SecuritiesFinancingConfirmationV13 (SctiesFincgConf)

Scope

A securities financing transaction account servicer sends a SecuritiesFinancingConfirmation to an account owner to confirm or advise of the partial or full settlement of the opening or closing leg of a securities financing transaction. The account servicer/owner relationship may be: - a central securities depository or another settlement market infrastructure managing securities financing transactions on behalf of their participants - an agent (sub-custodian) managing securities financing transactions on behalf of their global custodian customer, or - a custodian managing securities financing transactions on behalf of an investment management institution or a broker/dealer.

Usage

The message may also be used to: - re-send a message previously sent, - provide a third party with a copy of a message for information, - re-send to a third party a copy of a message for information using the relevant elements in the Business Application Header.

Outline

The SecuritiesFinancingConfirmationV13 MessageDefinition is composed of 17 MessageBuildingBlocks:

Transaction Identification Details — Securities financing transaction identification information, type (repurchase agreement, reverse repurchase agreement, securities lending or securities borrowing) and other parameters.
Additional Parameters — Additional parameters for the transaction.
Trade Details — Details of the securities financing deal.
Financial Instrument Identification — Financial instrument representing a sum of rights of the investor vis-a-vis the issuer.
Financial Instrument Attributes — Elements characterising a financial instrument.
Quantity And Account Details — Details related to the account and quantity involved in the transaction.
Securities Financing Details — Details of the closing of the securities financing transaction.
Standing Settlement Instruction Details — Specifies what settlement standing instruction database is to be used to derive the settlement parties involved in the transaction.
Settlement Parameters — Parameters which explicitly state the conditions that must be fulfilled before a particular transaction of a financial instrument can be settled. These parameters are defined by the instructing party in compliance with settlement rules in the market the transaction will settle in.
Delivering Settlement Parties — Identifies the chain of delivering settlement parties.
Receiving Settlement Parties — Identifies the chain of receiving settlement parties.
Cash Parties — Cash parties involved in the transaction if different from the securities settlement parties.
Settled Amount — Amount effectively settled and which will be credited to/debited from the account owner's cash account. It may differ from the instructed settlement amount based on market tolerance level.
Other Amounts — Other amounts than the settlement amount.
Digital Payment Settlement — Total quantity of digital asset to be paid or received in exchange for the securities token; or the network fee.
Other Business Parties — Other business parties relevant to the transaction.
Supplementary Data — Additional information that cannot be captured in the structured elements and/or any other specific block.