, rubber, palm oil, wool, polypropylene, polyethylene. Inflation indexed - The interest rate is periodically indexed according to the inflation rate. InlandFiscalApplication Installment receipt - US-CFI code I InstitutionalBanking - Contactpoints for institutional customers Instrument - InstrumentStatus - Reflects the general status of the instrument with respect of the trading possibilities, corporate actions possibilities,... Insurance - Insurances linked to the holdings in securities account.
Exemple accident insurance which covers an amount in case of death of the valuation in securities account. Eventually wiht a maximum and minimum amount. Insurance policy - Insurance policies, mostly life insurances. Interest rate - Government and private interest rates, mostly short term as underlying assets. Interest rate referential - The assets traded are rights to borrow at a specified interest rate. interest rates - Interest rates as underlying assets. Interest ratings linked - The interest is linked to the quality rating of the issuer. interest type - The calculation method of the interest on debt- and similar instruments. InterestRateRiskProfile - Examples of risk occurences:
- Customer area
If the customer has to pay more interests for credits, his consumption is reduced with direct or indirect :
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Producer area
If the producer has to pay more interests for credits, his profitability is reduced, meaning:
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Issuer area
If the market interests rise in the issuer’s area, the issuer has to provide a higher rentability too, meaning:
-- less solvability by the issuer in the long term
- Holder area
If the market interests rise in the holder’s area, the rentability of the current investments lowers.
-- to keep the rentability uplevel, the underlying value is lowered. InterestRateRiskSymptom - Interest rate symptoms on which a risk profile is based. intermediary - The party that provides services to investors relating tofinan cial products. These services may include some, or all of, provision of information and advice on products, placement of investment orders, transmission of payment,
custody of assets, and the administration of rights and benefits. In the specific framework of investment funds industry, an intermediary may present information about Funds to potential investors, and solicit orders for the Fund.
It may facilitate the transmission of the orders and information from/to the investors and/or other intermediaries. The intermediary receives commission from the Fund and/or fees from the investor. Internal usage - The instrument is created for the purpose of internal usage of 1 principal. InternalRisk - Monitoring of risk inherent to securities handling. Investment - Means to register and settle financial rights and obligations. investment manager - Party that implements the investment strategy, ie, selects portfolio investments in accordance with the objectives and strategy in the fund's prospectus, and places orders to effect or liquidate selected investments in accordance with net flow of capital into or out of the fund. InvestmentBanking - Contact points for large investors investor - Party, either an individual or organisation, whose assets are being invested. Involved party - Party involved with the conduct of securities handling or other financial transactions is entitled to - is new version of - The security is a newer version of the referenced security. is structured by - Structural element of hybrid product isAccessibleViaChannel - The accounts are managed through the channels corresponding to the individuals of the class ValuePartition - AdministrationChannel ISIN - International Securities Identification Number (ISIN). A numbering system designed by the United Nation's International Organisation for Standardisation (ISO). The ISIN is composed of a 2-character prefix
representing the country of issue, followed by the national security number (if one exists), and a check digit.
Each country has a national numbering agency that assigns ISIN numbers for securities in that country. isKeptAtCustodian - The right side of the relation consists of individuals of the class Party - PartyCustodian isNationalBankFor ISO20022-UNIFIMessages iso20022:AccountDetailsConfirmation - Scope
An account servicer, eg, a registrar, transfer agent or custodian bank sends the AccountDetailsConfirmation message to an account owner, eg, an investor to confirm the opening of an investment fund account, execution of an AccountModificationInstruction or to return information requested in a GetAccountDetails message.
Usage
The AccountDetailsConfirmation message is used to confirm the opening of an account, modification of an account or the provision of information requested in a previously sent GetAccountDetails message. The message contains detailed information relevant to the opened account. When the AccountDetailsConfirmation is used to confirm execution of an AccountModificationInstruction message, it contains the modified subsets of account details that were specified in the AccountModificationInstruction. When the AccountDetailsConfirmation is used to reply to a GetAccountDetails message, it returns the selected subsets of account details that were specified in the GetAccountDetails message. iso20022:AccountingStatementOfHoldingsCancellationV02 - Scope
An account servicer, eg, a transfer agent, sends the AccountingStatementofHoldingsCancellation message to an account owner, eg, a fund manager or an account owner's designated agent, to notify the cancellation of a previously sent AccountingStatementOfHoldings message.
Usage
The AccountingStatementOfHoldingsCancellation message is used to cancel a previously sent AccountingStatementOfHoldings message. This message must contain the reference of the message to be cancelled.
This message may also contain all the details of the message to be cancelled, but this is not recommended. iso20022:AccountingStatementOfHoldingsV02 - Scope
An account servicer, eg, a transfer agent sends the AccountStatementOfHoldings message to an account owner, eg, a fund manager or an account owner's designated agent to provide detailed holdings of the portfolio at a specified moment in time.
The message provides, at a moment in time, valuations of the portfolio together with details of each financial instrument holding. The message can be sent either audited or un-audited and may be provided on a trade date or settlement date basis.
Usage
The AccountingStatementOfHoldings message is used to provide valuation detail for each financial instrument held in a portfolio. The message should be sent at a frequency agreed bi-laterally between the account servicer and the account owner.
This message can only be used to list the holdings of a single (master) account. However, it is possible to break down these holdings into one or several sub-accounts. Therefore, the message can be used to either specify holdings at
- the main account level, or,
- the sub-account level.
This message can be used to report where the financial instruments are safe-kept, physically or notionally. If a security is held in more than one safekeeping place, this can also be indicated. The AccountingStatementOfHoldings message should not be used for trading purposes.
Main characteristics
The AccountingStatementOfHoldings message has the following characteristics. This message is very similar in structure to the CustodyStatementOfHoldings message.
Key differences between the two messages are:
Audited or non-audited statements
It is mandatory to specify whether or not the statement is audited. This is done using the AuditedIndicator in the block StatementGeneralDetails. This indicator is not present in the CustodyStatementOfHolding message.
Price Details
In the AccountingStatementOfHoldings message it is mandatory to price all securities. If the price of a security is not known, then this must also be reported.
Availability of Securities
This message does not report on the availability of securities. The CustodyStatementOfHoldings message is used for this purpose. iso20022:AccountManagementMessage - Account management messages are used to manage investment account opening and modifications to registered account
information. iso20022:AccountManagementStatusReport - Scope
An account servicer, eg, a registrar, transfer agent or custodian bank sends the AccountManagementStatusReport message to an account owner or its designated agent, eg, an investor to report on the receipt or the processing status of a previously received AccountOpeningInstruction or AccountModificationInstruction or GetAccountDetails message.
Usage
The AccountManagementStatusReport message is used to provide the processing status of a previously received AccountOpeningInstruction or of an AccountModificationInstruction message. The AccountManagementStatusReport message is also used by an account servicer to reject an AccountOpeningInstruction or AccountModificationInstruction or GetAccountDetails message when the message is not compliant with the agreed SLA or when the account cannot be uniquely identified.
The account owner may report that the status of the instruction is either rejected, accepted, that the instruction is being processed or that the instruction has been forwarded to the next intermediary party for further processing. iso20022:AccountModificationInstruction - Scope
An account owner, eg, and investor or its designated agent, sends the AccountModificationInstruction message to an account servicer, eg, a registrar, transfer agent or custodian bank to modify, ie, create, update or delete specific details of an existing investment fund account.
Usage
The AccountModificationInstruction message is used to modify the details of an existing account.
The AccountModificationInstruction message has three specific uses:
- to maintain/update any of the existing account details, eg, to update the address of the beneficiary or modify the preference to income from distribution to capitalisation, or,
- to add/create specific details to the existing account when these details were not yet recorded at the time of account creation, eg, to add a second address or to establish new cash settlement standing instructions, or,
- to delete specific account details, eg, delete cash standing instructions. This message cannot be used to delete an entire account, as institution specific and regulatory rules pertaining to account deletion are diverse.
The usage of this message may be subject to service level agreement (SLA) between the counterparties. Execution of the AccountModificationInstruction is confirmed via an AccountDetailsConfirmation message. iso20022:AccountOpeningInstruction - Scope
An account owner, eg, an investor or its designated agent sends the AccountOpeningInstruction message to an account servicer, eg, a registrar, transfer agent or custodian to instruct the opening of an account or the opening of an account and establishing an investment plan.
Usage
The AccountOpeningInstruction is used to open an account directly or indirectly with the account servicer or an intermediary.
In some markets, eg, Australia, and for some products in the United Kingdom, a first order (also known as a deposit instruction) is placed at the same time as the account opening. To cater for this scenario, an order message can be linked (via references in the message) to the AccountOpeningInstruction message when needed.
Execution of the AccountOpeningInstruction is confirmed via an AccountDetailsConfirmation message. iso20022:AgentCADeactivationCancellationRequestV01 iso20022:AgentCADeactivationInstructionV01 iso20022:AgentCADeactivationStatusAdviceV01 iso20022:AgentCADistributionBreakdownAdviceV01 iso20022:AgentCAElectionAdviceV01 iso20022:AgentCAElectionAmendmentRequestV01 iso20022:AgentCAElectionCancellationRequestV01 iso20022:AgentCAElectionStatusAdviceV01 iso20022:AgentCAGlobalDistributionAuthorisationRequestV01 iso20022:AgentCAGlobalDistributionStatusAdviceV01 iso20022:AgentCAInformationAdviceV01 iso20022:AgentCAInformationStatusAdviceV01 iso20022:AgentCAMovementCancellationRequestV01 iso20022:AgentCAMovementConfirmationV01 iso20022:AgentCAMovementInstructionV01 iso20022:AgentCAMovementStatusAdviceV01 iso20022:AgentCANotificationAdviceV01 iso20022:AgentCANotificationCancellationRequestV01 iso20022:AgentCANotificationStatusAdviceV01 iso20022:AgentCAStandingInstructionCancellationRequestV01 iso20022:AgentCAStandingInstructionRequestV01 iso20022:AgentCAStandingInstructionStatusAdviceV01 iso20022:BulkOrder - A bulk message is typically a message containing a series of individual order transactions from different accounts, but for the same financial instrument with the same intermediary details. The order will result in a single cash settlement (not settlement per individual order) executed using one single method. This order is sent by a concentrator or a party collecting orders and bulking them to relay the transactions to the transfer agent or another intermediary. iso20022:CustodyStatementOfHoldingsCancellationV02 - Scope
An account servicer, eg, a transfer agent, sends the CustodyStatementOfHoldingsCancellation message to an account owner, eg, an investment manager or its authorised representative to cancel a previously sent CustodyStatementOfHoldings message.
Usage
The CustodyStatementOfHoldingsCancellation message is used to cancel a previously sent CustodyStatementOfHoldings message. This message must contain the reference of the message to be cancelled.
This message may also contain details of the message to be cancelled, but this is not recommended. iso20022:CustodyStatementOfHoldingsV02 - Scope
An account servicer, eg, a transfer agent sends the CustodyStatementOfHoldings message to an account owner, eg, a fund manager or an account owner's designated agent to provide detailed holdings of the portfolio at a specified moment in time. The message provides, at a moment in time, the quantity and identification of the financial instruments that the account servicer holds for the account owner. The message can also include availability and the location of holdings to facilitate trading and minimise settlement issues. The message reports all information per financial instrument, ie, when a financial instrument is held at multiple places of safekeeping, the total holdings for all locations can be provided.
Usage
The CustodyStatementOfHoldings message is used to provide detailed quantity and availability information for financial instrument holdings of a portfolio.
The message should be sent at a frequency agreed bi-laterally between the account servicer and the account owner. This message can be also be used to report where the financial instruments are safe-kept, physically or notionally. If a security is held in more than one safekeeping place, this can also be indicated. This message can reflect
all outstanding holding information or may only contain changes since the previously sent statement. The CustodyStatementOfHoldings message can only be used to list the holdings of a single (master) account. However, it is possible to break down these holdings into one or several sub-accounts.
Therefore, this message can be used to either specify holdings at
- the main account level, or,
- the sub-account level. iso20022:FundCashForecastReportingMessage - The fund cash forecast reporting message definitions are used to provide a report of the cash incomings and outgoings
per investment fund. The cash incomings and outgoings result from redemption, subscription and switch transactions.
These message definitions are grouped into two categories.
- Estimated report: contains estimated cash forecasts, ie, cash flows calculated with an estimated price, usually the
price of the previous trade date.
- Confirmed report: contains confirmed cash forecasts, ie, cash flows calculated with the definitive price on a specific
trade date.
Each category is divided into two sub-categories:
- Short report: contains incoming and outgoing cash flows.
- Detailed report: contains incoming and outgoing cash flows. These may be sorted according to predefined or userdefined
criteria and breakdown information may be given.
Estimated cash forecast messages do not need to be cancelled and replaced, as an estimated message overwrites the
previous estimated message. Confirmed cash forecast reports may be cancelled and for this reason, two cancellation
message definitions exist. iso20022:FundConfirmedCashForecastReportCancellationV02 - Scope
A report provider, eg, a transfer agent, sends the FundConfirmedCashForecastReportCancellation message to the report user, eg, an investment manager, to cancel a previously sent FundConfirmedCashForecastReport message.
Usage
The FundConfirmedCashForecastReportCancellation message is used to cancel an entire FundConfirmedCashForecastReport message that was previously sent by the report provider.
This message must contain reference to the of the message being cancelled.
This message may also contain details of the message to be cancelled, but this is not recommended. iso20022:FundConfirmedCashForecastReportV03 - Scope
A report provider, eg, a transfer agent, sends the FundConfirmedCashForecastReport message to the report user, eg, an investment manager, to report the confirmed cash incomings and outgoings of one or more investment funds on one or more trade dates.
The cash movements may result from, for example, redemption, subscription, switch transactions or reinvestment of dividends.
Usage
The FundConfirmedCashForecastReport is used to report definitive cash movements, ie, it is sent after the cutoff time and/or the price valuation of the fund. This message contains incoming and outgoing cash flows that are confirmed, ie, the price has been applied. If the price is not yet definitive, then the FundEstimatedCashForecastReport message must be used.
This message allows the report provider to report cash movements in or out of a fund, but does not allow the Sender to categorise these movements, for example by country, or to give details of the underlying orders, commission or charges.
If the report provider wishes to give detailed information related to cash movements, then the FundDetailedConfirmedCashForecastReport message must be used. iso20022:FundDetailedConfirmedCashForecastReportCancellationV02 - Scope
A report provider, eg, a transfer agent, sends the FundDetailedConfirmedCashForecastReportCancellation messages to the report user, eg, an investment manager, fund accountant or any other interested party, to cancel a previously sent FundDetailedConfirmedCashForecastReport.
Usage
The FundDetailedConfirmedCashForecastReportCancellation message is used to cancel an entire FundDetailedConfirmedCashForecastReport message that was previously sent. This message must contain the reference of the message to be cancelled. This message may also contain details of the message to be cancelled, but this is not recommended. iso20022:FundDetailedConfirmedCashForecastReportV03 - Scope
A report provider, eg, a transfer agent, sends the FundDetailedConfirmedCashForecastReport message to the report user, eg, an investment manager, to report the confirmed cash incomings and outgoings, sorted by country, institution name or other criteria defined by the user of one or more investment funds on one or more trade dates.
The cash movements may result from, for example, redemption, subscription, switch transactions or reinvestment of dividends.
Usage
The FundDetailedConfirmedCashForecastReport is used to provide definitive cash movements, ie, it is sent after the cutoff time and/or the price valuation of the fund. If the price is not yet definitive, then the FundDetailedEstimatedCashForecastReport message must be used. The FundDetailedConfirmedCashForecastReport message is used to report cash movements in or out of a fund, organised by party, eg, fund management company, country, currency or by some other criteria defined by the report provider.
If the report is used to given the cash-in and cash-out for a party, then additional criteria, eg, currency and country, can be specified. In addition, the underlying transaction type for the cash-in or cash-out movement can be specified, as well as information about the cash movement's underlying orders, eg, commission and charges. iso20022:FundDetailedEstimatedCashForecastReportV03 - Scope
A report provider, eg, a transfer agent, sends the FundDetailedEstimatedCashForecastReport message to the report user, eg, an investment manager, to report the estimated cash incomings and outgoings, sorted by country, institution name or other criteria defined by the user of one or more investment funds on one or more trade dates. The cash movements may result from, for example, redemption, subscription, switch transactions or reinvestment of dividends.
Usage
The FundDetailedEstimatedCashForecastReport is used to provide estimated cash movements, ie, it is sent prior to the cut-off time and/or the price valuation of the fund. If the price is definitive, then the FundDetailedConfirmedCashForecastReport message must be used.
The FundDetailedEstimatedCashForecastReport message is used to report cash movements in or out of a fund, organised by party, eg, fund management company, country, currency or by some other criteria defined by the report provider.
If the report is used to give the cash-in and cash-out for a party, then additional criteria, eg, currency and country, can be specified. In addition, the underlying transaction type for the cash-in or cash-out movement can be specified, as well as information about the cash movement's underlying orders, eg, commission and charges. iso20022:FundEstimatedCashForecastReportV03 - Scope
A report provider, eg, a transfer agent, sends the FundEstimatedCashForecastReport message to the report user, eg, an investment manager, to report the estimated cash incomings and outgoings of one or more investment funds on one or more trade dates. The cash movements may result from, for example, redemption, subscription, switch transactions or reinvestment of dividends.
Usage
The FundEstimatedCashForecastReport is used to report estimated cash movements, ie, it is sent prior to the cut-off time and/or the price valuation of the fund.
The FundEstimatedCashForecastReport contains incoming and outgoing cash flows that are estimated, ie, the price has not been applied. If the price is definitive, then the FundConfirmedCashForecastReport message must be used.
This message allows the report provider to report estimated cash movements in or out of a fund, but does not allow the Sender to categorise these movements, for example by country, or to give details of the underlying orders, commission or charges.
If the report provider wishes to give detailed information related to estimated cash movements, then the FundDetailedEstimatedCashForecastReport message must be used. iso20022:InvestmentFundDistributionMessage - The class and subclasses describes a set of candidate UNIFI message definitions developed by SWIFT.
This set of 67 message definitions can be used in the investment funds industry. These message definitions are approved by the Securities Standards Evaluation Group as UNIFI message definitions on 18 April 2008.
These message definitions have been classified into ten families as listed in the sections below:
- Account Management message definitions
- Order, confirmation and cancellation message definitions
- Order status reporting message definitions
- Fund cash forecast reporting message definitions
- Price reporting message definitions
- Statement message definitions
- Transfer message definitions
- Transfer status reporting message definitions
- PEP or ISA or Portfolio transfer message definitions
- Rejection message definition iso20022:InvestmetFundDistributionFlow iso20022:Meeting cancellation V03 iso20022:Meeting entitlement notification V03 iso20022:Meeting instruction cancellation request v03 iso20022:Meeting instruction status v03 iso20022:Meeting instruction v03 iso20022:Meeting notification V03 iso20022:Meeting result dissemination v02 iso20022:Meeting vote execution confirmation v03 iso20022:Message administration iso20022:Message reject v01 iso20022:MessageDefinition - The definitions of the different messages iso20022:MessageFlow iso20022:OrderCancellationStatusReportV03 - Scope
An executing party, eg, a transfer agent, sends the OrderCancellationStatusReport to the instructing party, eg, an investment manager or its authorised representative, to report the status of an order cancellation request that was previously received.
Usage
The OrderCancellationStatusReport message is used to provide the status of:
- one or more individual order cancellation requests by using IndividualCancellationStatusReport, or,
- an order cancellation request message by using CancellationStatusReport.
If the OrderCancellationStatusReport message is used to report the status of an individual order cancellation request, then the repetitive IndividualCancellationStatusReport sequence is used and the order reference of the individual order is quoted in OrderReference. The messageidentification of the message in which the individual order was conveyed may also be quoted in RelatedReference.
If the OrderCancellationStatusReport message is used to report the status of an entire order cancellation request message, for example, the SubscriptionBulkOrderCancellationRequest, or a SubscriptionOrderCancellationRequest containing several orders, then the CancellationStatusReport sequence. is used and the message identification of the order cancellation request message is quoted in RelatedReference.
All the order cancellation requests within the message must have the same status. One of the following statuses can be reported:
- the order cancellation is pending, or,
- the order cancellation request is rejected, or,
- the order is cancelled.
