AccountModificationInstructionV02

Scope
An account owner, eg, and investor or its designated agent, sends the AccountModificationInstruction message to an account servicer, eg, a registrar, transfer agent or custodian bank to modify, ie, create, update or delete specific details of an existing investment fund account.
Usage
The AccountModificationInstruction message is used to modify the details of an existing account.
The AccountModificationInstruction message has three specific uses:
- to maintain/update any of the existing account details, eg, to update the address of the beneficiary or modify the preference to income from distribution to capitalisation, or,
- to add/create specific details to the existing account when these details were not yet recorded at the time of account creation, eg, to add a second address or to establish new cash settlement standing instructions, or,
- to delete specific account details, eg, delete cash standing instructions.
This message cannot be used to delete an entire account, as institution specific and regulatory rules pertaining to account deletion are diverse.
The usage of this message may be subject to service level agreement (SLA) between the counterparties.
Execution of the AccountModificationInstruction is confirmed via an AccountDetailsConfirmation message.

Message Identifier: acmt.003.001.02

Elements

Name	Type	Multiplicity	Definition
MessageIdentification	MessageIdentification1	[1..1]	Identifies the message.
PreviousReference	AdditionalReference3	[0..1]	Reference to a linked message that was previously sent.
InstructionDetails	InvestmentAccountModificationDetails	[0..1]	Provide detailed information about the application modification instruction.
InvestmentAccountSelection	InvestmentAccountSelection2	[1..1]	Investment account selection information used to identify the account for which the information is modified.
ModifiedInvestmentAccount	InvestmentAccount28	[0..1]	Information related to general characteristics of an investment account to be inserted, updated or deleted.
ModifiedAccountParties	AccountParties4	[0..10]	Information related to the account related parties (eg. account owner) to be inserted, updated or deleted.
ModifiedIntermediaries	ModificationScope7	[0..10]	Information related to intermediaries to be inserted, updated or deleted.
ModifiedPlacement	ReferredAgent1	[0..1]	Information related to referred placement agent in the hedge fund industry to be inserted, updated or deleted.
ModifiedIssueAllocation	ModificationScope9	[0..1]	Eligibility conditions information related to new issues allocation to be inserted, updated or deleted.
ModifiedSavingsInvestmentPlan	ModificationScope8	[0..50]	Information related to a savings plan to be either inserted, updated or deleted.
ModifiedWithdrawalInvestmentPlan	ModificationScope8	[0..10]	Information related to a withrawal plan to be either inserted, updated or deleted.
ModifiedCashSettlement	InvestmentFundCashSettlementInformation4	[0..8]	Cash settlement standing instruction associated to the investment fund transaction and to be either inserted or deleted.
ModifiedServiceLevelAgreement	ModificationScope10	[0..30]	Information related to documents to be added, deleted or updated. .
Extension	Extension1		Additional information that cannot be captured in the structured elements and/or any other specific block.