SecuritiesFinancingModificationInstructionV06

Scope
An account owner sends a SecuritiesFinancingModificationInstruction to a securities financing transaction account servicer to notify the securities financing transaction account servicer of an update in the details of a repurchase agreement, reverse repurchase agreement, securities lending or securities borrowing transaction that does not impact the original transaction securities quantity.
Such a change may be:
- the providing of closing details not available at the time of the sending of the Securities Financing Instruction, for example, termination date for an open repo,
- the providing of a new rate, for example, a repo rate,
- the rollover of a position extending the closing or maturity date.
The account owner/servicer relationship may be:
- a global custodian which has an account with a local custodian, or
- an investment management institution which manage a fund account opened at a custodian, or
- a broker which has an account with a custodian, or
- a central securities depository participant which has an account with a central securities depository, or
- a central securities depository which has an account with a custodian, another central securities depository or another settlement market infrastructure, or
- a central counterparty or a stock exchange or a trade matching utility which need to instruct the settlement of securities financing transactions to a central securities depository or another settlement market infrastructure.

Usage
The message may also be used to:
- re-send a message previously sent,
- provide a third party with a copy of a message for information,
- re-send to a third party a copy of a message for information
using the relevant elements in the Business Application Header.

Message Identifier: sese.036.001.06

Elements

Name	Type	Multiplicity	Definition
TransactionTypeAndModificationAdditionalParameters	TransactionTypeAndAdditionalParameters17	[1..1]	Securities financing transaction identification information, type (repurchase agreement, reverse repurchase agreement, securities lending or securities borrowing), modification information and other parameters.
TradeDetails	SecuritiesTradeDetails5	[1..1]	Details of the securities financing deal.
FinancialInstrumentIdentification	SecurityIdentification19	[1..1]	Financial instrument representing a sum of rights of the investor vis-a-vis the issuer.
QuantityAndAccountDetails	QuantityAndAccount38	[1..1]	Details related to the account and quantity involved in the transaction.
SecuritiesFinancingAdditionalDetails	SecuritiesFinancingTransactionDetails27	[1..1]	Details of the closing of the securities financing transaction.
SettlementParameters	SettlementDetails97	[0..1]	Parameters which explicitly state the conditions that must be fulfilled before a particular transaction of a financial instrument can be settled. These parameters are defined by the instructing party in compliance with settlement rules in the market the transaction will settle in.
DeliveringSettlementParties	SettlementParties36	[0..1]	Identifies the chain of delivering settlement parties.
ReceivingSettlementParties	SettlementParties36	[0..1]	Identifies the chain of receiving settlement parties.
OpeningSettlementAmount	AmountAndDirection49	[0..1]	Total amount of money to be paid or received in exchange for the securities at the opening of a securities financing transaction.
SupplementaryData	SupplementaryData1		Additional information that cannot be captured in the structured elements and/or any other specific block.

Validation Rules

SettlementAmountRule: If the Transaction is against payment, then OpeningSettlementAmount must be present.