When the cancellation is rejected, the reason for the rejection must be specified.
Main characteristics
The OrderCancellationStatusReport message has the following main characteristics:
References
It is mandatory to include the reference of the previously sent message, ie the OrderCancellationInstruction, for which the Sender is requesting a status. Status must be either specified in the CancellationStatusReport building block or in the IndividualCancellationStatusReport building block. If it is in the CancellationStatusReport building block, then that building block is mandatory. If it is in the IndividualCancellationStatusReport building block, then that building block is mandatory.
CancellationStatusReport
This building block can be mandatory (see rule above) but is not repetitive. This means that it is not possible to report on more than one cancellation instruction per message. It is mandatory to specify either the status of the order instruction (using Status) or why cancellation is not possible (using Rejected).
IndividualCancellationStatusReport
This building block can be mandatory (see rule above) and is repetitive. This means that it is possible to report on more than one cancellation instruction per message. It is mandatory to specify either the status of the order instruction (using Status) or why cancellation is not possible (using Rejected). iso20022:OrderConfirmationAndCancellationMessage - Order messages are used to instruct the executing party to subscribe, to redeem or to switch a given amount/quantity of a specified financial instrument.
As the processes are different for many institutions, there is a need to differentiate at message type level. These message definitions can be grouped into three categories:
- Subscription,
- Redemption,
- Switch.
Orders in the funds industry may be given according to different scenarios,
eg, some players group orders before sending them to the next party in the chain. In order to cater for this, two sub-categories have been created for the subscription and the redemption types of message definitions.
- Bulk order: A bulk message is typically a message containing a series of individual order transactions from different accounts, but for the same financial instrument with the same intermediary details. The order will result in a single cash settlement (not settlement per individual order) executed using one single method. This order is sent by a concentrator or a party collecting orders and bulking them to relay the transactions to the transfer agent or another intermediary.
- Order: An order message is typically a message containing a single order or multiple orders (list of orders related to several financial instruments) for the same account. It is a 'shopping list' for one account. This type of order is typically sent by financial advisers or banks that are managing a portfolio for a particular account.
In short, a bulk is "1 financial instrument-n accounts"; and an order is "1 account-1 financial instrument"; if it is a single order and "1 account-n financial instruments"; if it is a multiple order.
No specific order category has been created for cross or 'bed and breakfast' orders. In some countries, for legal reasons, these must appear as separate orders, while in others, the two orders may be given together. Therefore, no specific order has been created for a bed and breakfast order, as this transaction is the combination of a redemption and a subscription linked together.
Limit and forward orders are not covered, as these are not common in the Funds industry.
For each category, below main flows are covered:
- the order,
- the order confirmation,
- the order cancellation instruction.
There is no order amendment message definition, as the agreed philosophy is 'cancel and replace'. In addition, message definitions for 2 new flows are now available. They are:
- the order confirmation amendment,
- the order confirmation cancellation.
These message definitions cover the cases where one or several details in the order confirmation message need to be amended or when the entire order confirmation message needs to be cancelled. iso20022:OrderConfirmationStatusReportV01 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the OrderConfirmationStatusReport message to the executing party, eg, a transfer agent, to report the status of an order confirmation or an order confirmation amendment.
Usage
The OrderConfirmationStatusReport message is used to report on the status of one or more individual:
- subscription confirmations,
- subscription confirmation amendments,
- redemption confirmations,
- redemption confirmation amendments,
- switch order confirmations,
- switch order confirmation amendments.
One of the following statuses can be reported:
- confirmation rejected, or,
- amendment rejected, or,
- sent to next party, or,
- communication problem with next party, or,
- confirmation accepted, or,
- confirmation received.
It is likely that the OrderConfirmationStatusReport is only sent by the order instructing party to the order executing party to reject an order confirmation or to reject an order confirmation amendment, although if an intermediary party is used, the statuses sent to next party and communication problem with next party are also likely be used. The statuses confirmation accepted and confirmation received would only be used in the event the order executing party sends a RequestForOrderConfirmationStatusReport message and one of the other statuses does not apply. If the status being reported is either confirmation rejected or amendment rejected, then a reason for the rejection must be given. The individual order confirmation or confirmation amendment for which the status is given is identified with its order reference. The message identification of the message in which the individual order confirmation or confirmation amendment was conveyed may also be quoted in RelatedReference, but this is not recommended. iso20022:OrderInstructionStatusReportV03 - Scope
An executing party, eg, a transfer agent, sends the OrderInstructionStatusReport to the instructing party, eg, an investment manager or its authorised representative to report the status of an order from the time the executing party receives the order until the time the order is executed. Usage The OrderInstructionStatusReport message is used to report on the status of a subscription, redemption or a switch order.
The OrderInstructionStatusReport message may be used to give the status of:
- one order message by using OrderDetailsReport or,
- one or more individual order instructions by using IndividualOrderDetailsReport, or
- one or more switch orders by using SwitchOrderDetailsReport. If the OrderInstructionStatusReport message is used to report the status of an individual order, then IndividualOrderDetailsReport is used and the order reference of the individual order is quoted in OrderReference. The message identification of the message in which the individual order was conveyed may also be quoted in RelatedReference. If the OrderInstructionStatusReport message is used to report the status of a switch order, then SwitchOrderDetailsReport is used and the order reference of the switch order is quoted in OrderReference. The message identification of the message in which the switch order was conveyed may also be quoted in RelatedReference. If the OrderInstructionStatusReport message is used to report the status of an entire order message, for example, the SubscriptionBulkOrder, or a SubscriptionOrder containing several orders, then OrderDetailsReport is used and the message identification of the order message is quoted in RelatedReference. All the orders within the message must have the same status. One of the following statuses can be reported:
- an accepted status , or,
- an already executed status, or,
- a sent to next party status, or,
- a received status, or,
- a settled status, or,
- a communication problem with next party status, or,
- a confirmation amendment status, or,
- a done for the day status, or,
- a partially done status, or,
- an open status, or,
- a cancelled status, or
- a conditionally accepted status, or,
- a rejected status, or,
- a suspended status, or,
- a partially settled status, or,
- an in-repair status (only for an individual or switch order).
For a switch order, the OrderInstructionStatusReport message provides the status of the whole switch order, ie, it is not possible to accept one leg and to reject the other leg: the entire switch order has to be rejected. In order to identify the legs within the switch that are causing the problem, the leg is identified in either the RedemptionLegIdentification or SubscriptionLegIdentification elements. When the OrderInstructionStatusReport is used to give the status of an individual or a switch order, the following can be specified:
- repaired conditions (for a switch, this is at the level of a leg),
- information related to the order, eg, settlement amount, number of units, expected trade date, etc.
Main characteristics
The OrderInstructionStatusReport message has the following characteristics:
References
It is mandatory to include the reference of the previously sent order instruction for which the Sender is requesting a status. The message for which the status is provided is identified through referencing rather than by including a complete copy of the original order.
Pre-confirmation
It is possible to provide an expected trade date and an expected settlement date in the OrderInstructionStatusReport. These pre-confirmation dates are elements that were not in the original order instruction but that enrich the instructing party's order. This information enables the instructing party the opportunity to complete the instruction prior to its execution rather than being informed in the confirmation message sent after execution.
Offering a repair service The executing party may offer a repair service to the instructing party. This is restricted to commission and charge details as they are the most common elements repaired. For example, if an instructing party is entitled to a reduced commission rate of two percent waiving, but the order contains zero percent, the executing party could provide an order status in which it informs the instructing party of the repaired commission rate. This operation still allows the instructing party to potentially cancel the order before execution. iso20022:OrderStatusReportingMessage - The RequestForOrderStatusReport message definition covers the message flow between an instructing party and an executing party. This message requests the status of an order message or an order cancellation instruction message.
The OrderInstructionStatusReport message definition covers the message flow between an executing party and an instructing party. This message informs the instructing party of the status of its order message, ie, SubscriptionOrder, SubscriptionBulkOrder, RedemptionOrder, RedemptionBulkOrder or SwitchOrder.
The OrderCancellationStatusReport message definition covers the message flow between an executing party and an instructing party. This message informs the instructing party of the status of its order cancellation request message, ie, SubscriptionOrderCancellationRequest, SubscriptionBulkOrderCancellationRequest, RedemptionOrderCancellationRequest, RedemptionBulkOrderCancellationRequest or SwitchOrderCancellationRequest.
Two new message definitions are now available: the RequestForOrderConfirmationStatusReport and the OrderConfirmationStatusReport.
They cover cases where the status of a confirmation needs to be communicated by the instructing party to the executing party (ie, the requesting party). iso20022:PEPOrISAOrPortfolioInformationV01 - Scope
An executing party, eg, a (old) plan manager, sends the PEPOrISAOrPortfolioInformation message to the instructing party, eg, a (new) plan manager, to provide information about financial instruments held on behalf of a client.
Usage
The PEPOrISAOrPortfolioInformation message is used to provide information about one or more PEP or ISA or portfolio products held in a client's account. iso20022:PEPOrISAOrPortfolioTransferCancellationV02 - Scope
An instructing party, eg, a (new) plan manager, sends the PEPOrISAOrPortfolioTransferCancellationRequest message to the executing party, eg, a (old) plan manager, to request the cancellation of a previously sent PEPOrISAOrPortfolioTransferInstruction.
Usage
The PEPOrISAOrPortfolioTransferCancellationRequest message is used to request the cancellation of an entire PEPOrISAOrPortfolioTransferInstruction message, ie, all the product transfers that it contained.
The cancellation request can be specified either by:
- quoting the transfer references of all the product transfers listed in the PEPOrISAOrPortfolioTransferInstruction message, or,
- quoting the details of all the product transfers (this includes TransferReference) listed in PEPOrISAOrPortfolioTransferInstruction message.
The message identification of the PEPOrISAOrPortfolioTransferInstruction may also be quoted in PreviousReference. It is also possible to request the cancellation of PEPOrISAOrPortfolioTransferInstruction by just quoting its message identification in PreviousReference.
Main characteristics
The PEPOrISAOrPortfolioTransferCancellationRequest message has the following main characteristics:
One request per message
Each PEPOrISAOrPortfolioTransferCancellationRequest message specifies only one previously sent message to be cancelled.
Identification of the cancelled instruction
The identification of the message for which a cancellation is requested is specified in the PreviousReference field. The TransferToBeCancelled element contains a copy of the instruction. iso20022:PEPOrISAOrPortfolioTransferConfirmationV02 - Scope
An executing party, eg, a (old) plan manager, sends the PEPOrISAOrPortfolioTransferConfirmation message to the instructing party, eg, a (new) plan manager, to confirm the transfer of one or more PEP or ISA or portfolio products from the client's account at the old plan manager to the client's account at the new plan manager through a nominee account.
Usage
The PEPOrISAOrPortfolioTransferConfirmation message is used to confirm the transfer of one or more PEP or ISA or portfolio products.
The reference of each product transfer confirmation is identified in TransferConfirmationIdentification.
The reference of the original product transfer is specified in TransferInstructionReference.
The message identification of the PEPOrISAPOrPortfolioTransferInstruction message in which the product transfers were conveyed may also be quoted in RelatedReference. Main characteristics
The following are the main characteristics of the PEPOrISAOrPortfolioTransferConfirmation message:
Single client/multiple transfer instructions
Each PEPOrISAOrPortfolioTransferConfirmation message specifies one or more transfers for one client. Each transfer is for delivery to the cash same account.
Quantity of the product
In order to cater for full and partial transfers of holdings, this message allows the quantity to be specified in three mutually exclusive ways.
1. Percentage transfer: A quantity of a financial instrument (PEP or ISA) may be expressed as percentage of the investor's total holding.
2. Amount transfer: A quantity of a financial instrument (PEP or ISA) may be expressed as an amount of money.
3. Year transfer: A quantity of a financial instrument (PEP or ISA) may be identified by the year in which the PEP or ISA was created. Additionally the PEP or ISA may be made up of one or more assets. When the assets are specified they must be identified by an ISIN or a SEDOL and optionally by name.
Identification of the client
The client is identified by its account number with the old plan manager, its name and address. Additional client identification information such as date of birth and social security number must also be included. iso20022:PEPOrISAOrPortfolioTransferInstructionV02 - Scope
An instructing party, eg, a (new) plan manager, sends the PEPOrISAOrPortfolioTransferInstruction message to the executing party, eg, a (old) plan manager, on behalf of the initiating party, eg, an investor (client), to instruct the transfer of financial instruments from the clients account at the old plan manager to the clients account at the new plan manager through a nominee account.
Usage
The PEPOrISAOrPortfolioTransferInstruction message is used to instruct the withdrawal of one or more PEP or ISA or portfolio products from one account and deliver them to another account. The PEPOrISAOrPortfolioTransferInstruction message is used to instruct one or more transfers for one client. Each transfer is for delivery to the same account. The account may be owned by one or more individual investors or one or more corporate investors. Each transfer is identified in TransferIdentification.
If the instructing party does not have enough information to instruct the transfer, then it must first send a RequestForPEPOrISAOrPortfolioInformation message to the executing party in order to receive a PEPOrISAOrPortfolioInformation message.
Main characteristics
Single client/multiple transfer instructions
Each PEPOrISAOrPortfolioTransferInstruction message specifies one or more transfers for one client. Each transfer is for delivery to the cash same account
Quantity of the product
In order to cater for full and partial transfers of holdings, this message allows the quantity to be specified in three mutually exclusive ways.
1. Percentage transfer: A quantity of a financial instrument (PEP or ISA) may be expressed as percentage of the investor's total holding.
2. Amount transfer: A quantity of a financial instrument (PEP or ISA) may be expressed as an amount of money.
3. Year transfer: A quantity of a financial instrument (PEP or ISA) may be identified by the year in which the PEP or ISA was created. Additionally the PEP or ISA may be made up of one or more assets. When the assets are specified, they must be identified by an ISIN or a SEDOL and optionally as a name.
Identification of the client
The client is identified by its account number with the old plan manager, its name and address. Additional client identification information, such as date of birth and social security number, must also be included, if known. iso20022:PEPorISAorPortfolioTransferMessage - PEP/ISA transfer message definitions are used to instruct the transfer of one or more assets from an investor's account at an old plan manager to an account with the new plan manager.
In addition, 2 new message definitions are now available to request information and provide information about a particular PEP or ISA or portfolio. These message definitions are the RequestForPEPOrISAOrPortfolioInformation and the PEPOrISAOrPortfolioInformation. iso20022:PriceReportCancellationV03 - Scope
A report provider, eg, a transfer agent, fund accountant or market data provider, sends the PriceReportCancellation message to the report recipient, eg, a fund management company, transfer agent, market data provider, regulator or any other interested party to cancel a previously sent PriceReport message.
Usage
The PriceReportCancellation is used to cancel an entire PriceReport message that was previously sent. If only a part of the information needs to be cancelled and replaced, the PriceReportCorrection message must be used.
This message must contain the reference of the message to be cancelled.This message may also contain details of the message to be cancelled, but this is not recommended. iso20022:PriceReportCorrectionV03 - Scope
A report provider, eg, a transfer agent, fund accountant or market data provider, sends the PriceReportCorrection message to the report recipient, eg, a fund management company, transfer agent, market data provider, regulator or any other interested party to correct at least one of the prices for a financial instrument that was reported in a previously sent PriceReport message.
Usage
The PriceReportCorrection message is used to correct information reported in a previously sent PriceReport. If an entire PriceReport message must be corrected, eg, due to an incorrect trade date, it is recommended that a PriceReportCancellation message is used to cancel the entire PriceReport message and a new PriceReport sent. iso20022:PriceReporting - The price reporting message definitions cover the message flows between a report provider and a report user.
The price message definitions are used to:
- communicate the price of an investment fund,
- correct a price that was previously sent,
- cancel a previously sent PriceReport. iso20022:PriceReportV03 - Scope
A report provider, eg, a transfer agent, fund accountant or market data provider, sends the PriceReport message to the report recipient, eg, a fund management company, transfer agent, market data provider, regulator or other interested party to provide the net asset value and price information for financial instruments on specific trade dates and, optionally, to quote price variation information.
Usage
The PriceReport message is used to:
- report prices for one or several different financial instruments for one or several different trade dates,
- report statistical information about the valuation of a financial instrument,
- inform another party that the quotation of a financial instrument is suspended,
- report prices that are used for purposes other than the execution of investment funds orders.
Main characteristics
The PriceReport message has the following main characteristics:
Price Valuation
This is the process during which the fund accountant calculates the value of assets, including liabilities, expenses, income, buy/sell orders, etc, of the fund and calculates the total net asset value (NAV), the NAV per unit, the dealing and unit price (s).
The calculation method and accounting principles are given in the fund prospectus.
Type of Price
Different types of price can be reported.
For example, the PriceReport message can contain, for trade date 21 April 2003, the cancellation price, the bid price and the offer price of financial instrument ISIN LU1234567890.
Number of Financial Instruments Reported
There is no limitation on the number of financial instruments for which a price can be reported in this message.
The number of financial instruments allowed in each message is defined in the fund prospectus or in the service level agreement (SLA) in place between the Sender and the Receiver. iso20022:RedemptionBulkOrderCancellationRequestV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the RedemptionBulkOrderCancellationRequest message to the executing party, eg, a transfer agent, to request the cancellation of a previously sent RedemptionBulkOrder instruction. Usage
The RedemptionBulkOrderCancellationRequest message is used to either:
- request the cancellation of an entire RedemptionBulkOrder message, ie, all the individual orders that it contained, or,
- request the cancellation of one or more individual orders included in a previously sent RedemptionBulkOrder message. There is no amendment, but a cancellation and re-instruct policy. There are two ways to use the message.
(1) When the RedemptionBulkOrderCancellationRequest message is used to request the cancellation of an entire RedemptionBulkOrder message, this can be done by either:
- quoting the order references of all the individual orders listed in the RedemptionBulkOrder message, or,
- quoting the details of all the individual orders (this includes the OrderReference) listed in RedemptionBulkOrder message, but this is not recommended. The message identification of the RedemptionBulkOrder message may also be quoted in PreviousReference. It is also possible to request the cancellation of an entire RedemptionBulkOrder message by quoting its message identification in PreviousReference, but this is not recommended.
(2) When the RedemptionBulkOrderCancellationRequest message is used to request the cancellation of one or more individual orders, this can be done by either:
- quoting the OrderReference of each individual order listed in the RedemptionOrder message, or, - quoting the details of each individual order (including the OrderReference) listed in RedemptionOrder message, but this is not recommended. The message identification of the RedemptionBulkOrder message in which the individual order was conveyed may also be quoted in PreviousReference. The deadline and acceptance of a cancellation request is subject to a service level agreement (SLA). This cancellation message is a cancellation request. There is no automatic acceptance of the cancellation. iso20022:RedemptionBulkOrderConfirmationAmendmentV01 - Scope
An executing party, eg, a transfer agent, sends the RedemptionOrderConfirmationAmendment message to the instructing party, eg, an investment manager or its authorised representative to amend a previously sent RedemptionOrderConfirmation message.
Usage
The RedemptionOrderConfirmationAmendment message is used to amend one or more previously sent redemption order confirmations. Each individual order confirmation amendment 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 orders were conveyed may also be quoted in RelatedReference. The message identification of the RedemptionOrderConfirmation message in which the original order confirmations were conveyed may also be quoted in PreviousReference. iso20022:RedemptionBulkOrderConfirmationCancellationInstructionV01 - Scope
An executing party, eg, a transfer agent, sends the RedemptionOrderConfirmationCancellationInstruction message to the instructing party, eg, an investment manager or its authorised representative to cancel a previously sent RedemptionOrderConfirmation message.
Usage
The RedemptionOrderConfirmationCancellationInstruction message is used to cancel one or more previously sent redemption order confirmations. The amendment indicator element is used to specify whether the redemption order confirmation cancellation is to be followed by a RedemptionOrderConfirmationAmendment.
The RedemptionOrderConfirmationCancellationInstruction message is used to either:
- cancel an entire RedemptionOrderConfirmation message, ie, all the individual order confirmations that it contained, or,
- request the cancellation of one or more individual confirmations.
There are two ways to use the message.
