CollateralSubstitutionRequestV05 (CollSbstitnReq)

Scope

The CollateralSubstitutionRequest message is sent by either the collateral giver or its collateral manager to the collateral taker or its collateral manager. It is used to request a substitution of collateral by specifying the collateral to be returned and proposing the new type(s) of collateral to be delivered. Note: There are cases where the collateral taker can initiate the CollateralSubstitutionRequest message, for example in case of breach in the concentration limit. The message definition is intended for use with the ISO20022 Business Application Header.

Usage

The CollateralSubstitutionRequest message can be sent by either the collateral giver or collateral taker in order to substitute collateral that is already held by the other party.

Outline

The CollateralSubstitutionRequestV05 MessageDefinition is composed of 6 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.
Agreement — Agreement details for the over the counter market.
Collateral Substitution Return — Provides details about the collateral that will be returned.
Collateral Substitution Deliver — Provides details about the collateral that will be delivered.
Supplementary Data — Additional information that can not be captured in the structured fields and/or any other specific block.