CollateralSubstitutionResponseV05 (CollSbstitnRspn)

Scope

The CollateralSubstitutionResponse message is sent by either the collateral taker or its collateral manager to the collateral giver or its collateral manager. This is a response to the CollateralSubstitutionRequest message and the collateral proposed in the substitution request can be accepted or rejected. If the collateral proposed is rejected then a new CollateralSubstitutionRequest should be sent. Note: There are cases where the collateral giver will send this message when the collateral taker has initiated 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

This is a response to the CollateralSubstitutionRequest message and the collateral proposed in the substitution request can be accepted or rejected.

Outline

The CollateralSubstitutionResponseV05 MessageDefinition is composed of 5 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.
Substitution Response — Provides details about the collateral substitution response.
Supplementary Data — Additional information that can not be captured in the structured fields and/or any other specific block.

CollateralSubstitutionResponseV05

CollSbstitnRspn

Mandatory

Type: CollateralSubstitutionResponseV05

Transaction Identification

TxId

Mandatory

Obligation

Oblgtn

Mandatory

Agreement

Agrmt

Optional

Substitution Response

SbstitnRspn

Mandatory

Supplementary Data

SplmtryData

Repetition (0..n)