(1) When the RedemptionOrderConfirmationCancellationInstruction message is used to cancel an entire message, this can be done by either:
- quoting the business references, eg, OrderReference, Deal Reference, of all the individual order confirmations listed in the RedemptionOrderConfirmation message, or,
- quoting the details of all the individual order confirmations (this includes the OrderReference and DealReference) listed in RedemptionOrderConfirmation message but this is not recommended. The message identification of the RedemptionOrderConfirmation message may also be quoted in PreviousReference. It is also possible to instruct the cancellation of an entire confirmation message by quoting its message identification in PreviousReference, but this is not recommended.
(2) When the RedemptionOrderConfirmationCancellationInstruction message is used to cancel one or more individual order confirmations, this can be done by either:
- quoting the business references, eg, OrderReference, Deal Reference, of each individual order confirmation listed in the RedemptionOrderConfirmation message, or,
- quoting the details of each individual order execution (this includes the OrderReference and DealReference) listed in RedemptionOrderConfirmation message but this is not recommended.
The message identification of the RedemptionOrderConfirmation message in which the individual order confirmation was conveyed may also be quoted in PreviousReference. The rejection or acceptance of a RedemptionOrderConfirmationCancellationInstruction is made using an OrderConfirmationStatusReport message. iso20022:RedemptionBulkOrderConfirmationV03 - Scope
An executing party, eg, a transfer agent, sends the RedemptionBulkOrderConfirmation message to the instructing party, eg, 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. iso20022:RedemptionBulkOrderV03 - Scope
An instructing party, eg, an investment manager or its authorised representative sends the RedemptionBulkOrder message to the executing party, eg, a transfer agent, to instruct a redemption from a financial instrument for two or more accounts.
Usage
The RedemptionBulkOrder message is used to bulk several individual orders into one bulk order. The individual orders come from different instructing parties, ie, account owners, but are for the same financial instrument.
The RedemptionBulkOrder can result in one single bulk cash settlement or several individual cash settlements. This message will be typically used by a party collecting orders, ie, a concentrator, bulking these individual orders into one bulk order before sending it to an executing party.
For a single redemption order, the RedemptionOrder message, not the RedemptionBulkOrder message, must be used. If there are redemption orders for different financial instruments but for the same account, then the RedemptionOrder must be used.
Main characteristics
The RedemptionBulkOrder message has the following main characteristics:
Bulk Order
A bulk order is composed of several individual orders. These individual orders have common characteristics. They are for the same financial instrument, have the same cancellation rights, the same place of trade, the same requested net asset value (NAV) currency and the same requested settlement currency.
However, each individual order can specify a different investment fund account, different quantities of financial instrument, different commission levels, etc. Except for these constraints, there are no specific guidelines on how to bulk individual orders.
Redemption in GrossAmount or NetAmount or UnitsNumber or HoldingsRedemptionRate
The redemption quantity must be expressed in one of the following ways:
- GrossAmount: the monetary GROSS value of the financial instrument to be redeemed to, eg, the redemption of EUR 1,500 of financial instrument ISIN LU0123456789, or
- NetAmount: the monetary NET value of the financial instrument to be redeemed to, eg, the redemption of EUR 1,000 of financial instrument ISIN LU0123456789, or
- UnitNumber: the number of units of financial instrument to be redeemed to, eg, the redemption of 10 units of financial instrument ISIN LU0123456789.
- HoldingsRedemptionRate: the part of the portfolio to be redeemed, eg, the redemption of 10% of the holdings in financial instrument ISIN LU1234567890.
Cash Settlement
The cash settlement of a bulk order may be specified in one of the two ways, either as a single bulk payment, or individual settlements for each order.
There might be a standing instruction in place and therefore no need to repeat the cash settlement information in the order. If no standing instruction has been set up at the account level, then cash settlement information must be present in the message. If there is a standing instruction, but cash settlement information is also present in the message, then the cash settlement information in the message overrides the standing instruction. Message Definition Report Edition May 2008 MX setr.001.001.03 RedemptionBulkOrderV03 Investment Funds 2 / Maintenance Page 1332
Charge and Commission
Generally speaking, a charge is directly paid by the investor whereas a commission is paid by the fund to the intermediary. This rule might not apply to some specific markets. iso20022:RedemptionOrderCancellationRequestV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the RedemptionOrderCancellationRequest message to the executing party, eg, a transfer agent, to request the cancellation of a previously sent RedemptionOrder instruction.
Usage
The RedemptionOrderCancellationRequest message is used to either:
- request the cancellation of an entire RedemptionOrder message, ie, all the individual orders that it contained, or,
- request the cancellation of one or more individual orders. There is no amendment, but a cancellation and re-instruct policy.
There are two ways to use the message:
(1) When the RedemptionOrderCancellationRequest message is used to request the cancellation of an entire RedemptionOrder message, this can be done by either:
- quoting the order references of all the individual orders listed in the RedemptionOrder message, or,
- quoting the details of all the individual orders (this includes the OrderReference) listed in RedemptionOrder message, but this is not recommended.
The message identification of the RedemptionOrder message may also be quoted in PreviousReference. It is also possible to request the cancellation of an entire RedemptionOrder message by quoting its message identification in PreviousReference, but this is not recommended.
(2) When the RedemptionOrderCancellationRequest message is used to request the cancellation of one or more individual orders, this can be done by either:
- quoting the OrderReference of each individual order listed in the RedemptionOrder message, or,
- quoting the details of each individual order (including the OrderReference) listed in RedemptionOrder message, but this is not recommended.
The message identification of the RedemptionOrder message in which the individual order was conveyed may also be quoted in PreviousReference. The deadline and acceptance of a cancellation request is subject to a service level agreement (SLA).
This cancellation message is a cancellation request. There is no automatic acceptance of the cancellation. The rejection or acceptance of a RedemptionOrderCancellationRequest is made using an OrderCancellationStatusReport message. iso20022:RedemptionOrderConfirmationAmendmentV01 - Scope
An executing party, eg, a transfer agent, sends the RedemptionOrderConfirmationAmendment message to the instructing party, eg, an investment manager or its authorised representative to amend a previously sent RedemptionOrderConfirmation message.
Usage
The RedemptionOrderConfirmationAmendment message is used to amend one or more previously sent redemption order confirmations. Each individual order confirmation amendment 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 orders were conveyed may also be quoted in RelatedReference.
The message identification of the RedemptionOrderConfirmation message in which the original order confirmations were conveyed may also be quoted in PreviousReference. iso20022:RedemptionOrderConfirmationCancellationInstructionV01 - Scope
An executing party, eg, a transfer agent, sends the RedemptionOrderConfirmationCancellationInstruction message to the instructing party, eg, an investment manager or its authorised representative to cancel a previously sent RedemptionOrderConfirmation message.
Usage
The RedemptionOrderConfirmationCancellationInstruction message is used to cancel one or more previously sent redemption order confirmations. The amendment indicator element is used to specify whether the redemption order confirmation cancellation is to be followed by a RedemptionOrderConfirmationAmendment.
The RedemptionOrderConfirmationCancellationInstruction message is used to either: - cancel an entire RedemptionOrderConfirmation message, ie, all the individual order confirmations that it contained, or,
- request the cancellation of one or more individual confirmations. There are two ways to use the message.
(1) When the RedemptionOrderConfirmationCancellationInstruction message is used to cancel an entire message, this can be done by either:
- quoting the business references, eg, OrderReference, Deal Reference, of all the individual order confirmations listed in the RedemptionOrderConfirmation message, or,
- quoting the details of all the individual order confirmations (this includes the OrderReference and DealReference) listed in RedemptionOrderConfirmation message but this is not recommended.
The message identification of the RedemptionOrderConfirmation message may also be quoted in PreviousReference. It is also possible to instruct the cancellation of an entire confirmation message by quoting its message identification in PreviousReference, but this is not recommended.
(2) When the RedemptionOrderConfirmationCancellationInstruction message is used to cancel one or more individual order confirmations, this can be done by either:
- quoting the business references, eg, OrderReference, Deal Reference, of each individual order confirmation listed in the RedemptionOrderConfirmation message, or,
- quoting the details of each individual order execution (this includes the OrderReference and DealReference) listed in RedemptionOrderConfirmation message but this is not recommended.
The message identification of the RedemptionOrderConfirmation message in which the individual order confirmation was conveyed may also be quoted in PreviousReference. The rejection or acceptance of a RedemptionOrderConfirmationCancellationInstruction is made using an OrderConfirmationStatusReport message. iso20022:RedemptionOrderConfirmationV03 - Scope
An executing party, eg, a transfer agent, sends the RedemptionOrderConfirmation message to the instructing party, eg, 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 edemptionBulkOrderConfirmation message must be used. iso20022:RedemptionOrderV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the RedemptionOrder message to the executing party, eg, a transfer agent, to instruct the redemption of one or more financial instruments for one investment fund account.
Usage
The RedemptionOrder message is used to instruct single redemption orders, ie, a message containing one order for one financial instrument and related to one investment account. The RedemptionOrder message may also be used for multiple orders, ie, a message containing several orders related to the same investment account for different financial instruments. For a single redemption order, the RedemptionOrder message, not the RedemptionBulkOrder message, must be used. If there are redemption orders for the same financial instrument but for different accounts, then the RedemptionBulkOrder message must be used.
Main characteristics
The RedemptionOrder message has the following main characteristics:
Multiple Order Details
An order is composed of one or several individual orders. These individual orders have common characteristics such as the same investment account, the same cancellation right and the same place of trade. However, each individual order may specify a different financial instrument, quantity of financial instruments, commission levels, etc.
Redemption in GrossAmount or NetAmount or UnitsNumber or HoldingsRedemptionRate
The redemption quantity must be expressed in one of the following ways:
- GrossAmount: the monetary GROSS value of the financial instrument to be redeemed to, eg, the redemption of EUR 1,500 of financial instrument ISIN LU0123456789, or
- NetAmount: the monetary NET value of the financial instrument to be redeemed to, eg, the redemption of EUR 1,000 of financial instrument ISIN LU0123456789, or
- UnitNumber: the number of units of financial instrument to be redeemed to, eg, the redemption of 10 units of financial instrument ISIN LU0123456789.
- HoldingsRedemptionRate: the part of the portfolio to be redeemed, eg, the redemption of 10% of the holdings in financial instrument ISIN LU1234567890.
Cash Settlement
The cash settlement of a multiple order may be specified either as a single bulk payment, or as individual settlements for each order. Since the valuation and settlement cycle of all the investment funds in the multiple order may be different, there is no guarantee that a single bulk cash settlement can take place for all of the individual orders inside the multiple order. When a bulk cash settlement is not possible, specific cash settlement details may be included for each individual order inside a multiple order. If no standing instruction has been set up at the account level, then cash settlement information must be present in the message. If there is a standing instruction, but cash settlement information is also present in the message, then the cash settlement information in the message overrides the standing instruction.
Charge and Commission
Generally speaking, a charge is directly paid by the investor whereas a commission is paid by the fund to the intermediary. This rule might not apply to some specific markets. iso20022:RedemptionProcessBulkOrder iso20022:RedemptionProcessOrder - Messge linked to the process of redemtion of an investment fund iso20022:RequestForAccountManagementStatusReport - Scope
An account owner, eg, an investor or its designated agent, sends the RequestForAccountManagementStatusReport message to an account servicer, eg, a registrar, transfer agent or custodian bank to request the status of an AccountOpeningInstruction or an AccountModificationInstruction.
Usage
The RequestForAccountManagementStatusReport message is used to request the processing status of a previously sent AccountOpeningInstruction message or AccountModificationInstruction message for which a AccountDetailsConfirmation message has not yet been received. iso20022:RequestForOrderConfirmationStatusReportV01 - Scope
An executing party, eg, a transfer agent, send the RequestForOrderConfirmationStatusReport message to the instructing party, eg, an investment manager or its authorised representative, to request the status of one or several order confirmations.
Usage
The RequestForOrderConfirmationStatusReport message is used to request the status of either:
- one or several individual order confirmations, or,
- one or several order confirmation messages. The response to a RequestForOrderConfirmationStatusReport message is the OrderConfirmationStatusReport message.
When the RequestForOrderConfirmationStatusReport message is used to request the status of several individual order confirmations or one or more order confirmation messages, the executing party may receive several OrderConfirmationStatusReport messages from the instructing party.
When the RequestForOrderConfirmationStatusReport is used to request the status of one or more individual order confirmations, each individual order confirmation is identified with its order reference. The message identification of the message in which the individual order confirmation was conveyed may also be quoted in PreviousReference. When the RequestForOrderConfirmationStatusReport is used to request the status of an order confirmation message, then the message identification of the order confirmation message is identified in PreviousReference. iso20022:RequestForOrderStatusReportV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the RequestForOrderStatusReport to the executing party, eg, a transfer agent, to request the status of one or more order instruction or order cancellation request messages.
Usage
The RequestForOrderStatusReport message is used to request the status of:
- one or several individual order instructions, or,
- one or several order messages, or
- one or several individual order cancellation requests, or,
- one or several order cancellation request messages.
The response to a RequestForOrderStatusReport message is the OrderInstructionStatusReport message or OrderCancellationStatusReport message.
If the RequestForOrderStatusReport message is used to request the status of several individual order instructions or one or more order instruction messages, then the instructing party may receive several OrderInstructionStatusReport messages from the executing party.
If the RequestForOrderStatusReport message is used to request the status of several individual order cancellation requests or one or more order cancellation messages, then the instructing party may receive several OrderCancellationStatusReport messages from the executing party. When the RequestForOrderStatusReport is used to request the status of one or more individual orders or order cancellations, each individual order is identified with its order reference. The investment account and/or financial instrument related to the order can also be identified. The message identification of the message in which the individual order was conveyed may also be quoted in PreviousReference. When the RequestForOrderStatusReport is used to request the status of an order message or an order cancellations request message, then the message identification of the order or cancellation message is identified in PreviousReference. The RequestForOrderStatusReport message may not be used to request the status of an investment account, a transfer or the status of a financial instrument.
Main characteristics
The RequestForOrderStatusReport has the following characteristics:
References
It is mandatory to assign a message reference to the RequestForOrderStatusReport message. It is mandatory to quote the reference(s) of the order or order cancellation messages, for which a status is being requested.
InvestmentAccountDetails
The instructing party may quote account details to identify the account related to the order message for which the status is being requested. iso20022:RequestForPEPOrISAOrPortfolioInformationV01 - Scope
An instructing party, eg, a (new) plan manager sends the RequestForPEPorISAOrPortfolioInformation message to the executing party, eg, a (old) plan manager, on behalf of the initiating party, eg, an investor (client), to request information about financial instruments held on behalf of the client.
Usage
The RequestForPEPOrISAOrPortfolioInformation message is used to request information about one or more PEP or ISA or portfolio products held in a client's account for which it intends to instruct a transfer at a later time. iso20022:RequestForTransferStatusReportV02 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the RequestForTransferStatusReport to the executing party, eg, a transfer agent to request the status of a previously instructed transfer.
Usage
The RequestForTransferStatusReport is used to request either: - the status of one or several transfer instructions or, - the status of one or several transfer cancellation instructions. iso20022:ReversalOfTransferInConfirmationV02 - Scope
An executing party, eg, a transfer agent, sends the ReversalOfTransferInConfirmation message to the instructing party, eg, an investment manager or its authorised representative, to cancel a previously sent TransferInConfirmation message.
Usage
The ReversalOfTransferInConfirmation message is used to reverse a previously sent TransferInConfirmation. There are two ways to specify the reversal of the transfer in confirmation. Either:
- the business references, eg, TransferReference, TransferConfirmationIdentification, of the transfer confirmation are quoted, or,
- all the details of the transfer confirmation (this includes TransferReference and TransferConfirmationIdentification) are quoted but this is not recommended.
The message identification of the TransferInConfirmation message in which the transfer confirmation was conveyed may also be quoted in PreviousReference. The message reference (MessageIdentification) of the TransferInInstruction message in which the transfer instruction was conveyed may also be quoted in RelatedReference.
It is also possible to request a reversal of a TransferInConfirmation by quoting its message reference (MessageIdentification) in PreviousReference. iso20022:ReversalOfTransferOutConfirmationV02 - Scope
An executing party, eg, a transfer agent, sends the ReversalOfTransferOutConfirmation message to the instructing party, eg, an investment manager or its authorised representative, to cancel a previously sent TransferOutConfirmation message.
Usage
The ReversalOfTransferOutConfirmation message is used to reverse a previously sent TransferOutConfirmation. There are two ways to specify the reversal of the transfer out confirmation. Either:
- the business references, eg, TransferReference, TransferConfirmationIdentification, of the transfer confirmation are quoted, or,
- all the details of the transfer confirmation (this includes TransferReference and TransferConfirmationIdentification) are quoted but this is not recommended.
The message identification of the TransferOutConfirmation message in which the transfer out confirmation was conveyed may also be quoted in PreviousReference.
The message identification of the TransferOutInstruction message in which the transfer out instruction was conveyed may also be quoted in RelatedReference. iso20022:Securities events iso20022:Securities settlement iso20022:SecuritiesMessageRejectionV02 - Scope
An account servicer, eg, a registrar, transfer agent or custodian bank, sends the SecuritiesMessageRejection message to an account owner, eg, an investor or its authorised agent, to reject a previously received message on which action cannot be taken. The message may also be sent by the executing party, eg, transfer agent to the instructing party, eg, investment manager or its authorised representative to reject a previously received message on which action cannot be taken.
Usage
The SecuritiesMessageRejection message is used for the following reasons:
- the executing party does not recognise the linked reference, so the executing party cannot process the message
- the instructing party should not have sent the message. Reasons that a receiver does not expect a message include no SLA in place between the Sender and the Receiver. The SecuritiesMessageRejection message must not be used to reject an instruction message that cannot be processed for business reasons, eg, if information is missing in an instruction message or because securities are not available for settlement. iso20022:SingleAccountOrder - An order message is typically a message containing a single order or multiple orders (list of orders related to several financial instruments) for the same account. It is a 'shopping list' for one account. This type of order is typically sent by financial advisers or banks that are managing a portfolio for a particular account. iso20022:StatementMessage - Statement messages are used to report the holdings of or transactions on a specific account or sub-account on a specified
date or period.
These message definitions can be grouped into three categories:
- Accounting holdings statement,
- Custody holdings statement,
- Transactions statement.
For each category, two main flows are covered:
- the statement
- the statement cancellation
Additional message definitions, eg, request for statement message or statement of pending transactions will be available
in the next phases of the standards initiative. iso20022:StatementOfInvestmentFundTransactionsCancellationV02 - Scope
An account servicer, eg, a transfer agent sends the StatementOfInvestmentFundTransactionsCancellation message to an account owner, eg, an investment manager or its authorised representative to cancel a previously sent StatementOfInvestmentFundTransactions message.
Usage
The StatementOfInvestmentFundTransactionsCancellation message is used to cancel a previously sent StatementOfInvestmentFundTransactions message.
This message must contain the reference of the message to be cancelled.
This message may also contain all the details of the message to be cancelled, but this is not recommended. iso20022:StatementOfInvestmentFundTransactionsV02 - Scope
An account servicer, eg, a transfer agent sends the StatementOfInvestmentFundTransactions message to an account owner, eg, an investment manager or its authorised representative to provide detailed transactions (increases and decreases) of holdings which occurred during a specified period of time.
Usage
The StatementOfInvestmentFundTransactions message is used to list the holdings transactions of a single (master) account or several sub-accounts. This message should be used at a frequency agreed bi-laterally between the account servicer and the account owner.
This message must not be used in place of confirmation messages. iso20022:SubscriptionBulkOrderCancellationRequestV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the SubscriptionBulkOrderCancellationRequest message to the executing party, eg, a transfer agent, to request the cancellation of a previously sent SubscriptionBulkOrder instruction.
Usage
The SubscriptionBulkOrderCancellationRequest message is used to either:
- request the cancellation of an entire SubscriptionBulkOrder message, ie, all the individual orders that it contained, or,
- request the cancellation of one or more individual orders.
There is no amendment, but a cancellation and re-instruct policy.
There are two ways to use the message:
(1) When the SubscriptionBulkOrderCancellationRequest message is used to request the cancellation of an entire SubscriptionBulkOrder message, this can be done by either:
- quoting the order references of all the individual orders listed in the SubscriptionBulkOrder message, or,
- quoting the details of all the individual orders (this includes the OrderReference) listed in SubscriptionBulkOrder message, but this is not recommended.
