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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.
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