dc:rights
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Intellectual Property Rights:
The ISO 20022 Message Definitions described in this class and subclasses were contributed by SWIFT. The ISO 20022 IPR policy
is available at www.ISO20022.org > Intellectual Property Rights Policy.
Copyright:
Copyright © S.W.I.F.T. SCRL ("SWIFT"), avenue Adèle 1, B-1310 La Hulpe, Belgium, or its licensors, 2008. All rights
reserved. SWIFTStandards are licensed subject to the terms and conditions of the SWIFTStandards IPR Policy - End-
User License Agreement, available at www.ISO20022.org > Intellectual Property Rights Policy > SWIFT.
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rdfs:comment
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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.
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