SecuritiesFinancingModificationInstructionV10 (SctiesFincgModInstr)

Scope

An account owner sends a SecuritiesFinancingModificationInstruction to a securities financing transaction account servicer to notify the securities financing transaction account servicer of an update in the details of a repurchase agreement, reverse repurchase agreement, securities lending or securities borrowing transaction that does not impact the original transaction securities quantity. Such a change may be: - the providing of closing details not available at the time of the sending of the Securities Financing Instruction, for example, termination date for an open repo, - the providing of a new rate, for example, a repo rate, - the rollover of a position extending the closing or maturity date. The account owner/servicer relationship may be: - a global custodian which has an account with a local custodian, or - an investment management institution which manage a fund account opened at a custodian, or - a broker which has an account with a custodian, or - a central securities depository participant which has an account with a central securities depository, or - a central securities depository which has an account with a custodian, another central securities depository or another settlement market infrastructure, or - a central counterparty or a stock exchange or a trade matching utility which need to instruct the settlement of securities financing transactions to a central securities depository or another settlement market infrastructure.

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 SecuritiesFinancingModificationInstructionV10 MessageDefinition is composed of 11 MessageBuildingBlocks:

Transaction Type And Modification Additional Parameters — Securities financing transaction identification information, type (repurchase agreement, reverse repurchase agreement, securities lending or securities borrowing), modification information and other parameters.
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.
Quantity And Account Details — Details related to the account and quantity involved in the transaction.
Securities Financing Additional Details — Details of the closing of the securities financing 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.
Opening Settlement Amount — Total amount of money to be paid or received in exchange for the securities at the opening of a securities financing transaction.
Opening Digital Settlement Amount — Amount of digital asset that is to be/was posted to the account as a means of payment.
Supplementary Data — Additional information that cannot be captured in the structured elements and/or any other specific block.