InterestPaymentRequestV05 (IntrstPmtReq)

Scope

The InterestPaymentRequest message is sent by either; - the collateral taker or its collateral manager to the collateral giver or its collateral manager, or - the collateral giver or its collateral manager to the collateral taker or its collateral manager It is used to request payment or advise the amount due for interest calculated for a specified period. The interest is based on the amount of collateral that has been held during the calculation period. It is possible to send these messages on a bi-lateral basis for matching. The message definition is intended for use with the ISO20022 Business Application Header.

Usage

The InterestPaymentRequest message is used to advise the interest amount calculated for a specific period or request payment for an interest amount for a specific period.

Outline

The InterestPaymentRequestV05 MessageDefinition is composed of 7 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.
Interest Due To A — Provides details on the interest amount due to party A.
Interest Due To B — Provides details on the interest amount due to party B.
Net Amount Details — Provides the net interest amount due to A or due to B in case of collateral held and posted during a period.
Supplementary Data — Additional information that cannot be captured in the structured elements and/or any other specific block.