The message identification of the SubscriptionBulkOrder message may also be quoted in PreviousReference. It is also possible to request the cancellation of an entire SubscriptionBulkOrder message by quoting its message identification in PreviousReference, but this is not recommended.
(2) When the SubscriptionBulkOrderCancellationRequest message is used to request the cancellation of one or more individual orders, this can be done by either:
- quoting the OrderReference of each individual order listed in the SubscriptionBulkOrder message, or,
- quoting the details of each individual order (including the OrderReference) listed in SubscriptionBulkOrder message, but this is not recommended. The message identification of the SubscriptionBulkOrder message in which the individual order was conveyed may also be quoted in PreviousReference. The deadline and acceptance of a cancellation request is subject to a service level agreement (SLA). This cancellation message is a cancellation request. There is no automatic acceptance of the cancellation. The rejection or acceptance of an SubscriptionBulkOrderCancellationRequest is made using an OrderCancellationStatusReport message. iso20022:SubscriptionBulkOrderConfirmationAmendmentV01 - Scope
An executing party, eg, a transfer agent sends the SubscriptionBulkOrderConfirmationAmendment message to the instructing party, eg, an investment manager or its authorised representative to amend a previously sent SubscriptionBulkOrderConfirmation message.
Usage
The SubscriptionBulkOrderConfirmationAmendment message is used to amend one or more previously sent subscription bulk order confirmations. Each bulk order confirmation amendment 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 orders were conveyed may also be quoted in RelatedReference.
The message identification of the SubscriptionBulkOrderConfirmation message in which the original order confirmations were conveyed may also be quoted in PreviousReference. iso20022:SubscriptionBulkOrderConfirmationCancellationInstructionV01 - Scope
An executing party, eg, a transfer agent sends the SubscriptionBulkOrderConfirmationCancellationInstruction message to the instructing party, eg, an investment manager or its authorised representative to cancel a previously sent SubscriptionBulkOrderConfirmation.
Usage
The SubscriptionBulkOrderConfirmationCancellationInstruction message is used to cancel one or more previously sent subscription bulk order confirmations. The amendment indicator element is used to specify whether the subscription bulk order confirmation cancellation is to be followed by a SubscriptionBulkOrderConfirmationAmendment.
The SubscriptionBulkOrderConfirmationCancellationInstruction message is used to either:
- cancel an entire SubscriptionBulkOrderConfirmation message, ie, all the individual order confirmations that it contained, or,
- request the cancellation of one or more individual confirmations.
There are two ways to use the message.
(1) When the SubscriptionBulkOrderConfirmationCancellationInstruction message is used to cancel an entire message, this can be done by either:
- quoting the business references, eg, OrderReference, Deal Reference, of all the individual order confirmations listed in the SubscriptionBulkOrderConfirmation message, or,
- quoting the details of all the individual order confirmations (this includes the OrderReference and DealReference) listed in SubscriptionBulkOrderConfirmation message but this is not recommended.
The message identification of the SubscriptionOrderConfirmation message may also be quoted in PreviousReference. It is also possible to instruct the cancellation of an entire confirmation message by quoting its message identification in PreviousReference, but this is not recommended.
(2) When the SubscriptionBulkOrderConfirmationCancellationInstruction message is used to cancel one or more individual order confirmations, this can be done by either:
- quoting the business references, eg, OrderReference, Deal Reference, of each individual order confirmation listed in the SubscriptionBulkOrderConfirmation message, or, - quoting the details of each individual order execution (this includes the OrderReference and DealReference) listed in SubscriptionBulkOrderConfirmation message but this is not recommended. The message identification of the SubscriptionBulkOrderConfirmation message in which the individual order confirmation was conveyed may also be quoted in PreviousReference.
The rejection or acceptance of a SubscriptionBulkOrderCancellationInstruction is made using an OrderConfirmationStatusReport message. iso20022:SubscriptionBulkOrderConfirmationV03 - Scope
An executing party, eg, a transfer agent sends the SubscriptionBulkOrderConfirmation message to the instructing party, eg, 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. iso20022:SubscriptionBulkOrderV03 - Scope
An instructing party, eg, an investment manager or its authorised representative sends the SubscriptionBulkOrder message to the executing party, eg, a transfer agent, to instruct a subscription to a financial instrument for two or more accounts.
Usage
The SubscriptionBulkOrder message is used to bulk several individual orders into one bulk order. The individual orders come from different instructing parties, ie, account owners, but are related to the same financial instrument.
This message will typically be used by a party collecting orders and bulking these individual orders into one bulk order before sending it to another party. For a single subscription order, the SubscriptionOrder message, not the SubscriptionBulkOrder message, must be used. If there are subscription orders for different financial instruments but for the same account, then the SubscriptionOrder must be used.
Main characteristics
The SubscriptionBulkOrder message has the following main characteristics:
Bulk Order
A bulk order is composed of several individual orders. These individual orders have common characteristics. They are for the same financial instrument, have the same cancellation rights, the same place of trade, the same requested net asset value (NAV) currency and the same requested settlement currency. However, each individual order can specify a different investment fund account, different quantities of financial instrument, different commission levels, etc. Except for these constraints, there are no specific guidelines on how to bulk individual orders.
Subscription in GrossAmount or NetAmount or UnitsNumber
The subscription quantity must be expressed in one of the following ways:
- GrossAmount: the monetary GROSS value of the financial instrument to be subscribed to, eg, the subscription of EUR 1,500 of financial instrument ISIN LU0123456789, or
- NetAmount: the monetary NET value of the financial instrument to be subscribed to, eg, the subscription of EUR 1,000 of financial instrument ISIN LU0123456789, or
- UnitNumber: the number of units of financial instrument to be subscribed to, eg, the subscription of 10 units of financial instrument ISIN LU0123456789.
Cash Settlement
The cash settlement of a bulk order may be specified in one of the two ways, either as a single bulk payment, or individual settlements for each order. There might be a standing instruction in place and therefore no need to repeat the cash settlement information in the order.
If no standing instruction has been set up at the account level, then cash settlement information must be present in the message. If there is a standing instruction, but cash settlement information is also present in the message, then the cash settlement information in the message overrides the standing instruction.
Charge and Commission
Generally speaking, a charge is directly paid by the investor whereas a commission is paid by the fund to the intermediary.
This rule might not apply to some specific markets. iso20022:SubscriptionOrderCancellationRequestV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the SubscriptionOrderCancellationRequest message to the executing party, eg, a transfer agent, to request the cancellation of a previously sent SubscriptionOrder.
Usage
The SubscriptionOrderCancellationRequest message is used to either:
- request the cancellation of an entire SubscriptionOrder message, ie, all the individual orders that it contained, or,
- request the cancellation of one or more individual orders. There is no amendment, but a cancellation and re-instruct policy.
There are two ways to use the message:
(1) When the SubscriptionOrderCancellationRequest message is used to request the cancellation of an entire SubscriptionOrder message, this can be done by either:
- quoting the order references of all the individual orders listed in the SubscriptionOrder message, or,
- quoting the details of all the individual orders (this includes the OrderReference) listed in SubscriptionOrder message, but this is not recommended. The message identification of the SubscriptionOrder message may also be quoted in PreviousReference.
It is also possible to request the cancellation of an entire SubscriptionOrder message by quoting its message identification in PreviousReference, but this is not recommended.
(2) When the SubscriptionOrderCancellationRequest message is used to request the cancellation of one or more individual orders, this can be done by either:
- quoting the OrderReference of each individual order listed in the SubscriptionOrder message, or,
- quoting the details of each individual order (including the OrderReference) listed in SubscriptionOrder message, but this is not recommended. The message identification of the SubscriptionOrder message in which the individual order was conveyed may also be quoted in PreviousReference.
The deadline and acceptance of a cancellation request is subject to a service level agreement (SLA). This cancellation message is a cancellation request. There is no automatic acceptance of the cancellation.
The rejection or acceptance of a SubscriptionOrderCancellationRequest is made using an OrderCancellationStatusReport message. iso20022:SubscriptionOrderConfirmationAmendmentV01 - Scope
An executing party, eg, a transfer agent, sends the SubscriptionOrderConfirmationAmendment message to the instructing party, eg, an investment manager or its authorised representative to amend a previously sent SubscriptionOrderConfirmation.
Usage
The SubscriptionOrderConfirmationAmendment message is used to amend one or more previously sent subscription order confirmations. Each individual order confirmation amendment specified is identified in DealReference. The reference of the original individual order is specified in OrderReference. The message identification of the SubscriptionOrder message in which the individual orders were conveyed may also be quoted in RelatedReference.
The message identification of the SubscriptionOrderConfirmation message in which the original order confirmations were conveyed may also be quoted in PreviousReference. iso20022:SubscriptionOrderConfirmationCancellationInstructionV01 - Scope
An executing party, eg, a transfer agent, sends the SubscriptionOrderConfirmationCancellationInstruction message to the instructing party, eg, an investment manager or its authorised representative to cancel a previously sent SubscriptionOrderConfirmation.
Usage
The SubscriptionOrderConfirmationCancellationInstruction message is used to cancel one or more previously sent subscription order confirmations. The amendment indicator element is used to specify whether the subscription order confirmation cancellation is to be followed by a SubscriptionOrderConfirmationAmendment.
The SubscriptionOrderConfirmationCancellationInstruction message is used to either:
- cancel an entire SubscriptionOrderConfirmation message, ie, all the individual order confirmations that it contained, or,
- request the cancellation of one or more individual confirmations.
There are two ways to use the message.
(1) When the SubscriptionOrderConfirmationCancellationInstruction message is used to cancel an entire message, this can be done by either:
- quoting the business references, eg, OrderReference, Deal Reference, of all the individual order confirmations listed in the SubscriptionOrderConfirmation message, or,
- quoting the details of all the individual order confirmations (this includes the OrderReference and DealReference) listed in SubscriptionOrderConfirmation message but this is not recommended. The message identification of the SubscriptionOrderConfirmation message may also be quoted in PreviousReference.
It is also possible to instruct the cancellation of an entire confirmation message by quoting its message identification in PreviousReference.
(2) When the SubscriptionOrderConfirmationCancellationInstruction message is used to cancel one or more individual order confirmations, this can be done by either:
- quoting the "business" references, eg, OrderReference, Deal Reference, of each individual order confirmation listed in the SubscriptionOrderConfirmation message, or,
- quoting the details of each individual order execution (this includes the OrderReference and DealReference) listed in SubscriptionOrderConfirmation message but this is not recommended. The message identification of the SubscriptionOrderConfirmation message in which the individual order confirmation was conveyed may also be quoted in PreviousReference.
The rejection or acceptance of a SubscriptionOrderConfirmationCancellationInstruction is made using an OrderConfirmationStatusReport message. iso20022:SubscriptionOrderConfirmationV03 - Scope
An executing party, eg, a transfer agent, sends the SubscriptionOrderConfirmation message to the instructing party, eg, an investment manager or its authorised representative to confirm the details of the execution of a SubscriptionOrder instruction.
Usage
The SubscriptionOrderConfirmation message is used to confirm the execution of one or more individual orders. A SubscriptionOrder message containing more than one individual order may be responded to by more than one SubscriptionOrderConfirmation 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 SubscriptionOrder message in which the individual orders 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 must be based on the references. A SubscriptionOrder must in all cases be responded to by a SubscriptionOrderConfirmation message and in no circumstances by a SubscriptionBulkOrderConfirmation message. If the executing party needs to confirm a SubscriptionBulkOrder message, then a SubscriptionBulkOrderConfirmation message must be used. iso20022:SubscriptionOrderV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the SubscriptionOrder message to the executing Party, eg, a transfer agent, to instruct the subscription of one or more financial instruments for one investment fund account.
Usage
The SubscriptionOrder message is used to instruct single subscription orders, ie, a message containing one order for one financial instrument and related to one investment account. The SubscriptionOrder message may also be used for multiple orders, ie, a message containing several orders related to the same investment account for different financial instruments. For a single subscription order, the SubscriptionOrder message, not the SubscriptionBulkOrder message, must be used. If there are subscription orders for the same financial instrument but for different accounts, then the SubscriptionBulkOrder message must be used.
Main characteristics
The SubscriptionOrder message has the following main characteristics:
Multiple Order Details
An order is composed of one or several individual orders. These individual orders have common characteristics such as the same investment account, the same cancellation right and the same place of trade. However, each individual order may specify a different financial instrument, quantity of financial instrument, commission levels, etc.
Subscription in GrossAmount or NetAmount or UnitsNumber
The subscription quantity must be expressed in one of the following ways:
- GrossAmount: the monetary GROSS value of the financial instrument to be subscribed to, eg, the subscription of EUR 1,500 of financial instrument ISIN LU0123456789, or
- NetAmount: the monetary NET value of the financial instrument to be subscribed to, eg, the subscription of EUR 1,000 of financial instrument ISIN LU0123456789, or
- UnitNumber: the number of units of financial instrument to be subscribed to, eg, the subscription of 10 units of financial instrument ISIN LU0123456789.
Cash Settlement
The cash settlement of a multiple order may be specified either as a single bulk payment, or as individual settlements for each order. Since the valuation and settlement cycle of all the investment funds in the multiple order may be different, there is no guarantee that a single bulk cash settlement may take place for all of the individual orders inside the multiple order. When a bulk cash settlement is not possible, specific cash settlement details may be included for each individual order inside a multiple order. If no standing instruction has been set up at the account level, then cash settlement information must be present in the message. If there is a standing instruction, but cash settlement information is also present in the message, then the cash settlement information in the message overrides the standing instruction.
Charge and Commission
Generally speaking, a charge is directly paid by the investor whereas a commission is paid by the fund to the intermediary. This rule might not apply to some specific markets. iso20022:SubscriptionProcessBulkOrder iso20022:SubscriptionProcessOrder - Messges linked to the process of subscribing an investment fund iso20022:SwitchOrderCancellationRequestV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the SwitchOrderCancellationRequest message to the executing party, eg, a transfer agent, to request the cancellation of a previously sent SwitchOrder instruction.
Usage
The SwitchOrderCancellationRequest is used to cancel the entire previously sent SwitchOrder instruction and all the individual legs that it contains.
There is no amendment, but a cancellation and re-instruct policy. there are two ways to specify the switch cancellation. Either:
- the order reference of the original switch order is quoted, or,
- all the details of the original switch order (this includes the OrderReference) are quoted, but this is not recommended.
The message identification of the SwitchOrder message may also be quoted in PreviousReference. It is also possible to request the cancellation of a SwitchOrder message by quoting its message identification in PreviousReference, but this is not recommended. The deadline and acceptance of a cancellation request is subject to a service level agreement (SLA). This cancellation message is a cancellation request.
There is no automatic acceptance of the cancellation request. The rejection or acceptance of a SwitchOrderCancellationRequest is made using an OrderCancellationStatusReport message. iso20022:SwitchOrderConfirmationAmendmentV01 - Scope
An executing party, eg, a transfer agent, sends the SwitchOrderConfirmationAmendment message to the instructing party, eg, an investment manager or its authorised representative to amend a previously sent SwitchOrderConfirmation message.
Usage
The SwitchOrderConfirmationAmendment message is used to amend a previously sent switch order confirmation. Each order confirmation amendment specified is identified in DealReference. The reference of the original 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. The message identification of the SwitchOrderConfirmation message in which the original switch order confirmation was conveyed may also be quoted in PreviousReference. iso20022:SwitchOrderConfirmationCancellationInstructionV01 - Scope
An executing party, eg, a transfer agent, sends the SwitchOrderConfirmationCancellationInstruction message to the instructing party, eg, an investment manager or its authorised representative to amend a previously sent SwitchOrderConfirmation message.
Usage
The SwitchOrderConfirmationCancellationInstruction message is used to cancel a previously sent SwitchOrderConfirmation. The amendment indicator element is used to specify whether the switch order confirmation cancellation is to be followed by a switch order confirmation amendment.
There are two ways to specify the switch order confirmation cancellation.
Either:
- the business references, eg, OrderReference, DealReference, of the switch order confirmation are quoted, or,
- all the details of the switch order confirmation (this includes the OrderReference and DealReference) are quoted, but this is not recommended.
The message identification of the SwitchOrderConfirmation message may also be quoted in PreviousReference. It is also possible to instruct the cancellation of the confirmation message by quoting its message identification in PreviousReference, but this is not recommended. iso20022:SwitchOrderConfirmationV03 - Scope
An executing party, eg, a transfer agent, sends the SwitchOrderConfirmation message to the instructing party, eg, 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.
Limitations on Switch Legs and Accounts
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. iso20022:SwitchOrderV03 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the SwitchOrder message to the executing party, eg, a transfer agent, to instruct a switch transaction from a financial instrument or multiple financial instruments to a different specified financial instrument or instruments for a specified amount/quantity.
Usage
The SwitchOrder message is used to either:
- instruct one switch transaction comprising one or more redemption legs and one or more subscription legs, ie, a single switch transaction that can be a one to one, many to one, many to many or one to many switch transaction, or,
- instruct one or many switch transactions each comprising one redemption leg and one subscription leg, ie, multiple simple switch transactions.
The SwitchOrder message may be used to either:
- instruct a switch transaction for one investment account, or,
- instruct a switch transaction for separate accounts at the redemption and subscription leg levels.
Main characteristics
The SwitchOrder message has the following main characteristics:
Complex Switch
The message may cater for a switch from one financial instrument to another financial instrument (within the same fund family), many to one, many to many and one to many.
Cash-in or Cash-out
The switch message caters for switch transactions that result in an additional cash payment from the investor or a transaction that results in a net payment to the investor. Not all institutions or funds permit this type of switch and acceptance is therefore not automatic.
Limitations on Switch Legs and Accounts
There is no limitation on the number of switch legs in a switch message. The number allowed is defined by the fund prospectus or by the service level agreement (SLA) in place between the two parties. However, if the SwitchOrderDetails sequence is present more than once, then the RedemptionLegDetails and SubscriptionLegDetails sequences may only be present once. If SwitchOrderDetails\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.
Switch Driver Type
There is no switch driver type in the message to indicate whether the switch is buy or sell driven. A driver is not needed since it is possible to indicate the total subscription amount or the total redemption amount.
Only one of these two amounts should be used.
Subscription in Amount, Unit or Percentage
The subscription quantity can be expressed in one of the following ways:
- Amount: the monetary value (either GROSS or NET) of the financial instrument to be subscribed to, eg, the subscription of EUR 1,000 of financial instrument ISIN LU1234567890 or
- Unit: the number of units of the financial instrument to be subscribed to, eg, the subscription of 10 units of financial instrument ISIN LU1234567890 or
- Percentage of the total redemption amount: when the switch transaction is redemption driven, it is the part of the redemption amount that must be switched to a specific financial instrument, eg, the subscription quantity of financial instrument ISIN LU1234567890 represents 50% of the redemption amount of the financial instrument ISIN LU4444444444.
Redemption in Amount, Unit, Rate or Percentage
The redemption quantity can be expressed in one of the following ways:
- Amount: the monetary value (either GROSS or NET) of the financial instrument to be redeemed, eg, the redemption of EUR 1,000 of financial instrument ISIN LU1234567890, or
- Unit: the number of units of financial instrument to be redeemed, eg, the redemption of 10 units of financial instrument ISIN LU1234567890, or
- Rate: the part of the portfolio to be redeemed, eg, the redemption of 10% of the holdings in financial instrument ISIN LU1234567890, or
- Percentage of the total subscription amount: when the switch transaction is subscription driven, it is the part of the subscription amount that must be the result of the redemption of a specific financial instrument, eg, the redemption quantity in financial instrument ABC represents 50% of the subscription amount of the financial instrument ISIN LU4444444444. iso20022:SwitchProcessOrder iso20022:System event notification v01 iso20022:TransferCancellationStatusReportV02 - Scope
An executing party, eg, a transfer agent, sends the TransferCancellationStatusReport message to the instructing party, eg, an investment manager or one of its authorised representatives to provide the status of a previously received transfer cancellation instruction.
Usage
The TransferCancellationStatusReport message is used to report on the status of a transfer in or transfer out cancellation request. The reference of the transfer instruction for which the cancellation status is reported is identified in TransferReference.
The message identification of the transfer cancellation request message in which the transfer instruction was conveyed may also be quoted in RelatedReference. The message identification of the transfer instruction request message in which the transfer instruction was conveyed may also be quoted in RelatedReference.
