AccountOpeningInstructionV05

Scope
An account owner, for example, an investor or its designated agent sends the AccountOpeningInstruction message to the account servicer, for example, a registrar, transfer agent or custodian to instruct the opening of an account or the opening of an account and establishing an investment plan.
Usage
The AccountOpeningInstruction is used to open an account directly or indirectly with the account servicer or an intermediary.
In some markets, for example, Australia, and for some products in the United Kingdom, a first order (also known as a deposit instruction) is placed at the same time as the account opening. To cater for this scenario, an order message can be linked (via references in the message) to the AccountOpeningInstruction message when needed.
Execution of the AccountOpeningInstruction is confirmed via an AccountDetailsConfirmation message.

Message Identifier: acmt.001.001.05

Elements

Name	Type	Multiplicity	Definition
MessageIdentification	MessageIdentification1	[1..1]	Identifies the message.
OrderReference	InvestmentFundOrder4	[0..1]	Identifies a related order.
PreviousReference	AdditionalReference3	[0..1]	Reference to a linked message that was previously sent.
InstructionDetails	InvestmentAccountOpening1	[1..1]	Provides detailed information about the opening instruction.
InvestmentAccount	InvestmentAccount37	[1..1]	Detailed information about the investment account to be opened.
AccountParties	AccountParties10	[1..1]	Information related to parties who are related to an investment account, for example, primary account owner.
Intermediaries	Intermediary24	[0..10]	Information related to an intermediary.
Placement	ReferredAgent1	[0..1]	Placement agent for the hedge fund industry.
NewIssueAllocation	NewIssueAllocation2	[0..1]	Eligibility conditions applicable when there is an allocation of new issues for hedge fund account opening.
SavingsInvestmentPlan	InvestmentPlan10	[0..50]	Plan that allows individuals to set aside a fixed amount of money at specified intervals, usually for a special purpose, for example, retirement.
WithdrawalInvestmentPlan	InvestmentPlan10	[0..10]	Plan through which an investment fund investor's holdings are depleted through regular withdrawals at specified intervals.
CashSettlement	InvestmentFundCashSettlementInformation7	[0..8]	Cash settlement standing instruction associated to the investment fund transaction.
ServiceLevelAgreement	DocumentToSend2	[0..30]	Identifies documents to be provided for the account opening.
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

InvestmentAccountIdentificationRule: If InstructionDetails/OpeningType is SUPA, then InvestmentAccount/Identification must be present and must contain the identification of the main account to which the supplementary account is related.

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

DividendPercentage1Rule: CashSettlement/RedemptionPaymentInstrument/DividendPercentage is not allowed.

DividendPercentage2Rule: SavingsInvestmentPlan/CashSettlement/RedemptionPaymentInstrument/DividendPercentage is not allowed.

DividendPercentage3Rule: WithdrawalInvestmentPlan/CashSettlement/RedemptionPaymentInstrument/DividendPercentage is not allowed.

DividendPercentage4Rule: CashSettlement/InterestPaymentInstrument/DividendPercentage is not allowed.

DividendPercentage5Rule: SavingsInvestmentPlan/CashSettlement/InterestPaymentInstrument/DividendPercentage is not allowed.

DividendPercentage6Rule: WithdrawalInvestmentPlan/CashSettlement/InterestPaymentInstrument/DividendPercentage is not allowed.