PortfolioTransferCancellationRequestV09 (PrtflTrfCxlReq)

Scope

The PortfolioTransferCancellationRequest message is sent by, for example, an investment manager or its authorised representative, to the executing party, for example, a transfer agent, to request the cancellation of a previously sent PortfolioTransferInstruction message.

Usage

The PortfolioTransferCancellationRequest message is used to request the cancellation of a portfolio transfer instruction. There is no amendment, but a cancellation and re-instruct policy. To request the cancellation of a portfolio transfer instruction, the transfer reference of the portfolio transfer, as specified in the original PortfolioTransferInstruction message, is specified in the transfer reference element. The message identification of the original PortfolioTransferInstruction message may also be quoted in PreviousReference but this is not recommended. The deadline and acceptance of a cancellation request is subject to a service level agreement (SLA). This cancellation message is a cancellation request. There is no automatic acceptance of the cancellation. The rejection or acceptance of a PortfolioTransferCancellationRequest is made using an TransferCancellationStatusReport message.

Outline

The PortfolioTransferCancellationRequestV09 MessageDefinition is composed of 7 MessageBuildingBlocks:

Message Reference — Reference that uniquely identifies the message from a business application standpoint.
Pool Reference — Collective reference identifying a set of messages.
Previous Reference — Reference to a linked message that was previously sent.
Related Reference — Reference to a linked message that was previously received.
Master Reference — Unique and unambiguous identifier for a group of individual transfers as assigned by the instructing party. This identifier links the individual transfers together.
Transfer References — Reference of the portfolio transfer instruction to be cancelled.
Market Practice Version — Identifies the market practice to which the message conforms.