One of the following statuses can be reported:
- the transfer cancellation is accepted, or,
- the transfer cancellation has been sent to the next party, or,
- the transfer cancellation is complete and the reason for the status,
- the transfer cancellation pending and the reason for the status,
- the transfer cancellation is rejected and the reason for the status. iso20022:TransferConfirmationAndCancellationMessage - Transfer message definitions are used to instruct the transfer of a given amount/quantity of a specified financial instrument
from one account to another own account or to a third party account.
These message definitions can be grouped into two categories:
- Transfer out,
- Transfer in.
Specific message definitions have been created for transfer out and transfer in. As processing of transfers is different for
many institutions, there is a need to differentiate at message type level.
For each category, four main flows are covered:
- the transfer instruction,
- the transfer cancellation request,
- the transfer confirmation,
- the reversal of the transfer confirmation. iso20022:TransferInCancellationRequestV02 - Scope
An instructing party, eg, a transfer agent, sends the TransferInCancellationRequest message to the executing party, eg, a transfer agent, to request the cancellation of a previously sent TransferInInstruction.
Usage
The TransferInCancellationRequest message is used to request cancellation of a previously sent TransferInInstruction. There are two ways to specify the transfer cancellation request. Either:
- the transfer reference of the original transfer is quoted, or,
- all the details of the original transfer (this includes TransferReference) are quoted but this is not recommended.
The message identification of the TransferInInstruction message in which the transfer was conveyed may also be quoted in PreviousReference.
It is also possible to request the cancellation of a TransferInInstruction message by quoting its message identification in PreviousReference. iso20022:TransferInConfirmationV02 - Scope
An executing party, eg, a transfer agent, sends the TransferInConfirmation message to the instructing party, eg, an investment manager or its authorised representative, to confirm the receipt of a financial instrument, free of payment, on a given date, from a specified party. This message may also be used to confirm the receipt of a financial instrument, free of payment, from another of the instructing parties own accounts or from a third party.
Usage
The TransferInConfirmation message is used to confirm receipt of a financial instrument, either from another account owned by the instructing party or from a third party.
The reference of the transfer confirmation is identified in TransferConfirmationReference. The reference of the original transfer instruction is specified in TransferReference. The message identification of the TransferInInstruction message in which the transfer instruction was conveyed may also be quoted in RelatedReference.
Main characteristics
TheTransferInConfirmation message has the following characteristics:
Physical or Non-physical transfers.
The message confirms either a physical transfer or a non-physical transfer.
The type of transfer must be indicated using the PhysicalTransferIndicator.
Own account or third party transfers.
The message confirms either a transfer of securities between two accounts owned by the same instructing party, or a transfer to a third party. The type of transfer may be indicated using OwnAccountTransferIndicator. iso20022:TransferInInstructionMessage iso20022:TransferInInstructionV02 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the TransferInInstruction message to the executing party, eg, a transfer agent, to instruct the receipt of a financial instrument, free of payment, on a given date from a specified party. This message may also be used to instruct the receipt of a financial instrument, free of payment, from another of the instructing parties own accounts or from a third party.
Usage
The TransferInInstruction message is used to instruct the receipt of a financial instrument from another account, either owned by the instructing party or by a third party. Main characteristics
The TransferInInstruction message has the following characteristics:
Physical or Non-physical transfers
The message instructs either a physical transfer or a non-physical transfer. The type of transfer must be indicated using the PhysicalTransferIndicator.
Own account or third party transfers
The message either instructs a receipt of securities between two accounts owned by the same instructing party, or a receipt from a third party. The type of transfer may be indicated using the OwnAccountTransferIndicator. iso20022:TransferInstructionStatusReportV02 - Scope
An executing party, eg, a transfer agent, sends the TransferInstructionStatusReport message to the instructing party, eg, an investment manager or one of its authorised representatives to provide the status of a previously received transfer instruction.
Usage
The TransferInstructionStatusReport message is used to report on the status of a transfer in or transfer out instruction. The reference of the transfer instruction for which the status is reported is identified in TransferReference.
The message identification of the transfer instruction message in which the transfer instruction was conveyed may also be quoted in RelatedReference.
One of the following statuses can be reported:
- an accepted status, or,
- an already executed status, or,
- a sent to next party status, or,
- a matched status, or,
- a settled status, or,
- a pending settlement status and the reason for the status, or,
- an unmatched status and the reason for the status, or,
- an in-repair status and the reason for the status, or,
- a rejected status and the reason for the status, or,
- a failed settlement status and the reason for the status, or,
- a cancelled status and the reason for the status, or,
- a cancelled status and the reason for the status, or,
- a cancellation pending status and the reason for the status.
Main characteristics
The TransferInstructionStatusReport message has the following characteristics:
References
It is mandatory to include the reference of the previously sent transfer instruction for which the Sender is requesting a status.
Status Report
It is mandatory to specify either the status of the instruction or why this is not possible. iso20022:TransferOutCancellationRequestV02 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the TransferOutCancellationRequest message to the executing party, eg, a transfer agent, to request the cancellation of a previously sent TransferOutInstruction.
Usage
The TransferOutCancellationRequest message is used to request cancellation of a previously sent TransferOutInstruction. There are two ways to specify the transfer cancellation request. Either:
- the transfer reference of the original transfer is quoted, or,
- all the details of the original transfer (this includes TransferReference) are quoted but this is not recommended.
The message identification of the TransferOutInstruction message in which the original transfer was conveyed may also be quoted in PreviousReference.
It is also possible to request the cancellation of a TransferOutInstruction message by quoting its message identification in PreviousReference. iso20022:TransferOutConfirmation - Scope
An executing party, eg, a transfer agent, sends the TransferOutConfirmation message to the instructing party, eg, an investment manager or its authorised representative, to confirm the delivery of a financial instrument, free of payment, on a given date, to a specified party. This message may also be used to confirm the delivery of a financial instrument, free of payment, to another of the instructing parties own accounts or to a third party.
Usage
The TransferOutConfirmation message is used to confirm the withdrawal of a financial instrument from the owner's account and its delivery to another own account, or to a third party, has taken place. The reference of the transfer confirmation is identified in TransferConfirmationReference.
The reference of the original transfer instruction is specified in TransferReference.
The message identification of the TransferOutInstruction message in which the transfer instruction was conveyed may also be quoted in RelatedReference.
Main characteristics
The TransferOutConfirmation message has the following characteristics:
Physical or Non-physical transfers
The message confirms either a physical transfer or a non-physical transfer. The type of transfer must be indicated using the PhysicalTransferIndicator.
Own account or third party transfers
The message confirms either a transfer of securities between two accounts owned by the same instructing party, or a transfer to a third party.
The type of transfer may be indicated using OwnAccountTransferIndicator. iso20022:TransferOutInstructionMessage iso20022:TransferOutInstructionV02 - Scope
An instructing party, eg, an investment manager or its authorised representative, sends the TransferOutInstruction message to the executing party, eg, a transfer agent, to instruct the delivery of a financial instrument, free of payment, on a given date from a specified party. This message may also be used to instruct the delivery of a financial instrument, free of payment, to another of the instructing parties own accounts or to a third party.
Usage
The TransferOutInstruction message is used to instruct the withdrawal of a financial instrument from one account and deliver it to either another account or to a third party. iso20022:TransferStatusAndRequestForTransferStatusMessage - These transfer status report message definitions allow to report on the status of transfer messages and transfer cancellation
instruction messages, and to request a status report.
The TransferInstructionStatusReport message definition covers the message flow between an instructing party and an
executing party. It informs the instructing party on the status of its transfer message, ie, TransferOutInstruction or
TransferInInstruction.
The TransferCancellationStatusReport message definition covers the message flow between an instructing party and an
executing party. It informs the instructing party on the status of its transfer cancellation instruction message, ie,
TransferOutCancellationRequest or TransferInCancellationRequest.
The RequestForTransferStatusReport message definition covers the message flow between an instructing party and an
executing party. It requests the status of a transfer message or a transfer cancellation instruction message. ISOCodes - Different public ISO codes used in the ontology issue date - Initial issue date of the financial instrument issuer - The issuer of the financial instrument.
The party who the financial means are ultimately destined and who will use these means economically.
Compare to the issuer in second rang. issuer in 2nd rang - The financial institution or fiduciary company which issues certificates as counterpart of a deposit of original shares.
E.G. issuer of ADR's. issuer name - Party that issues a payment card, as expressed by a numeric identification of the card issuer according to ISO/IEC 7812-1. j.0:hasXNStatus j.0:isTriggerFor - The values are trigger for the procedure steps of pocesses specified on the right side: ProcessAndProcedure j.0:ProcessTrigger - The triggers to start a process Junior - Asset backed, mortgage backed or other securities are often issued in tranches.
The subscrbers to the last issues of tranches of the debt are junior holders and have lower priority on the senior holders. Lead - lead manager - The commercial or investment bank with the primary responsibility for organizing syndicated bank credit or bond issued. The lead manager recruits additional lending or underwriting banks, negotiates terms of the issue with the issuer, and assesses market conditions.
Copyright © 2000, Campbell R. Harvey. All Rights Reserved. Lean hogs - Legal restriction on production - If there are legal restrictions on the production by the producers, e.g. cars with high carbon dioxide emission:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Legal restriction on sales - If there are legal restrictions on the purchases by the customers, e.g. alcohol by young persons:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Legal restriction on stock trade - If there are legal restrictions on the issuance of stock, e.g. stock with mortgages as collateral are evaluated less than 100%, this means:
- need more collaterals as guarantee for loans
- increased costs for borrowing
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the purchase of stock is legally restricted, e.g. of so-called fiscal paradises, this means:
- less demand for the stock
- prices, thus valuation falling LegalRestrictionRiskProfile - Examples of risk occurences:
- Customer area
If there are legal restrictions on the purchases by the customers, e.g. alcohol by young persons:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Producer area
If there are legal restrictions on the production by the producers, e.g. cars with high carbon dioxide emission:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Issuer area
If there are legal restrictions on the issuance of stock, e.g. stock with mortgages as collateral are evaluated less than 100%, this means:
-- need more collaterals as guarantee for loans
-- increased costs for borrowing
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Holder area
If the purchase of stock is legally restricted, e.g. of so-called fiscal paradises, this means:
-- less demand for the stock
-- prices, thus valuation falling LegalRestrictionRiskSymptom - Legal restriction risk symptom on which a risk profile is based. Liabilities - The debts of the entity the accounting is done for.
The equity capital is included since it is considered a debt against the share-holders. Limited LiquidityRiskProfile - Example of risk occurence:
- Issuer area
If some capital markets would become unaccessible:
-- less capital gathering possibilities
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Holder area
Due to stricter regulatory measures, liquidity decreases, with higher risk premiums as consequence:
-- less demand for the stock
-- prices, thus valuation falling LiquidityRiskSymptom - Liquidity symptoms on which a risk profile is based. Live cattle - Load - Fee to enter and/or leave a fund load - The fiscal nature of income. LongTermLiabilities - Debts which are fixed for more than 1 year, including the equity capital. Loss of worth of the underlying or collateral - If the underlying assets become less worth, this means:
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the underlying values become less worth, this means:
- prices, thus valuation is lowered Low direct stock price impact Low indirect stock price impact Low profitability impact Low risk probability Low solvability impact LowProfitabilityImpact LowRiskProbability LowSolvabilityImpact LowStockPriceImpact Magnesium - Management errors - Pure but mainly judgement errors from members of the management team. ManagementFee - The services rendered in the field of portfolio management.
- advisory
- discretionary ManagementRiskProfile - Examples of management risks
- Issuer and producer areas
Management errors are a risk factor for the issuer.
Signs of dangerous management behaviour are (from empiric studies):
-- the management did not learn from errors in the past since there were no errors commitet
-- the management decides from “the stomac”
-- only successes lived in the past
with as result:
-- less profit by the issuer or producer in the short term
-- less solvability by the issuer or producer in the long term ManagementRiskSymptom - Management symptoms on which a risk profile is based. Mandatory - The interests are allways capitalized MandatoryCorporateAction - Service of executing mandatory corporate actions: coupon payments, reimbursements,... Manganese - Manufactured house - Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use.
In the United States, the term manufactured home; specifically refers to a house built entirely in a protected environment under a federal code set by the US Department of Housing and Urban Development. The term mobile home; describes factory-built homes produced prior to the 1976 HUD Code enactment.
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License. Manufactured housing - Market introduction - The stock is being introduced to the market. Materialized till - When a dematerialization operation starts, during years the financial instrument is available under the materialized and the scriptural form.
This date indicates the ultimate date at which materialized financial instruments can be handled. Medium direct stock price impact Medium indirect stock price impact Medium profitability impact Medium risk probability Medium solvability impact MediumProfitabilityImpact MediumRiskProbability MediumSolvabilityImpact MediumStockPriceImpact MerchantBanking - Contact points for corporations and wealthy customers Miscellaneous debt - Other debt instruments Miscellenaous instrument - Miscellaneous financial instruments with miscellaneous assets as collateral. Miscellenaous option - Other than regular options. Miscellenaous right - Other than regular rights Mixed fund - Part of the income is paid out. Molybdenum - Money market instrument - Treasury bills, market paper,.. monitoring - For the financial instrument at the left side of the relation, the status of monitoring news with the data provider is represented by individuals on the right side of the relation. MonitoringStatus - The contract status with a dataprovider on instrument update information. Mortgage backed debt - Also called a Mortgage-Backed Security (MBS).
Is a formal promise to repay a debt with as collateral a pool of mortgages.
The underlying mortgages can be payed back in advance or curtailed.
The monthly payments are variable. MPTC - Mortgage Pass Thru Certificate.
A security backed by a pool of residential mortgage debts.
The payments of principal and interests is passed to the holders of the financial instruments.
Formerly Ginnie Mae and Freddie Mac agencies notably issued these certificates. MTN - A Medium Term Note is a debt note that usually matures (is paid back) in 5-10 years, but the term may be as short as one year. They're normally issued on a floating basis such as Euribor +/- basis points. When they are issued in euro they are Euro Medium Term Notes
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License Municipal BAN - Bond Anticipating Note.
Short term debt instruments issued until long term instruments are issuable.
The long term debt covers the repayments in principal and interest of the BAN's. Municipal debt - A formal promise to repay a debt issued by a US state or local government agency.
The bond is often exempt from federal and state income tax. Municipal RAN - Revenue Anticipating Note.
RANs are issued by states and municipalities in order to finance current operations in anticipation of future revenues. These notes are municipal securities that are one-year, interest-bearing debt obligations. Municipal strip - The municipal bond got the coupons stripped off.
These coupons are traded separately. Municipal TAN - Tax Anticipating Notes.
TANs are issued by states and municipalities in order to finance current operations in anticipation of future tax receipts.
These notes are municipal securities that are one-year, interest-bearing debt obligations. Municipal VRDO - Variable Rate Demand Obligation. (also called VRDN's N stands for Notes).
The interest rate is reset on basis of an index of short-term municipal debt rates. Municipality - Mutual fund - Investment companies forming pools to invest cash in assets according to the fund's investment charter. N-None - No fiscal nature as income for structured products. Naked warrant - Naked warrants are issued without accompanying bond and traded separatelly on the market.
Mainly institutionnal investors are trading them. NationalBank - The national banks from which credits can be obtained or furnished by local banks. Nationalization - If the issuer or producers are nationalized, this means:
- profits are going down in the general interest
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Natural gas - Near to certainty Near to no risk Negative pledge net amount - Amount of money used to derive the quantity in units. Currency must be provided. new issue is - Has as new issue the financial instrument represented by the right side of the relation. Nickel - Nil paid - There are no payments on the shares No capitalization - Capuitalization of interests is impossible No load - There is no fee at purchase or sale of the fund.
Probably because the deal is done straight with the issuer of the shares. Nominal - The posting unit is per nominal value in currency nominal issue price - Value at the moment of the issue. The issue price in facial currency if the price was expressed in nominal price. nominal value - The denomination of the financial instrument in facial currency. Non red exch extd - The preferred shares are not benefitting of the advantages:
The shareholder has the option to sell back his share at issue price (or the price agreed at issuance). The option can be exercised at certain period(s) in time.
The holder of the preferred share has the option to exchange his preferred shares, during a predefined period, against common shares of a different corporation.
The preference treatment is lenghtened in time.
Example: if a fixed dividend is paid to the preferred shares before any other dividend payment,
if the benefits of the year do not allow the payment of such preference dividend,
then the preferred dividends shall be paid from the later benefits, as soon as the profits permit the payment. And this before any oither dividend payment. Non voting rights - No voting rights for the shares. None NonResidentCapitalOwner - Capital owner is a fiscal non-resident in the fiscal country of the principal. His fiscal country is different from the principal's. NonResidentIncomeOwner - Income owner is a fiscal non-resident in the fiscal country of the principal. His fiscal country is different from the principal's. Normal Normal rate income - The owners of preferred shares get an income per share or per facial value or per issue value before any payment of regular dividends to the regular shareholders. The income is linked to the interest rate at 1 year. Example with saving funds rate as reference. NOSTRO - The account in the principal's books of holdings of another financial institution. NostroAccountPosition - The position in financial instruments of the account NostroCashAccount NostroSecuritiesAccount Note - A written debt instrument with an amount and evenrtually interest to be paid generally on terms between 1 and 10 years. Number sequence - The sequence of the number.
This is higher than 1 in case new couponseries have been issued in the past. NYRS Common share - New York registry share. What Unilever says:
Can you explain the difference between Unilever NV ordinary shares (or depositary receipts thereof) in the Netherlands & the New York registry shares?
Practically there is no difference. A New York registry share is a share of Unilever NV's New York registry, representing equity ownership in Unilever NV, allowing for a part of the capital of Unilever NV to be outstanding in the US and part in the home market. New York registry shares are issued by a US transfer agent and registrar (Citibank, N.A.) on behalf of Unilever NV and created against the cancellation of the local share by the local registrar. One New York registry share is the equivalent of one Unilever NV ordinary share (or depositary receipt thereof). The dividends on the New York registry shares are paid in USD.
NYRS Preference share - New York registry share. What Unilever says:
Can you explain the difference between Unilever NV ordinary shares (or depositary receipts thereof) in the Netherlands & the New York registry shares?
Practically there is no difference. A New York registry share is a share of Unilever NV's New York registry, representing equity ownership in Unilever NV, allowing for a part of the capital of Unilever NV to be outstanding in the US and part in the home market. New York registry shares are issued by a US transfer agent and registrar (Citibank, N.A.) on behalf of Unilever NV and created against the cancellation of the local share by the local registrar. One New York registry share is the equivalent of one Unilever NV ordinary share (or depositary receipt thereof). The dividends on the New York registry shares are paid in USD.
NYRS Preferred share - New York registry share. What Unilever says:
Can you explain the difference between Unilever NV ordinary shares (or depositary receipts thereof) in the Netherlands & the New York registry shares?
Practically there is no difference. A New York registry share is a share of Unilever NV's New York registry, representing equity ownership in Unilever NV, allowing for a part of the capital of Unilever NV to be outstanding in the US and part in the home market. New York registry shares are issued by a US transfer agent and registrar (Citibank, N.A.) on behalf of Unilever NV and created against the cancellation of the local share by the local registrar. One New York registry share is the equivalent of one Unilever NV ordinary share (or depositary receipt thereof). The dividends on the New York registry shares are paid in USD.
O-Open end - The sharecapital is open and unfixed.
These parts are normally not traded on the exchanges, they can be purchased directly from the from the company.You have to negatiate them with the emittor. The price will be near the intrinsic value + step in costs (or less step out costs).
