SecuritiesSettlementTransactionConfirmationV09

Scope
An account servicer sends a SecuritiesSettlementTransactionConfirmation to an account owner to confirm the partial or full delivery or receipt of financial instruments, free or against of payment, physically or by book-entry.
The account servicer/owner relationship may be:
- a central securities depository or another settlement market infrastructure acting on behalf of their participants
- an agent (sub-custodian) acting on behalf of their global custodian customer, or
- a custodian acting on behalf of an investment management institution or a broker/dealer.

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.025.001.09

Elements

Name	Type	Multiplicity	Definition
TransactionIdentificationDetails	SettlementTypeAndIdentification19	[1..1]	Provides transaction type and identification information.
Linkages	Linkages41	[0..1]	Link to another transaction - provided for information only.
AdditionalParameters	AdditionalParameters29	[0..1]	Additional parameters for the transaction.
TradeDetails	SecuritiesTradeDetails96	[1..1]	Details of the trade.
FinancialInstrumentIdentification	SecurityIdentification19	[1..1]	Financial instrument representing a sum of rights of the investor vis-a-vis the issuer.
FinancialInstrumentAttributes	FinancialInstrumentAttributes91	[0..1]	Elements characterising a financial instrument.
QuantityAndAccountDetails	QuantityAndAccount77	[1..1]	Details related to the account and quantity involved in the transaction.
SettlementParameters	SettlementDetails171	[1..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.
StandingSettlementInstructionDetails	StandingSettlementInstruction16	[0..1]	Settlement standing instruction database to be used to derive the settlement parties involved in the transaction.
DeliveringSettlementParties	SettlementParties76	[0..1]	Identifies the chain of delivering settlement parties.
ReceivingSettlementParties	SettlementParties76	[0..1]	Identifies the chain of receiving settlement parties.
CashParties	CashParties36	[0..1]	Cash parties involved in the transaction if different from the securities settlement parties.
SettledAmount	AmountAndDirection94	[0..1]	Amount effectively settled and which will be credited to/debited from the account owner's cash account. It may differ from the instructed settlement amount based on market tolerance level.
OtherAmounts	OtherAmounts40	[0..1]	Other amounts than the settlement amount.
OtherBusinessParties	OtherParties33	[0..1]	Other business parties relevant to the transaction.
AdditionalPhysicalOrRegistrationDetails	RegistrationParameters6	[0..1]	Information for registration or physical settlement.
SupplementaryData	SupplementaryData1		Additional information that cannot be captured in the structured elements and/or any other specific block.

Validation Rules

SettledAmountRule: If the instruction is against payment, then SettledAmount must be present.

ReceivingDepositoryAndParty1Rule: If the instruction is a delivery and no standing settlement instruction applies, then ReceivingDepository and Party1 must be present.

DeliveringDepositoryAndParty1Rule: If the instruction is a receive and no standing settlement instruction applies, then DeliveringDepository and Party1 must be present.

SellerSSIRule: If standing settlement instruction applies and the instruction is a receipt, then Seller must be present.

BuyerSSIRule: If standing settlement instruction applies and the instruction is a delivery, then Buyer must be present. .

TwoLegTransactionOpeningClosing1Rule: For settlement of two part transactions (Securities Financing), the opening/initiation and closing/return of the transaction is confirmed by sending the following combination of TransactionIdentificationDetails/SecuritiesMovementType codes and SettlementParameters/SecuritiesTransactionType codes: Repo Opening TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: Repo (REPU) Repo Closing TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: Repo (REPU) Reverse Repo Opening TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: ReverseRepo (RVPO) Reverse Repo Closing TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: ReverseRepo (RVPO) TriParty Repo Opening TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: TriPartyRepo (TRPO) TriParty Repo Closing TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: TriPartyRepo (TRPO) TriParty Reverse Repo Opening TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: TriPartyReverseRepo (TRVO) TriParty Reverse Repo Closing TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: TriPartyReverseRepo (TRVO) Securities Lending Initiation TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: SecuritiesLending (SECL) Securities Lending Return TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: SecuritiesLending (SECL) Securities Borrowing Initiation TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: SecuritiesBorrowing (SECB) Securities Borrowing Return TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: SecuritiesBorrowing (SECB).

SecuritiesMarketPracticeGroupGuideline: The Securities Market Practice Group (SMPG) has published market practice recommendations on the use of this message. These market practices are available on www.smpg.info.

TwoLegTransactionOpeningClosing2Rule: For settlement of two part transactions (buy-sell back, sell buy-back, collateral in and out), the opening/initiation and closing/return of the transaction is confirmed by sending the following combination of TransactionIdentificationDetails/SecuritiesMovementType codes and SettlementParameters/SecuritiesTransactionType codes: Sell-Buy Back: Sell TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: SellBuyBack (SBBK) Sell-Buy Back: Buy Back TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: SellBuyBack (SBBK) Buy-Sell Back: Buy TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: BuySellBack (BSBK) Buy-Sell Back: Sell Back TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: BuySellBack (BSBK) Collateral (giver) Out Initiation TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: CollateralOut (COLO) Collateral (giver) Out Return TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: CollateralOut (COLO) Collateral (taker) In Initiation TransactionIdentificationDetails/SecuritiesMovementType: Receive (RECE) SettlementParameters/SecuritiesTransactionType: CollateralIn (COLI) Collateral (taker) In Return TransactionIdentificationDetails/SecuritiesMovementType: Delivery (DELI) SettlementParameters/SecuritiesTransactionType: CollateralIn (COLI).