CorporateActionInstruction002V08

Scope
An account owner sends the CorporateActionInstruction message to an account servicer to instruct election on a corporate action event.

This message is used to provide the custodian with instructions on how the account owner wishes to proceed with a corporate action event. Instructions include investment decisions regarding the exercise of rights issues, the election of stock or cash when the option is available, and decisions on the conversion or tendering of securities.
Usage
The message may also be used to:
- re-send a message previously sent (the sub-function of the message is Duplicate),
- provide a third party with a copy of a message for information (the sub-function of the message is Copy),
- re-send to a third party a copy of a message for information (the sub-function of the message is Copy Duplicate),
using the relevant elements in the business application header (BAH).

Message Identifier: seev.033.002.08

Elements

Name	Type	Multiplicity	Definition
ChangeInstructionIndicator	YesNoIndicator	[0..1]	When used in a corporate action instruction, indicates that the current instruction is replacing a previous one that was cancelled earlier. When used in a corporate action instruction cancellation request, indicates that cancelled instruction will be replaced by a new corporate action instruction to be sent later.
CancelledInstructionIdentification	DocumentIdentification37	[0..1]	Identification of a previously sent cancelled instruction document.
InstructionCancellationRequestIdentification	DocumentIdentification37	[0..1]	Identification of a previously sent instruction cancellation request document.
OtherDocumentIdentification	DocumentIdentification38		Identification of other documents as well as the document number.
EventsLinkage	CorporateActionEventReference4		Identification of another corporate action event that needs to be closely linked to the processing of the event notified in this document.
CorporateActionGeneralInformation	CorporateActionGeneralInformation115	[1..1]	General information about the corporate action event.
AccountDetails	AccountAndBalance37	[1..1]	General information about the safekeeping account, owner and account balance.
BeneficialOwnerDetails	PartyIdentification101		Provides information about the beneficial owner of the securities.
CorporateActionInstruction	CorporateActionOption146	[1..1]	Information about the corporate action instruction.
AdditionalInformation	CorporateActionNarrative34	[0..1]	Provides additional information.
SupplementaryData	SupplementaryData1		Additional information that can not be captured in the structured fields and/or any other specific block.

Validation Rules

InstructionCancellationRequestIdentificationRule: If ChangeInstructionIndicator is 'true' or '1' (Yes), then InstructionCancellationRequestIdentification must be present.

CorporateActionEventIdentificationRule: If the CorporateActionInstruction message is unsolicited (that is, this instruction has not been preceded by an CorporateActionNotification), then, CorporateActionGeneralInformation/CorporateActionEventIdentification must be NONREF.

ChangeInstructionIndicatorGuideline: ChangeInstructionIndicator may only be used if CorporateActionOptionDetails/WithdrawalAllowedIndicator was set to 'false' or '0' (No) in the CorporateActionNotification message previously received and if CorporateActionOptionDetails/ChangeAllowedIndicator was set to 'true' or '1' (Yes) in the CorporateActionNotification message previously received.

AdditionalInformationRule: Elements in AdditionalInformation and CorporateActionInstruction/AdditionalInformation must not contain information that can be provided in a structured field unless bilaterally agreed or advised differently in the element definition.

OptionTypeRule: If CorporateActionInstruction/OptionType/Code value is TAXI (Tax Instruction), then at least one occurrence of BeneficialOwnerDetails must be present.