Synonyms with mutual funds (US), SICAVs (continental Europe), unit trusts (or OEIC's Open Ended Investment Companies) in the UK. Oats - office - Office real estate - Real estate to accomodate offices as main purpose OperationalRiskProfile - Example of operational risk:
- Producer area
Deliveries delayed, image damaged, poorer quality:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term OperationalRiskSymptom - Operational symptoms on which a risk profile is based. Operations - Organization of operational entities option contracts - Option contracts as underlying assets Option instrument - The right to buy or sell a stock, an index valued in currency or other asset, at a specified price within a predefined period. option sheme type - Distinguishes the exercice date or period, the maturity date and other characteristics of an option. option spreads - Option spread as underlying assets Optional - Capitalization of interests is optionaly possible. Organization - Reference to the organisational structure of the principal is made for:
- indication of the performer of procedure steps
- commission calculations
- common income- and cost attributions
- authorizations
- destination for files and reports
- contactpoints for questions and issues
- ... Other debt instrument - Other debt instruments than asset backed, mortgage backed, municipal and treasury instruments other financial asset - Miscellenaous fianancial assets as entitlement other financial assets - Miscellenaous fianancial assets as underlying assets Other instrument - Other financial instruments than debt-, derivative-, entitlement-, equity-, fund- or package instruments. OtherDebtors Ownership - What kind of ownership on the security is allowed. ownership restriction - What kind of ownership on the security is allowed. P-Physical - The delivery has to be done in kind, thus physically. Packaged unit - Combination of several financial instruments. Palladium - Palm oil - Participating income - The owners of preferred shares share the benefits above a treshold with the owners of regular shares. parties:genericPartyDataProvider Partly paid - The shares are partly paid. paying agent - The party, financial institution or other agency, which has been appointed by the issuer as paying agent for the principal and interests or dividends.
In the context of the investment fund industry, the paying agent is the local legal representative of the fund. It may pay out dividends, and collects money for the purchase of funds when a client deals directly with the fund and/or when a client deals with bearer shares. It pays out the redemption of the fund, may distribute information about the fund, and provides legal information about the fund. Payment instrument - payment status - What is the payment status of the shares by the shareholders. PaymentStatus - What is the payment status of the shares by the shareholders. pcsTrgAbnormalTransaction - Some exemples of abnormal transactions:
- the information provided arround the transaction is incorrect or irrealistic;
- the bank has no knowledge about the source of the funds;
- the customer requests parial transfers so that the global amount of the transaction remains hidden;
- client is interested only in speed of the transaction, not in the costs related to the transaction, including exchange costs;
- the client questions about the obligations of financial institutions in matthers of money laundering; pcsTrgNewClientRelation - A new client relation is a trigger to make a client assesment from compliance point of view. pcsTrgTransactionAmount - The treshold for an eventual evaluation lies following the recommendations of FATF on 15 000 EUR/USD.
This does not mean an investigation will take place for each transaction of 15 000 EUR/USD. pcsTrgUnusualTransaction - Some exemples of unusual transactions:
- the transaction is unusual in respect of the known standing of the client;
- the transaction is unusual in respect of the activities performed by the client;
- the transaction is unusual in respect of the known turn-over on the client's account;
- there is no justification nor documentation on the trasnaction;
- the client's transactions are not for own account Pension Fund Ordinary - Central Provident Fund (CPF) ordinary account. Pension Fund Special - Central Provident Fund (CPF) special account. Per security - The posting unit is per unique security. percentage subscription amount - Percentage of the total switch amount (buy-driven) to be invested in a particular investment fund or
investment fund class. period1 Perpetual - There is no maturity date. Perpetual with call - There is no maturity date.
The issuer has on top of that the right to call upon the bonds for global reïmbursement at predefined periods before maturity date. Platinum - pledgeable with - A financial institution can use the financial instrument to be pledged with specific national banks. PoliticalRiskProfile - Risk incured by political decisions. PoliticalRiskSymptom - Political symptoms on which a risk profile is based. Polyethylene - Polypropylene - Poor quality - Poor quality damages the image of the producer/issuer with as consequence:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Pork - posFreezeCorporateAction - A corporate action is ongoing.
E.g. coupon payment, equity exchange operation, convertion, rename, ... posFreezeGuaranteeForThirdParty - The position serves as guarantee for a third party.
E.g. as guarantee for a rental contract of real estate, guarantee as member of board of directors, guarantee for public works,... posFreezeIrregularForm - The financial instruments are damaged, unreadable, inidentifyable, ... posFreezeNominative - Nominative certificates, ADR/ADS,... posFreezePledge - Position serves as pledge for a loan by the principal. posFreezeSalesOrder - A sales order is still valid for the position. posFreezeShareholdersMeeting - The accountholders registered their shares to exercise their voting rights. posFreezeUnderInjunction - There is an injunction on the financial instruments due to fraud, theft, loss,... PostingUnit - The unit used when posting the instrument in the books of the principal (market side) or the custodian (street side). Potatoes - Pre-refunding - The issuer is in the process of refunding the loan before maturity date. Precious metal receipt - Gold, silver or platina receipts preference - The preference type for preferred shares. Preference share - US-CFI code E Preferred Income - What is the right of preferred shares on the income of the company. preferred income - What is the right of preferred shares on the income of the company. Preferred share - Also called Senior preferred stock.
These shareholders are entitled to one or more of:
- a fixed dividend to be paid before any other dividend
- a preferred treatment when liquidating the company
- increased voting rights
The ranking of priority is:
1 Preferred shares or senior preferred stock
2. Preference shares or junior preferred stock
3. Commmon shares PreferredShareGroup - Shares which entitle to a preferred treatment of the holders against common shareholders in het field of:
- attribution of dividends
- rights in case the company is put into liquidation
- voting rights PreferredType - The preference type for preferred shares. price informer - An entity which informs prices of financial instruments PrimaryMarket - Entity in charge of handling the primary market orders.
These orders include
- new issues of financial instruments: equities and bonds;
- continuous issues of financial instruments: open investment funds like SICAV's, saving bonds,... PrimaryMarketOrderFee - Service of executing orders on the primary market principal paying agent - Pincipal agency, which has been appointed by the issuer as paying agent for the principal and interests or dividends
In case of an appointed principal paying agent by the issuer, the regular paying agents have to turn to the principal paying agents to recover the payments from the issuer. Principal payment - There are no interest payments.
The bonds are issued below par
At maturity date the facial value is refunded. The difference issue value and reïmbursement value is the revenue of the bond. Private - Private equity is a broad term which commonly refers to any type of non-public Ownership Equity Private - The target public are privately known lenders. Private144A - Private tradable securities reserved to institutional investors. PrivateBanking - Private banking customer's contact points ProbabilityOfRiskOccurence procentual issue price - At the moment of the issue only. The issue price in percent of the facial amount in the facial currency. ProcessAndProcedure - This class is the actual open wharf.
The processes and subprocesses are represented by classes.
Their prefix is Pcs.
The procedures are represented by individuals in the class, their prefix is pcd. ProcessValue product group - Company specific description of a group of funds. ProfitabilityImpact - Impact on the profitability of the producer or the issuer. ProfitAndLoss Propane - Proposition Proprietary account identification - Unique identifier for an account. It is assigned by the account servicer using a proprietary identification scheme. Proprietary identification source - Entity that issues the proprietary identification. prty:Activities by children - The economic activity of the party involves child labour ? This might be porno but also other labour is in the scope. prty:Address - The official residence address of the party. prty:Age - The age of an individual person or organisation is calculated automatically from the birth date for individual persons, from the establishment date for organisations. prty:Australian extensive branch network identification - Extensive branch network list of the Australian Bank State Branch (BSB) Code. The codes are used for identifying Australian financial institutions, as assigned by the Australian Payments Clearing Association (APCA). prty:Australian small network identification - Small network list of the Australian Bank State Branch (BSB) Code. The codes are used for identifying Australian financial institutions , as assigned by the Australian Payments Clearing Association (APCA). prty:Austrian bankleitzahl identification - Austrian Bankleitzahl - identifies Austrian financial institutions on the Austrian national clearing system. prty:Begindate - The first day of validity of the information. prty:Birth date - Date on which a person is born. prty:Business function - Title of the function. prty:Calculate age - Returns in years, the difference between today and a given date prty:Canadian payments association routing number identification - Canadian Payments Association Routing Number - identifies Canadian financial institutions on the Canadian national clearing system. prty:CHIPS Participant identification - (United States) Clearing House Interbank Payment System (CHIPS) Participant Identifier (ID) - identifies financial institutions participating on CHIPS. The CHIPS Participant ID is assigned by the New York Clearing House. prty:CHIPS Universal identification - (United States) Clearing House Interbank Payments System (CHIPS) Universal Identification (UID) - identifies entities that own accounts at CHIPS participating financial institutions, through which CHIPS payments are effected. The CHIPS UID is assigned by the New York Clearing House. prty:City bank1 - prty:City of birth - City where a person was born. prty:Clearing system member identification - Choice of identifier for a clearing system member, as assigned by the clearing system. In some clearing systems, the accounts of the clearing system members are also assigned an identifier. prty:Client identification - Unique and unambiguous identifier of a party, assigned by an organisation. prty:Coded accounts - A coded account or so-called "number-account", sometimes called "anonymous account" is an account whereby:
- the identity (name and address) is hidden in the computersystems of the servicing financial company
- some minimal data are necessary to administer the operations: country of residence (legal and fiscal), birthdate, nationality, ...
- the identity information is kept outside the information systems and only limited number of persons have access to that information
Reporting and audit are manual and thus quite expensive. prty:Compliance validation - Compliance validation profile. prty:Contact granularity - If an account statement is produced each 3 months, the granularity will be month, the frequency will be 3.
The reference to the possible frequencies is found as individuals in Temporal - Granularity
The property frequency of the Contact class is a data property and thus fed literaly for each individual of the contact class.. prty:Contact language - The language used in communications with the party. prty:Contact modality - The right side of the relation consists of individuals of class Contact. prty:Controversial goods - Examples of controversial goods and services are:
- sexual services
- weapon industry
- cannabis prty:Controversial party - The person is controversial due to negative information, illegal or unethical activities prty:Controversial weapons - Depending on the legislation where the principal is settled or the guidelines of the principal these controversial weapons can include:
- cluster bombs;
- anti-person mines;
- biological weapons;
- chemical weapons;
- nuclear weapons;
- ... prty:Country and res. status - Country and residential status of an individual, for example, non-pernament resident prty:Country of birth - Country where a person was born. prty:date of decease prty:Effective date - The first day from which the information is valid. prty:Employing company - Organisation represented by a person, or for which a person works. prty:Enddate - The last date where an information is valid. prty:Extended money laundering check - Status of an identity check to prevent money laundering. This includes the counter-terrorism check. prty:Extended name prefix - Specifies the terms used to formally address a person, eg, Ms. prty:External identification - The identification of the financial institution or intermediary as communication partner in transaction messages. prty:False documentation - The documentation confirming the identity proves to be false, by purpose incomplete or missing. prty:Father prty:Fedwire routing number identification - Fedwire Routing Number - identifies financial institutions, in the US, on the FedWire system. The routing number is assigned by the American Bankers Association (ABA). prty:Frequency - The frequency is the number by which the granularity has to be multiplied to find when an occurance shall take place. prty:Gender of party prty:Generic broker 1 prty:Generic card emittor - prty:Generic custodian prty:Generic fiscal agent prty:Generic global Custodian prty:Generic guarantee prty:Generic id - Generic identification of the beneficial owner of an account. prty:Generic issuer prty:Generic issuer 2nd rang prty:Generic Lead Manager prty:Generic party principal 1 prty:Generic paying agent prty:Generic price informer prty:Generic principal 2 prty:Generic principal paying agent prty:Generic producer prty:Generic transfer agent prty:German bankleitzahl identification - German Bankleitzahl - identifies German financial institutions on the German national clearing systems. prty:get father prty:get mother prty:Given name - First name of a person. prty:Gomez_Juan_1976-05-14 prty:has citizenship - Nationality and legal status (minor or major) or rights that an individual may possess prty:has clearing system identification - Choice of identifier for a clearing system member, as assigned by the clearing system. In some clearing
systems, the accounts of the clearing system members are also assigned an identifier. prty:has customer role for principal - The party is customer of the principal(s) indicated here: prty:has income tax exemption - Indicates whether an owner of an investment account may benefit from a fiscal exemption or amnesty for instance for declaring overseas investments. prty:has legal sales entity - The principal can have several legal entities. These have to keep separate Account statements. prty:has own issuer - A principal whishes to distinguish his own issues to grant exemption or reduction of safekeeping fees.
At the left side we find principals, at the right side of the relation we find individuals of issuers. prty:has producer - The issuer of a financial instrument is not necessarily the producer of the sold goods/services.
The left side of the relation consists of individuals representing the issuers, the right side of the relation consists of individuals representing the producers found in class Party - PartyProducers. prty:has province of birth - Province where a person was born. prty:has registration country - Country in which the organisation is registered. prty:has signatory right - Indicates whether the signature of the account owner is required to authorise transactions on the account. prty:has sub custodian - The global custodian can have local subcustodians, just like a normal custodian can have on his turn a local subcustodian.
The first relation global custodian/custodian is the one we invoke here.
The left side of the relation consists of individuals representing global custodians, the right side of the relation consists of regular custodians. prty:has VAT exemption - The status of the party makes he has not to be billed VAT. prty:hasProcessAndProcedureDomain - The left side of the relations refer to class/subclass of ProcessAndProcedure prty:hasProcessAndProcedureDomainForData - The left side of the relations are classes/subclasses ProcessAndProcedure prty:High cash flows - These activities are typically:
- second hand cars trade;
- entertainment;
- games (lunaparks, casino's,...)
- tobacco, sigarettes and alcohol (except the regular retailers);
- trade in petrol products;
- collection of funds for charity purposes (religious or not);
- trade in real estate for own or third partie's account;
- ... prty:High subjective values - Exemples of trade in goods with high subjective value:
- trade in diamonds and gems (no jewllers);
- trade in art and antiques;
- trade in horses;
- ... prty:Hong kong bank code - Hong Kong Bank Code - identifies Hong Kong financial institutions on the Hong Kong local clearing system. prty:Identification characters - Identification assigned by an institution. prty:Incompatible service level - The nature and level of service is incompatible with the client's fortune. prty:Individual person - Human entity, as distinguished from a corporate entity (which is sometimes referred to as an 'artificial person'). prty:Irish NSC Identification - Irish National Sorting Code - identifies Irish financial institutions on the Irish national clearing system. The code is assigned by the Irish Payments Services Organisation (IPSO). prty:is legal representative for - The representation of a minor, company, association,... by the parents, executive manager, liquidator, ... prty:is principal of - The financial institution has as customer prty:isBrokerOnMarket - The right side of the relation consists of individuals of class ValuePartition - ISOCodes - ISO10383-MarketIdentifierCodes prty:ISO 20022 prty:Italian domestic identification code - Italian Domestic Identification Code - identifies Italian financial institutions on the Italian national clearing system. The code is assigned by the Associazione Bancaria Italiana (ABI). prty:Johnson John 1964-09-19 prty:Last performance date - The date in the past or the present date at which a task/evaluation has been performed. prty:Management of funds - The management of funds by third parties, except the financial sector, is an indication of an increased integrity risk.
Example money couriers. prty:Middle name - Second name of a person. prty:MiFID Q&A - The reply to the questions which allow a risk profiling. prty:Money laundering check status prty:Money transfers - Money transfer activities via internet for account of third parties may be an indication of increased integrity risk prty:Moody's rating - The issuer or guarantee of a loan have Moody's rating prty:Mother - The result is provided by internal function. prty:Name of party - Name by which a party is officialy known and which is used to identify that party prty:Name suffix - Additional information about a person that follows a person's name, eg, qualification such as Doctor of Philosophy (PhD). prty:National registration number - Number assigned by a national registration authority to an entity. prty:NCCT-transactions - The client wishes to conclude financial transactions with entities in NCCT-countries, even if they are normal due to the client's commercial and financial relations with that country. A NCCT-countries are Non-Cooperative Countries and Territories according to the fatf-gafi organisation. An updated list is found in the link under "reference". prty:New zealand NCC Identification - New Zealand Bank/Branch Code - identifies New Zealand institutions on the New Zealand national clearing system. The code is assigned by the New Zealand Bankers' Association (NZBA). prty:Next performance date - The date in the future where a task/evaluation is expected to be performed. prty:Next step - The right side of the relation points to an individiual of the same class or of the subclass indicating the final pocedure step in the chain.
That subclass is recognised by the suffix final. prty:No face to face contact - The customer needs to present himself face-to-face to the account manager opening a customer relationship.
The following persons can represent the customer:
- legal representatives for minors or other legal incapables;
- notaries for companies in foundation or representing an estate
- lawyers representing a company in bankruptcy,... prty:No identification - The client insists on anonymous accounts or fictive identification data are provided prty:No proxy - A physical person requests to open a relation in the name of a company where he has no powers of attorney. prty:Non-complying country - The legal or fiscal country of residence of the person is one of the countries:
- or regions placed under embargo by the European Union;
- non-member of the OECD, except the members of the European Union;
- the tax-heavens listed as non-cooperative by the OECD;
- which do not cooperate to abolish money-laudring by FATF (Financial Action Task Force on Money laundering) These are the so-called NCCT-countries.
- countries for which the European union assists in reducing corruption, organised crime and money laundering prty:Non-transparant structure prty:Of Belgium Fabiola 1928-06-11 prty:Off-shore relations - The client has commercial or financial relations with companies in tax-heavens or with off-shore companies without the client having effective activities there. prty:On external blacklist - High client integrity risk because of the person, company or organisation appearing on:
- official OFAC (US office of foreign asset control) list;
- embargo list of the European Union or the United Nations;
- communautary lists of airlines which has an exploitation ban in the European Union
In practice you can consult the embargo lists in the menu.
There are batch-check programs which run regularly. prty:On internal blacklist - The principal recorded:
- earlier negative experience from disputes, lax cases, ...
- ealier negative advices by the Anti-Money Laundry unit or by the Compliance unit.
In practice you can consult the embargo lists in the menu.
There are batch-check programs which run regularly. prty:Organisation - Organised structure that is set up for a particular purpose, eg, a business, government body, department,ncharity, or financial institution. prty:Origin of funds - The client is not able to provide a justification for the origin of the invested funds.
OR
The origin of funds is prohibited by any anti-money laundry and anti-terrorist legislation.
Examples of prohibited origin in that context are:
- misuse of trust;
- imitation of goods;
- counterfeit of money;
- exploitation of prostitution;
- illegal trade of narcotics;
- illegal trade of weapons and other goods;
- illegal use ot trade in hormons applied to animals;
- organized crime;
- trade in illegal labour force;
- trade in persons;
- illegal trade in organs;
- pirating;
- stock trade delicts;
- misuse of corporate goods;
- fraud against the interests of the European Union;
- terrorism and financing of terrorism;
- provide investment services and attract savings without permission;
- hostaging;
- criminal offence in relation to bankruptcy;
- severe environmental crime;
- fraud;
- theft or extortion;
- severe and oranised fiscal fraud by complicated mechanisms of inernational dimensions prty:Parent prty:Party - Party involved with the conduct of securities handling and other financial transactions prty:Performed by - The right side of the relation points to the organisational entity or person. prty:Performed by routine - The program through which the procedurestep is performed prty:Performed for principal - The process and procedures are followed for the principals identified at the right side of this relation. prty:Politically exposed - Examples of polictically exposed persons:
- head of States;
- head of governement;
- ministers;
- secretaries of State;
- members of the parliament;
- members of the auditor's office;
- directors of central banks;
- ambassadors;
- consuls;
- chargé d'affaires;
- higher ranked officers of the army
- managers of public companies;
-... prty:Portuguese NCC Identification - Portuguese National Clearing Code - identifies Portuguese financial institutions on the Portuguese national clearing system. prty:Prefix prty:Primary communication address prty:Procedure sequence - The sequence of the procedure in all the proceduresteps forming the process prty:Profession - Name of the occupation or job of a person. prty:Proprietary identification - Unique and unambiguous identifier, as assigned to a financial institution using a proprietary identification scheme. prty:Proxy to unrelated person - An account is opened with proxy to a non-resident physical person which has no commercial or other apparent relation with the account holder. prty:Purchase channels - Activities in parallel purchase channels.
