 | 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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| 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. |
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| Securities Message rejection v02 |
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