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 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.
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