Examples of such activities are:
- wholesalers in electronics: Hi-Fi, computers, video, electro,...;
- mobile telephone sales;
- communication services;
- traders (in- and export);
- ... prty:Purpose - Purpose of the organisation, eg, charity. prty:Questionnaire for compliance - has compliance questionnaire prty:reference - Source of information prty:Registration date - Date and time at which a given organisation was officially registered. prty:Russian central bank identification code - Russian Central Bank Identification Code - identifies Russian financial institutions on the Russian national clearing system. prty:Secondary communication address prty:Source of information prty:South african NCC Identification - South African National Clearing Code (NCC) - identifies South African financial institutions on the South African national clearing system. The code is assigned by the South African Bankers Services Company Ltd. (BankServ). prty:Spanish domestic interbanking identification - Spanish Domestic Interbanking Code - identifies Spanish financial institutions on the Spanish national clearing system. The code is assigned by the Centro de Cooperacion Interbancaria (CCI). prty:Standard and Poor's rating - The issuer or guarantee of a loan have Standard and Poor's rating. prty:Swiss BC Identification - Swiss Bank Code - identifies Swiss institutions on the Swiss national clearing system. prty:Swiss SIC Identification - Swiss Interbank Clearing (SIC) Code - identifies Swiss financial institutions domestically, on the Swiss national clearing system. prty:Tax identification number - Number assigned by a tax authority to an entity. prty:Tax saving operations - The opening of the relation is made in the frame of a strucured finance or other credit operation whereby the tax savings are the prime motif. prty:Taxation country - Country of taxation of an organisation. prty:To do - List of items which have still to be done for a resource.
To find all to do's: select the annotation property and choose Find usages in workspace in the menu prty:Trigger - The trigger for a procedure-step of a process is found on the right side of the relation: ValuePartition/ProcessValue/ProcessTrigger. prty:UK Domestic sort code - United Kingdom (UK) Sort Code - identifies British financial institutions on the British national clearing systems. The sort code is assigned by the Association for Payments and Clearing Services (APACS). prty:Unclear collateral or revenues - The person request a client relation to obtain a loan.
- The loan is requested with as collateral a guarantee with another financial institution. The origin of the funds of that guarantee is unclear.
OR
- The purpose of the loan does not fit in the professional activity of the person. prty:Unknown beneficial owner - The identified persons should be the beneficial owners of the product.
With exception for notaries, lawyers and bailiffs.
If the clients are corporations, the ultimate beneficial owners have to be known, except for publicly traded shares of those companies. prty:User interface - The user interface through which a procedure-step is performed prty:Validated by - The right side of the relation points to the organisational entity or person. prty:Van Tieghem Fabienne 1964-09-19 prty:Vanderlinden Alfons 1931-12-01 prty:Vanderlinden Eddy 1956-07-01 prty:Vanderlinden Joris 1986-12-05 prty:Vanderlinden Monica 1982-07-01 prty:Vanderlinden Patrick 1958-06-01 prty:Vanderlinden Rudi 1959-10-01 prty:Vanderlinden Simon 1985-05-19 PublicBanking - Contact points for public customers Purchase right - The right to purchase shares at a predefined price during a predefined period. Put option - The right to sell the underlying value. QUICK - Identifier of a security assigned by the Japanese QUICK identification scheme for financial instruments. quoted on market - The market where the security is quoted R-Restricted - The transfer of ownership is subject to restrictions.
These restrictions are issued by the SEC (Securities and exchange commisssion) in different regulations. Ratings linked - The owners of preferred shares get an income per share or per facial value or per issue value before any payment of regular dividends to the regular shareholders. The income is linked to the interest rate paid by companies with similar credit ratings. Real estate deed - A deed concerning real estate property.
A deed is a property right or the right to acquire the property. Real estate underlying asset - real estate underlying assets - ReasonForAccountFreeze - The reasons why an account is frozen.
This means all positions on the account as well as the relationships with persons. ReasonForPositionFreeze - Reason why a position in account is frozen Recreational vehicles - Recycled steel - Redeemable - The shareholder has the option to sell back his share at issue price (or the price agreed at issuance). The option can be exercised at certain period(s) in time. Redeemable and exchangeable - The shareholder has the option to sell back his share at issue price (or the price agreed at issuance). The option can be exercised at certain period(s) in time.
The holder of the preferred share has the option to exchange his preferred shares, during a predefined period, against common shares of a different corporation. Redeemable exchangeable and extendible - The shareholder has the option to sell back his share at issue price (or the price agreed at issuance). The option can be exercised at certain period(s) in time.
The holder of the preferred share has the option to exchange his preferred shares, during a predefined period, against common shares of a different corporation.
The preference treatment is lenghtened in time.
Example: if a fixed dividend is paid to the preferred shares before any other dividend payment,
if the benefits of the year do not allow the payment of such preference dividend,
then the preferred dividends shall be paid from the later benefits, as soon as the profits permit the payment. And this before any oither dividend payment. Redeemable extendible - The shareholder has the option to sell back his share at issue price (or the price agreed at issuance). The option can be exercised at certain period(s) in time.
The preference treatment is lenghtened in time.
Example: if a fixed dividend is paid to the preferred shares before any other dividend payment,
if the benefits of the year do not allow the payment of such preference dividend,
then the preferred dividends shall be paid from the later benefits, as soon as the profits permit the payment. And this before any oither dividend payment. Redemption - How the debts will be reimbursed. redemption method - How the debts will be reimbursed. Reduced purchase power - If the customers are subject to purchase power reductions, the consequence is:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the producers are subject to reduced purchase power, the purchases become more expensive:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Reduced stock liquidity - If the stock is less liquid then investors will require a compensation for it. Referential instrument - Financial instrument whose value is derived from another financial instrument. ReferentialSystem - Entities in charge of securities and securities accounts referential systems.
When used exclusively for securities handling, this might include the customer referential systems. Refunding - The issuer is in the process of refunding the loan. Registered - Shareholder name of the financial instrument appears in the corporation/funds books. registrar - Party responsible for keeping track of the owners of securities. In the investment fund business, this party keeps the investor registry of the fund, and administers investor accounts and related records. It is appointed by the fund management company. Regularization - In a regularization process. Regulation S - Securities Act of 1933
Congress enacted the Securities Act of 1933 (the Truth in Securities Act" or the Federal Securities Act) 48 Stat. 74 (May 27, 1933), codified at et seq., in the aftermath of the stock market crash of 1929 ;and during the ensuing Great Depression. Legislated pursuant to the interstate commerce clause of the Constitution, it requires that any offer or sale of securities using the means and instrumentalities of interstate commerce be registered pursuant to the 1933 Act, unless an exemption from registration exists under the law. It was the first major federal legislation to regulate the offer and sale of securities. Prior to that time, regulation of securities was chiefly governed by state laws (commonly referred to as blue sky laws. When Congress enacted the 1933 Act, it left in place the patchwork of existing state securities laws to supplement federal laws in part because there were questions as to the constitutionality of federal legislation.
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License RegulatoryRiskProfile - The risk incurred by regulations. RegulatoryRiskSymptom - Regulatory symptoms on which a risk profile is based. REIT - Real Estate Investment Trust.
An investment trust owns and manages a pool of commercial properties and mortgages and other real estate asssets; shares can be bought and sold in the stock market.
Real Estate Investment Trust or REITis a tax designation for a corporation investing in real estate that reduces or eliminates corporate income taxes. In return, REITs are required to distribute 90% of their income which may be taxable in the hands of the investors.
The REIT structure was designed to provide a similar structure for investment in real estate mutual funds provide for investment in stocks.
This article uses material from Wikipedia®
and is licensed under the GNU Free Documentation License related series - The financial instrument has as related series issued the financial instrument represented on the right side of the relation. REMIC - Real Estate Mortgage Investment Conduits issues mortgage backed certificates or bonds.
The collaterals are residential or commercial mortgages.
The benefits are lying is the TaxRreform Act on a fiscal plan. renamed to - The financial instrument is renamed to the denomination of security REPO - Repurchase agreement.
A sale at the agreement date hold the obligation for the seller to repurchase the security at a specified later date against a specified price. ReputationalRiskProfile - Examples of risk occurences:
- Customer area
If customers have to be excluded from sales due to reputational risk, e.g. armement deliveries to dictatures, this means:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Producer area
If the reputation of the producer is at risk, e.g. child labour in shoe manufacturies, this means:
-- less sales by the producer
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Issuer area
If the reputation of the issuer is at risk, e.g. anti-trust investigations, this means:
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Holder area
If the reputation of the holder is at risk, e.g. mafia connections of major shareholders, this means:
-- less demand for the stock
-- prices, thus valuation falling ReputationalRiskSymptom - Reputational symptoms on which a risk profile is based. ResidentCapitalOwner - Capital owner is a fiscal resident in the fiscal residence country of the principal. residential - Residential Mortgage - Residential real estate - Real estate with housing as main purpose ResidentIncomeOwner - Income owner is a fiscal resident in the fiscal residence country of the principal. Restricted vote - Restriction on the subjects of a vote for the shares RetailBanking - Retail customers contact points Retirement Scheme - Supplementary Retirement Scheme (SRS) account. Revenue bond - The principal and interest are guaranteed by the revenues that are generated by the project financed by the bond. Rhodium - RIC - Reuters Identification Code (RIC). A numbering system used within the Reuters system to identify
instruments worldwide. The RIC contains an X-character market specific code (can be the CUSIP or EPIC codes) followed by a full stop, then the two-digit ISO country code, eg, IBM in UK is IBM.UK. Rice - Right holding unit - The unit consists of rights and other stock Rise of interest rates - If the customer has to pay more interests for credits, his consumption is reduced with direct or indirect :
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the producer has to pay more interests for credits, his profitability is reduced, meaning:
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the market interests rise in the issuer’s area, the issuer has to provide a higher rentability too, meaning:
- less solvability by the issuer in the long term
If the market interests rise in the holder’s area, the rentability of the current investments lowers.
To keep the rentability uplevel, the underlying value is lowered. Risk - Risk monitoring RiskProfile - The risk profile is the core of the risk monitoring.
The risk profile can be represented in an X/Y graph.
Taxonomy of the risk profiles: 1 level of subclasses.
The level is represented by different risk subclasses: commodity cost, customer risk, energy cost, exhange rate,...
All profiles are stored at the level of the subclass.
Each risk profile can have 3 possible impact evaluations:
1. Impact on the profitability position of the issuer of the stock.
2. Impact on the solvability position of the issuer of the stock.
3. Straight or indirect decrease of the stock price.
That impactevaluation can be an individual of the subclasses of the impact class: High, Medium or Low. Example LowProfitabilityImpact.
If we represent the impact evaluation on the Y-axis, we divide the Y-axis into 3 parts.
The part starting at the intersection represents a low impact, the second part a medium impact and the upper part a high impact.
On the X-axis we evaluate the probability of the risk occurring.
The evaluation is done on both axis in 3 categories: low, medium and high.
The low probability is represented on the 1/3 part starting at the intersection, the medium probability in the second part and the higher probabilities in the third part of the X-axis.
Each individual profile of the subclasses refers to:
1. an impact subject and assessment of the impact
2. a probability assessment
Further necessary information:
1. the area impacted by the risk: where is the source of the risk
2. the symptom which leads to a risk assessment
3. the source for the symptom: a press release, annual accounts statement, internet article,...
4. the validity period for the profile RiskSymptom - Symptom on which a risk assesment is based, so that a profile is obtained. Rubber - SafekeepingFee - The service of safekeeping and monitoring physical or inmaterial financial instruments. Saving bond - Bond as savings instrument generally issued by the institution where the holder is keeping his savings account. Savings account - SecundaryMarket - Entities in charge of secundary market order handling.
The secundary markets handling include orders on:
- official markets;
- over the counter markets (OTC);
- public auctions for existing issues SecundaryMarketOrderFee - Service of execution of purchase- or salesorders on the secundary markets Secured - The borrower pledges assets as collateral for the loan.
If the borrower defaults in reïmbursement or interest payment the collateral will be transformed into loquidities and used to pay the debts. securities classification - The properties if securities securities data - SecuritiesHandling - Entities managing securities handling. Security - A formal declaration that documents rights for the holder related to finance and investment. security code - Security code written on, or in, the card. Security_1 - SEDOL - Stock Exchange Daily Official List (SEDOL) number. A code used by the London Stock Exchange to identify foreign stocks, especially those that aren't actively traded in the US and don't have a CUSIP number. Selenium - Senior - Asset backed, mortgage backed or other securities are often issued in tranches.
The subscrbers to the first issues of tranches of the debt are senior holders and have priority on the junior holders. Sequence number - Number distinguishing two or more payment cards with the same account number. Service - Services as underlying asset for commodity futures.
Example delivery of electricity. Service - Services rendered to the customers of and for account of our principals.
The services can be rendered in own name or in name of the principals. ServiceLinkedToClientPortolio - Services rendered on the level of the client portfolio ServiceLinkedToCorporateAction - Service of executing corporate actions ServiceLinkedToMarketOrders - Service of execution of primary and secundary market orders ServiceLinkedToSecuritiesAccount - Service rendered with regard to holdings in securities account. services - Services as underlying asset for commodity futures.
Example delivery of electricity. Share holding unit - The unit consists of shares and other stock ShortTermLiabilities - Debts which are frozen for max 1 year. Sicovam - Identifier for French securities assigned by the Societe Interprofessionnelle Pour La Compensation des Valeurs Mobilieres in France. The Sicovam is composed of 5-digits. Silicon - Silver - SMBS - Stripped Mortgage Backed Securities are issued by institutions which redistribute the cash generated by their pool of mortgage backed securities into a principal part and an interest part separately. SolvabilityImpact - Impact on the solvability of the producer or issuer Soy beans - sp:_age sp:_b sp:_cardinality sp:_class sp:_count sp:_datatype sp:_error sp:_found sp:_hasValue sp:_label sp:_max sp:_maxCount sp:_min sp:_minCount sp:_minCount2 sp:_ns sp:_object sp:_optional sp:_p sp:_predicate sp:_property sp:_range sp:_rdf sp:_restriction sp:_someValuesFrom sp:_str sp:_t sp:_type sp:_value sp:_valueType sp:add - Returns the arithmetic sum of its operands. sp:Aggregation - Base class of aggregation types (not part of the SPARQL 1.0 standard but supported by ARQ and other engines). sp:Alt path - An alternative path with the union of sp:path1 and sp:path2. sp:and - Return the logical AND between two (boolean) operands. sp:arg - Abstract superproperty for the enumerated arg1, arg2 etc. sp:arg1 - The first argument of a function call. sp:arg2 - The second argument of a function call. sp:arg3 - The third argument of a function call. sp:arg4 - The forth argument of a function call. sp:arg5 - The fifth argument of a function call. Further arguments are not common in SPARQL, therefore no sp:arg6, etc are defined here. However, they can be created if needed. sp:as - Points to a Variable used in an AS statement such as COUNT aggregates. sp:Asc - Marker to indicate ascending order. sp:Ask - An ASK query that returns true if the condition in the body is met by at least one result set. sp:bound - Returns true if ?arg1 is bound to a value. Returns false otherwise. Variables with the value NaN or INF are considered bound. sp:Construct - A CONSTRUCT-type query that can be used to construct new triples from template triples (head) that use variable bindings from the match patterns (body). sp:Count - Counts the number of times a variable is used. The variable is stored in the variable property. This might be left blank to indicate COUNT(*). sp:datatype - Returns the datatype IRI of argument ?arg1; returns xsd:string if the parameter is a simple literal. sp:Desc - Marker to indicate descending order. sp:Describe - A DESCRIBE-type Query. sp:distinct - A marker property to indicate that a Select query is of type SELECT DISTINCT. sp:divide - Returns the arithmetic quotient of its operands. sp:Element - An abstract base class for all pattern elements. sp:Element group - Abstract base class of group patterns. sp:Element list - A list of Elements. This class is never instantiated directly as SPIN will use plain rdf:Lists to store element lists. sp:elements - Points to an ElementList, for example in an Optional element. sp:eq - Returns true if both arguments are equal. sp:expression - Points to an expression, for example in a Filter or Assignment. sp:Filter - A constraint element that evaluates a given expression to true or false. sp:from - Specifies an RDF Dataset used by a Query (FROM syntax in SPARQL). Values of this property must be URI resources. sp:from named - Specifies a named RDF Dataset used by a Query (FROM NAMED syntax in SPARQL). Values of this property must be URI resources. sp:ge - Returns true if ?arg1 >= ?arg2. sp:graph name node - The name (URI or Variable) of a NamedGraph. sp:group by - Points from a Query to the list of GROUP BY expressions. sp:gt - Returns true if ?arg1 > arg2. sp:isBlank - Checks whether a given node is a blank node. sp:isIRI - Checks whether a given node is a IRI node. sp:isLiteral - Checks whether a given node is a literal. sp:isURI - Checks whether a node is a URI. sp:lang - Returns the language tag of ?arg1, if it has one. It returns "" if the literal has no language tag. Node that the RDF data model does not include literals with an empty language tag. sp:langMatches - Returns true if language-tag (first argument) matches language-range (second argument) per the basic filtering scheme defined in [RFC4647] section 3.3.1. sp:le - Returns true if ?arg1 <= ?arg2. sp:Let - A variable assignment (LET (? sp:limit - The LIMIT solution modifier of a Query. sp:lt - Returns true if ?arg1 < ?arg2. sp:mod max sp:mod min sp:Mod path - A modified path such as rdfs:subClassOf*. sp:mul - Returns the arithmetic product of its operands. sp:Named graph - A named Graph element such as GRAPH sp:ne - Returns true if ?arg1 != ?arg2. sp:not - Returns the boolean negation of the argument. sp:object - An RDF Node or Variable describing the object of a triple. sp:offset - The OFFSET solution modifier of a Query. sp:Optional - An optional element in a query. sp:or - Returns the logical OR between two (boolean) operands. sp:order by - Links a query with an ORDER BY clause where the values are rdf:List containing OrderByConditions or expressions. While the domain of this property is sp:Query, only Describe and Select queries can have values of it. sp:Order by condition - An abstract base class for ascending or descending order conditions. Instances of this class (typically bnodes) must have a value for expression to point to the actual values. sp:Path - The base class of SPARQL property path expressions. Paths are used by sp:TriplePath triple paths. sp:path - Points from a TriplePath to its path. sp:path1 - The first child path of a property path. Used by sp:AltPath and sp:SeqPath. sp:path2 - The second child path of a property path. Used by sp:AltPath and sp:SeqPath. sp:predicate - A resource or Variable describing the predicate of a triple. sp:Query - Abstract base class of the various types of supported queries. Common to all types of queries is that they can have a body ("WHERE clause"). sp:query - Links a SubQuery resource with the nested Query. sp:reduced - A property with true to indicate that a Select query has a REDUCED flag. sp:regex - Returns true if a string (?arg1) matches the regular expression supplied as a pattern (?arg2) as influenced by the value of flags (?arg3), otherwise returns false. sp:result nodes - Contains the result nodes (URI resources or Variables) of a Describe query. sp:result variables - An rdf:List of variables that are returned by a Select query. sp:Reverse path - A path with reversed direction. sp:same term - Returns TRUE if ?arg1 and ?arg2 are the same RDF term as defined in Resource Description Framework (RDF): Concepts and Abstract Syntax [CONCEPTS]; returns FALSE otherwise. sp:Select query - A SELECT-type query that returns variable bindings as its result. sp:Seq path - A sequence of multiple paths. sp:SP System class - An "artificial" root class that groups all SP classes. This makes them look much less overwhelming in UI tools. Typical end users don't need to see those classes anyway. sp:SP system property - An abstract base proprerty that groups together the SP system properties. Users typically don't need to see them anyway. sp:str - Returns the lexical form of ?arg1 (a literal); returns the codepoint representation of ?arg1 (an IRI). This is useful for examining parts of an IRI, for instance, the host-name. sp:sub - Returns the arithmetic difference of its operands. sp:sub path - The child path of a property path expression. This is used by ReversePath and ModPath. sp:Sub query - A nested SELECT query inside of an element list. The query is stored in sp:query. sp:subject - A resource or Variable describing the subject of a triple. sp:Sum - Represents sum aggregations, e.g. SELECT SUM(?varName)... sp:templates - Points to a list of TripleTemplates that form the head of a Construct query. sp:text - Can be attached to sp:Queries to store a textual representation of the query. This can be useful for tools that do not have a complete SPIN Syntax parser available. sp:Triple - An abstract base class for TriplePattern and TripleTemplate. This basically specifies that subject, predicate and object must be present. sp:Triple path - Similar to a TriplePattern, but with a path expression as its predicate. For example, this can be used to express transitive sub-class relationships (?subClass rdfs:subClassOf* ?superClass). sp:Triple pattern - A triple pattern used in the body of a query. sp:Triple template - A prototypical triple used as template in the head of a Construct query. May contain variables. sp:Tuple - Abstract base class for things that have subject and object. sp:unary minus - Returns the operand ?arg1 with the sign reversed. If ?arg1 is positive, its negative is returned; if it is negative, its positive is returned. sp:unary plus - Returns the operand ?arg1 with the sign unchanged. Semantically, this operation