AccountModificationInstructionV08

Scope
The AccountModificationInstruction message is sent by an account owner, for example, an investor or its designated agent to the account servicer, for example, a registrar, transfer agent, custodian bank or securities depository to modify, that is, create, update or delete specific details of an existing account.
Usage
The AccountModificationInstruction message is used to modify the details of an existing account.
The AccountModificationInstruction message can be used to:
- maintain/update any of the existing account details, for example, to update the address of the beneficiary or modify the preference to income from distribution to capitalisation, or,
- add/create specific details to the existing account when these details were not yet recorded at the time of account creation, for example, to add a second address or to establish new cash settlement standing instructions, or,
- delete specific account details, for example, delete cash standing instructions, or,
- instruct a change to the status of the account, for example, instruct the closure of the account.
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.003.001.08

Elements

Name	Type	Multiplicity	Definition
MessageIdentification	MessageIdentification1	[1..1]	Reference that uniquely identifies the message from a business application standpoint.
PreviousReference	AdditionalReference13	[0..1]	Reference to a linked message that was previously sent.
InstructionDetails	InvestmentAccountModification4	[0..1]	Information about the modification instruction.
InvestmentAccountSelection	AccountSelection3Choice	[1..1]	Identifies the account for which the information is modified.
ModifiedInvestmentAccount	InvestmentAccount75	[0..1]	Information related to general characteristics of the account to be inserted, updated or deleted.
ModifiedAccountParties	AccountParties18		Information related to an account party to be inserted, updated or deleted.
ModifiedIntermediaries	ModificationScope40		Information related to intermediaries to be inserted, updated or deleted.
ModifiedPlacement	ModificationScope43	[0..1]	Information related to referral information to be inserted, updated or deleted.
ModifiedIssueAllocation	ModificationScope21	[0..1]	Eligibility conditions related to allocation of new issues to be inserted, updated or deleted.
ModifiedSavingsInvestmentPlan	ModificationScope41	[0..50]	Information related to a savings plan to be inserted, updated or deleted.
ModifiedWithdrawalInvestmentPlan	ModificationScope41	[0..10]	Information related to a withdrawal plan to be inserted, updated or deleted.
ModifiedCashSettlement	CashSettlement4	[0..8]	Cash settlement standing instruction to be either inserted or deleted.
ModifiedServiceLevelAgreement	ModificationScope44	[0..30]	Information related to documents to be added, deleted or updated.
ModifiedAdditionalInformation	ModificationScope45		Information related to additional information to be added, deleted or updated.
MarketPracticeVersion	MarketPracticeVersion1	[0..1]	Identifies the market practice to which the message conforms.
Extension	Extension1		Additional information that cannot be captured in the structured elements and/or any other specific block.

Validation Rules

UnitRule: If ModifiedSavingsInvestmentPlan is present, then ModifiedSavingsInvestmentPlan/InvestmentPlan/Quantity/Unit is not allowed.