AccountModificationInstructionV08 (AcctModInstr)

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.

Outline

The AccountModificationInstructionV08 MessageDefinition is composed of 16 MessageBuildingBlocks:

Message Identification — Reference that uniquely identifies the message from a business application standpoint.
Previous Reference — Reference to a linked message that was previously sent.
Instruction Details — Information about the modification instruction.
Investment Account Selection — Identifies the account for which the information is modified.
Modified Investment Account — Information related to general characteristics of the account to be inserted, updated or deleted.
Modified Account Parties — Information related to an account party to be inserted, updated or deleted.
Modified Intermediaries — Information related to intermediaries to be inserted, updated or deleted.
Modified Placement — Information related to referral information to be inserted, updated or deleted.
Modified Issue Allocation — Eligibility conditions related to allocation of new issues to be inserted, updated or deleted.
Modified Savings Investment Plan — Information related to a savings plan to be inserted, updated or deleted.
Modified Withdrawal Investment Plan — Information related to a withdrawal plan to be inserted, updated or deleted.
Modified Cash Settlement — Cash settlement standing instruction to be either inserted or deleted.
Modified Service Level Agreement — Information related to documents to be added, deleted or updated.
Modified Additional Information — Information related to additional information to be added, deleted or updated.
Market Practice Version — Identifies the market practice to which the message conforms.
Extension — Additional information that cannot be captured in the structured elements and/or any other specific block.