performs no operation. sp:Union - A UNION group. sp:variable - The variable of a Let element. sp:Variable - A variable mentioned in a Triple or expression. Variables are often blank nodes with the variable name stored in ts:name. Variables can also be supplied with a URI in which case the system will attempt to reuse the same variable instance across multiple query definitions. sp:varName - The name of a Variable. sp:where - The WHERE clause of a Query. spin:_arg1 spin:_arg2 spin:_arg3 spin:_arg4 spin:_arg5 spin:_this - A system variable representing the current context instance in a rule or constraint. spin:abstract - Can be set to true to indicate that this module shall not be instantiated. Abstract modules are only there to organize other modules into hierarchies. spin:body - The body of a Function or Template. This points to a Query instance. For Functions, this is limited to either ASK or SELECT type queries. If the body is the ASK function then the return value is xsd:boolean. Otherwise, the SELECT query must have a single return variable. The first binding of this SELECT query will be returned as result of the function call. spin:constraint - Links a class with constraints on its instances. The values of this property are "axioms" expressed as CONSTRUCT or ASK queries where the variable ?this refers to the instances of the surrounding class. ASK queries must evaluate to false for each member of this class - returning true means that the instance ?this violates the constraint. CONSTRUCT queries must create instances of spin:ConstraintViolation to provide details on the reason for the violation. spin:Constraint violation - An object that can be created by spin:constraints to provide information about a constraint violation. spin:constructor - Can be used to attach a "constructor" to a class. A constructor is a SPARQL CONSTRUCT query that can add initial values to the current instance. At execution time, the variable ?this is bound to the current instance. Tools can call constructors of a class and its superclasses when an instance of a class has been created. Constructors will also be used to initialize resources that have received a new rdf:type triple as a result of spin:rules firing. spin:Function - A function type that can be used in SPARQL expressions (e.g. FILTER or LET). Functions are Modules that create a single variable binding. The output RDF graph is the (unchanged) input graph. spin:Functions - An abstract base class for all defined functions. This class mainly serves as a shared root so that the various instances of the Function metaclass are grouped together. spin:label template - A template string for displaying instantiations of a module in human-readable form. The template may contain the argument variable names in curly braces to support substitution. For example, "The number of values of the {?arg1} property." spin:Library ontology - A marker class that can be attached to base URIs (ontologies) to instruct SPIN engines that this ontology only contains a library of SPIN declarations. Library Ontologies should be ignored by SPIN inference engines even if they have been imported by a domain model. For example, a SPIN version of OWL RL may contain all the OWL RL axioms, attached to owl:Thing, but nothing else. However, when executed, these axioms should not be executed over themselves, because we don't want the system to reason about the SPIN triples to speed up things. spin:Module - An abstract building block of a SPARQL system. A Module can take Arguments as input and applies them on an input RDF Graph. The Arguments should be declared as spin:constraints. A Module can produce an RDF graph and/or new variable bindings as output. spin:Modules - An "artificial" parent class for all Functions and Templates. spin:query - Can be used to point from any resource to a Query. spin:return type - The return type of a Function, e.g. xsd:string. spin:rule - An inferencing rule attached to a class. Rules are expressed as Construct queries where the variable ?this will be bound to the current instance of the class. These inferences can be used to derive new values from existing values at the instance. spin:rule index - Can be attached to a spin:rule or template call to specify the order in which a rule shall be fired compared to its siblings. Rules with smaller numbers are executed first. Rules with no ruleIndex will be executed last. spin:symbol - The symbol of a function, e.g. "=" for the eq function. spin:system property - An "abstract" base property that groups together those system properties that the user will hardly ever need to see in property trees. This property may be dropped in future versions of this ontology - right now it's mainly here for convenience. spin:Template - The metaclass of SPIN templates. Instances of this class can represent reusable SPARQL queries that can be supplied with arguments. The output of a module depends on the type of its body query. If the body is a CONSTRUCT query, then the output will be the constructed RDF graph. If the body is an ASK query, then the output will be true or false. If the body is a SELECT query, then the output will be the variable bindings of the first result set row. spin:Templates - The abstract base class of all Templates. spin:violation path - An optional attribute of ConstraintViolations to provide a path expression from the root resource to the value that is invalid. If this is a URI then the path represents the predicate of a subject/predicate combination. Otherwise it should be a blank node of type sp:Path. spin:violation root - The root resource of the violation (often ?this in the constraint body). spinowl:All values from constraint - Checks for any owl:allValuesFrom restrictions and makes sure that all values of that property (or its sub-properties) at ?this have matching range. spinowl:Has value constraint - Verifies that the values specified by owl:hasValue are present. spinowl:Max cardinality constraint - Checks for any owl:maxCardinality/owl:cardinality restrictions defined in one of the superclasses of the types of ?this and applies them using closed-world semantics. spinowl:Min cardinality constraint - Checks for any owl:minCardinality restrictions defined in one of the superclasses of the types of ?this and applies them using closed-world semantics. spinowl:Some values from constraint - Checks whether the value types mentioned in owl:someValuesFrom restrictions are present. spinrdfs:is system - Checks whether a given resource (?arg1) is from the RDF, RDFS or OWL namespace. spinrdfs:Range constraint - Checks whether all property values of ?this have a type compatible with the declared rdfs:ranges on the property. spinx:java script code - JavaScript source code that shall be executed as the body of a SPIN function. At execution time, this code will be wrapped into a JavaScript function that has the provided runtime arguments as parameters as arg1, arg2 etc. The code must end with a return call. If a value for spinx:javaScriptFile is provided as well, then this code may call functions from another file. spinx:java script file - Links a SPIN function with a file that contains the function's definition in JavaScript. The file name can be an absolute URL or relative. If it is relative (e.g. "myFile.js") then it is assumed to be on the folder as the base URI of the file that contains the function's definition. For example, if you have a SPIN file at http://my.com/spin/functions then the file myFile.js would be loaded from http://my.com/spin/myFile.js. If a local copy of the file is present in the same folder as the SPIN file, then this local copy will be used. spl:Argument - Provides metadata about an argument of a SPIN Function or Template. Arguments wrap a given rdf:Property (predicate) and specify its value type and whether the argument is optional. spl:Attribute - Defines an "attribute" of a class. Attribute definitions bundle common modeling patterns known from object-oriented languages like UML. Each attribute can have min and max cardinality, a value type and a default value. The attribute links a class with one RDF property. This template should be used as spin:constraints on a class to make sure that classes meet the expected cardinalities and valueType constraints.
If a model wants to use spl:defaultValue, then it should instantiate the spl:ConstructDefaultValues as a spin:constructor at some root class, such as rdfs:Resource. spl:class spl:Construct default values - This template can be attached as spin:constructor to a root class such as rdfs:Resource to ensure that SPIN processors assign default values to certain properties. Looks for any templates attached as spin:constraints to the types of ?this and then assigns their declared spl:defaultValues. spl:count spl:default value spl:hasValue - Checks whether a given resource (?arg1) has a given value (?arg3) for a given property (?arg2) or one of the sub-properties of it. spl:hasValueOfType - Checks whether a given subject (?arg1) has at least one value of a given type (?arg3) for a given property (?arg2) or one of its sub-properties. spl:Infer default value - Can be used to infer default values for a given subject/predicate combination. This is typically assigned as spin:rule to a class. If ?this does not already have a value for a given property {?predicate}, then this will infer the value {?defaultValue}. spl:instance spl:instanceOf - Checks whether a given resource (?arg1) has a given type (?arg2). In order to fulfill this condition, there must either be a triple ?arg1 rdf:type ?arg2, or ?instance rdf:type ?subClass where ?subClass is a subclass of ?arg2. If the first argument is a literal, then the second argument must be the matching XSD datatype. spl:isUntypedLiteral - Checks whether a given literal is untyped. This function was introduced because the built-in datatype operand in SPARQL casts untyped literals to xsd:string, making it impossible to check it this way. This function here uses a work-around using sameTerm instead. spl:Logical functions spl:Mathematical functions spl:maxCount spl:minCount spl:Misc functions spl:objectCount - Gets the number of values of a given property (?arg2) at a given subject (?arg1). The result is the number of matches of (?arg1, ?arg2, ?object). spl:Ontology functions spl:optional spl:predicate spl:String functions spl:value type Split coupon Sponsored - A foreign company from US point of view chooses a depositary bank in the USA and deposits shares in custody with that bank.
The custody bank issues ADR's (American depositary receipts).
Those receipts are registered with the SEC (Securities and exchange commission) and traded.
The rights of a holder of sponsored ADR's is similar to normal shareholders, including voting rights. Sponsored144A - Trade applying rule 144A of the US securities act of 1933 only between institutional investors.
These are registered with the SEC. The trade is not restrictioned with provisions applicable normally when the public is treading. Sponsoring - Indicates the possible sponsoring for depositary receipts
A sponsor is some-one who patronizes a third party.
When one patronizes a third party, he takes reponsibility in one or another way for the third party. Sponsoring AMPS - Sponsored by Merrill Lynch Auction Market Preferred Stock
The rate is adjustable and the auction is of the Dutch type: all stock will be traded at the lowest price allowing all offerings to be sold. sponsoring type - Indicates the possible sponsoring for depositary receipts
A sponsor is some-one who patronizes a third party.
When one patronizes a third party, he takes reponsibility in one or another way for the third party. Spot - The sales and purchase occurs immediately at the conclusion of the contract. standardized derivatives contract - Whether the derivative contract is standardized or not. start date - Year and month the card is available for use. Status normal Status normal redemption - The redemption finished at expiration date of the loan. Step-Down - The interest rate is decreased by steps during the term of the loan. Step-Up - The interest rate is increased by steps during the term of the loan. Stock trade restrictions - If some capital markets would become unaccessible:
- less capital gathering possibilities
- less profit by the issuer in the short term
- less solvability by the issuer in the long term StockPriceImpact - Stock price impact, direct or indirect. strike price - The strike price for derivatives is the price at which the rights can be exercised. This price is valid for the quantity specified in the contract or by the market where the derivatives are traded. Stringent technical specification - If the products are subject to e.g. stringent technical specifications, the consequence in first instance will be:
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term Structured product - Structured products are synthetic investment instruments specially created to meet specific needs that cannot be met from the standardized financial instruments available in the markets. Structured products can be used: as an alternative to a direct investment; as part of the asset allocation process to reduce risk exposure of a portfolio; or to utilize the current market trend.
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License Student loan - Student loan instrument - Loan to overcome the period of studies. Sub voting - Less than 1 vote for each share. Subordinated - In case of liquidation of the company, subordinated loans are paid after the normal loans and before the share capital. Subscription right - The right to subscribe to new shares at a predefined price during a predefined period. Sugar - Supplier SWAPS - SWAPS as underlying assets sxml:attribute - The XML tag used to render an RDF property into an XML attribute. This must be a valid XML attribute name. sxml:CDATA sxml:Comment sxml:Document sxml:element - The XML tag used to render an element. The values of this property must be valid XML tag strings or URI resources that can be abbreviated by an existing namespace prefix. For example, a tag sxml:Element sxml:Node sxml:prefix - Stores the name of the prefixes that will be written back to the XML file when saved. This is mainly for round-tripping XML files that have xmlns... attributes in the root element. sxml:root - The root element of an XML document. sxml:text - The body of an XML TextNode. sxml:Text Node Syndicated loan - A syndicated loan (or syndicated bank facility) is a large loan in which a group of banks work together to provide funds for a borrower. There is usually one lead bank (the Arranger or Agent) that takes a percentage of the loan and syndicates the rest to other banks. A syndicated loan is the opposite of a bilateral loan, which only involves one borrower and one lender (often a financial institution.) A syndicated loan is a much larger and more complicated version of a participation loan. There are typically more than 2 banks involved in a syndication.
This article uses material from Wikipedia and is licensed under the GNU Free Documentation License. system date - Date at which the records for the financial instrument have been created at physical level. target of loan - Target public for the loan. TargetOfLoan Template Temporal - Time indicators term - The term in relation to referential financial instruments. Term - The term in relation to referential financial instruments. The currency appreciation - The risk the value of the producer’s currency appreciates against the customer’s currency, this means :
- a more expensive product
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the value of the holder’s currency appreciates against the holder’s currency, this means :
- less revenues in holder’s currency
- lower stock quotes because of the needed rentability uplift The currency depreciation - If the value of the customer’s currency depreciates against the producer’s currency, this means:
- a more expensive product
- less sales by the producer
- less profit by the issuer in the short term
- less solvability by the issuer in the long term
If the value of the issuers currency depreciates against the holder’s currency, this means :
- less revenues in holder’s currency
- lower stock quotes because of the needed rentability uplift Ticker symbol - Letters that identify a stock traded on a stock exchange. The Ticker Symbol is a short and convenient way of identifying a stock, eg, RTR.L for Reuters quoted in London. Time deposit - A money deposit at a banking institution that cannot be withdrawn for a preset fixed 'term' or period of time. When the term is over it can be withdrawn or it can be rolled over for another term. Generally speaking, the longer the term the better the yield on the money. Source: Wikipedia. Tin - Titanium - total issue amount - The total amount of the debt issue. Traditional warrant - Warrant issued together with a bond. The issuer of the bond joins the right to acquire shares in his company during a certain predefined period. transfer agent - 1) The agency which keeps track of stock, their certificaters and/or bond records and resolves problems for any issuer.
Mainly used in the area of funds to monitor the issued stock.
2) Party appointed by the fund management company. This party updates records of investor accounts to reflect the daily investor purchases, redemptions, switches, transfers, and re-registrations. It ensures the timely settlement of transactions, and may provide tax information to the investor and/or to its intermediaries. It may calculate, collect, and rebate commissions. It prepares and distributes confirmations reflecting transactions, resulting in unit or cash account movements to the investor or the investor's intermediary. It responds to inquiries concerning account status, and processes the income distribution. Transfer confirmation - Treasury - Treasury bill - Short-term obligation (till 90 days) issued with a discount in stead of bearing interest. Treasury bond - Debt instrument with maturities of 10 years and longer. Treasury debt - A formal promise, issued by the Treasury department, to pay back a stipulated amount, after a longer period of time (10 years or more). Treasury note - Debt instrument with maturities ranking from 1 to 10 years. Treasury strips - Separate Trading of Registered Interest and Principal of Securities.
The stripped coupons. Trust preferred security - US-CFI code J Tungsten - Type of card - Type of card TypeOfInterest - The calculation method of the interest on debt- and similar instruments. TypeOfScheme - Distinguishes the exercice date or period, the maturity date and other characteristics of an option. U-Unrestricted - There are no restrictions in the transfer of ownership. UIT - Unit Investment Trust
A regulated investment company consisting of professional managers who issues redeemable securities representing a portfolio of many different securities; you can invest in a unit investment trust for as little as $1000
A trust that is registered with the Securities and Exchange Commission (SEC) that purchases and packages a fixed portfolio of bonds. The units representing a fractional, undivided interest in the trust are then sold to investors, and the investor receives periodic interest and, upon maturity of the individual bonds, the redemption value. Unit Investment Trusts are not actively managed, as is a mutual fund.
Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value
Copyright © 2000, Campbell
R. Harvey. All Rights Reserved.
Unit Investment Trust (UIT) is a US investment company offering a fixed (unmanaged) portfolio of securities having a definite life. UITs are assembled by a sponsor and sold through brokers to investors
A UIT portfolio may contain one of several different types of securities. The two main types are stock (equity) trusts and bond trusts.
Unlike a mutual fund, a UIT is created for a specific length of time and is a fixed portfolio, meaning that the UITs securities will not be sold or new ones bought, except in certain limited situations (for instance, when a company is filing for bankruptcy or the sale is required due to a merger
This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License
Undefined term - The term of execution of the sale and purchase is not specified. Underlying asset - Assets underlying to derivatives contracts, in funds, as reference for referential instruments, ... Underlying-CollateralRiskProfile - Examples of risk occurences:
- Issuer area
If the underlying assets become less worth, this means:
-- less profit by the issuer in the short term
-- less solvability by the issuer in the long term
- Holder area
If the underlying values become less worth, this means:
-- prices, thus valuation is lowered Underlying-CollateralRiskSymptom - Underlying-Collateral symptoms on which a risk profile is based. Unexperienced management - The management did not learn from errors in the past since there were no errors commitet unit - Quantity expressed as a number, eg, a number of shares. Unknown - It is unknown whether capitalization of interests is possible. Unknown begin- and end date Unknown instant Unknown target - The targete public is unknown. Unprofessional approach - In stead of thorough case studies, the management uses vague criteria to justify decisions:
- from “the stomac”
- by intuition
- based on "feeling" Unsecured Unsponsored - A US bank acquires shares independently from the foreign company.
Against these shares ADR's (American depositary receipts) are issued by the US bank.
These ADR's are registered with the SEC (Securities and exchange commission) and traded.
The right to vote lies with the depositary bank. Uranium - US-CFI Code - The value of the code in the ISO 10962 classification extended by US values. US-CFI Position - The position of the code in the ISO 10962 classification extended by US values. 
Used countries as fiscal residence ValidInstant - Instant at which the information of an individual is valid. validity end date - Last day of validity of the individual's data. validity start date - First date of validity of the individual's data. ValidPeriod - Period during which the information on an individual is valid. ValidTime - Valid time instants or periods VALOREN - Identifier for Swiss securities assigned by Telekurs Financial, the Swiss numbering agency. ValuePartition - Partition with reference data.
Values in this partition are referenced by the core concepts as there are: financial instrument, party, ... to value their properties. ValuePartition - Values referenced from the financial instrument class Vanadium - Variable - The interest rate varies during the term of the loan according to the specifications of the prospectus Variable annuities - Insurance program that allows to direct invest in a choice of mutual funds. Meanwhile, one gets tax deferment of earnings and a death benefit guarantee, and one is able to obtain periodic checks for life. Very low direct stock price impact Very low indirect stock price impact Very low profitability impact Very low solvability impact VoluntaryCorporateAction - Service of executing voluntary corporate actions like management buy outs, public purchase offers,... VOSTRO - The account of the principal for his holdings in another financial institution's books. VostroAccountPosition - The position of financial instruments in the account VostroCashAccount VostroSecuritiesAccount Voting rights - Normal right to vote: 1 share = 1 vote. voting type - Shows the extend of the rights to vote for shareholders. VotingRight - Shows the extend of the rights to vote for shareholders. Warrant - A warrant is the right to acquire shares or other underlying values of an emittor.
There are index and basket warrants, currency warrants, equity warrants which can be calls or puts. Warrant holding unit - The unit consists of warrants and other stock warrant type - The type of right. WarrantType - The type of right. Wertpapier - Wertpapier Kenn-nummer. A number issued in Germany by the Wertpapier Mitteilungen. The Wertpapier Kenn-nummer, sometimes called WPK, contains 6-digits, but no check digit. There are different ranges of numbers representing different classes of securities. Whole loan - Whole loans are normally larger in size than accepted following the standards. Several whole loans can be grouped as collateral for a Collateral Mortgage Obligation.
The CMO is a separate entity of the mortgage debt financial institution. The CMO is holder of a pool of morgage debts. The CMO issues debt certificates, bonds, on his turn with the mortgages as collateral. The bonds are called classes or tranches. The distribution of the collaterals over the bonds is called the structure. The whole of the setup is called the deal. Wolframite - Wool - Worthless - Without any value XNStatus - The X/N status is determined at 2 levels: the customer securities account' beneficial owners and the financial instrument.
Debt instruments eligible to the X/N status are instruments for which the Belgian National Bank is acting as settlement party and custodian.
An instrument with status X can only be held by beneficial owners with X status.
An instument with N or X/N status can be held by beneficial owners having the X or the N status.
When an instrument is of X or X/N status, and the beneficial owners are of X status, the income is exempted from Belgian prepaid taxes. XNStatusN XNStatusX YearlyAccount - The accounts which have to be published at least once a year according to the national legislation. Zero discount - At issue of the loan, the interest of the loan is prepaid by means of an issue premium. Zero then fixed_DEFD - At issue of the loan, the interest covering part of the loan term is prepaid by means of an issue premium, from a certain moment on, fixed interest will be paid on the facial value of the bond. Zinc -