Scope
The CollateralProposalResponse message is sent by the collateral taker or its collateral manager to the collateral giver or its collateral manager to either accept or reject the collateral which has been proposed for the margin call. This message applies to both initial and counter proposals. If the collateral proposal is rejected then a new collateral proposal must be made. The message definition is intended for use with the ISO20022 Business Application Header.Usage
The CollateralProposalResponse message can be sent in response to a previously received CollateralProposal message in order to accept or reject the collateral that has been proposed to cover the margin call.Outline
The CollateralProposalResponseV06 MessageDefinition is composed of 4 MessageBuildingBlocks:
- Transaction Identification — Unambiguous identification of the transaction as know by the instructing party.
- Obligation — Provides information like the identification of the party or parties associated with the collateral agreement, the exposure type and the valuation date.
- Proposal Response — Details the response to the collateral which has been proposed for the margin call. The proposed collateral can be accepted or rejected.
- Supplementary Data — Additional information that can not be captured in the structured fields and/or any other specific block.
CollateralProposalResponseV06
CollPrpslRspn
Mandatory
Type: CollateralProposalResponseV06
Mandatory
Oblgtn
Mandatory
PrpslRspn
Mandatory
SplmtryData
Repetition (0..n)