rdfs:comment
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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.
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