BusinessProcess Description This diagram represents the high level BusinessProcesses. Account Administration Item Description Definition The account servicer creates and maintains an accounting record for the account owner/intermediary with the fund and records static information relating to the account owner/intermediary, for example, name, address, credit limit, anti-money laundering checks, tax and residency status, income distribution instructions, settlement instructions and terms and intermediary. Trigger investor wants to make an investment in a fund account owner wants to open, maintain or close its account Pre-conditions formal demand from the account owner to open, maintain or close an account if the account is to be closed, then a zero balance in the account Post-conditions laundering, legal documentation or other documentation is available credit limit is set account identification is attributed direct debit mandates are set up power of attorney is added reporting is defined commission schedule is defined confirmation of account details is provided to the account owner or its intermediary relevant tax authorities are informed account is open, updated or closed Role Account servicer Order Processing Item Description Definition An investor places an instruction to subscribe to, redeem from, transfer or switch between units in one or more funds. Trigger investor/intermediary decision corporate action event standing instruction, for example, saving plans or saving schemes Pre-conditions valid account exists fund exists credit limit exists (for subscription), if required for switch or redemption, the units in the account are settled/created respects the terms set out in the prospectus instructing is validated and verified
the inbound statements received from the respective customers and enriched with the same customer data as is reported to the fund company/transfer agent. The purposes that the transparency of holdings statement has been designed for include: Disclosure of information about customers of customers Verify/validate claims for retrocessions, rebates and commissions Check compliance with laws, regulations and general terms and conditions. Perform data analysis throughout custody chains, to identify geographic distribution patterns, measure the effects of targeted advertisement initiatives, and so on. Aggregate Holdings Upon receipt of the Transparency of Holdings statement, the receiver combines data from its own books with the information received in the statement, and identifies any discrepancies to be reported as “account differences”. Receiving Party (all levels) Reconcile Aggregated Holdings The receiver all required updates in its own accounts for alignment. Receiving Party (all levels) Stock Transfers (Single Leg Transfer) This scenario is based on the Securities Market Practice Group (SMPG) Investment Funds working group market practice. The instructing party may be a transferor's bank or transferee's bank. The executing party may be the transfer agent. There may be one an intermediary/transferee's custodian between the transferee's bank and the transfer agent. There may be one an intermediary/transferor's custodian between the transferor's bank and the transfer agent. Step Description Initiator Instruct Transfer A transfer in instruction is sent by the transferee’s bank to the transferor's bank. The transferee's bank must have enough information to instruct the transfer Transferee's Bank (Instructing Party) Validate Instruction + provide Status The transfer in instruction is validated, a transfer instruction status report is sent. Transferor's Bank (Executing Party) Instruct Transfer A transfer out instruction is sent by the transferor’s bank to the transfer agent. Transferor's Bank (Instructing Validate Instruction + provide Status The transfer out instruction is validated, a transfer instruction status report is sent. Confirm Transfer The transfer out and transfer in confirmations are simultaneously sent by the transfer agent to the transferor’s bank and the transferee’s bank. Transfer Agent Inform End Client The transferee's bank informs the end-client of the transfer. Transferee's Bank (Executing Party) Inform End Client The transferor's bank informs the end-client of the transfer. Transferor's Bank (Executing Party)
</AmtOrUnits> <InvstmtAcctDtls> <AcctId>22222222</AcctId> </InvstmtAcctDtls> <PhysDlvryInd>false</PhysDlvryInd> </IndvOrdrDtls> <ReqdSttlmCcy>EUR</ReqdSttlmCcy> </BlkOrdrDtls> </SbcptBlkOrdr> SubscriptionBulkOrderCancellationRequest setr.008.001.04 Description A SubscriptionBulkOrderCancellationRequest message is sent to request the cancellation of two subscription orders. The first individual order to be cancelled has reference 123-1. The second individual order to be cancelled has reference 123-2. Message Instance <SbcptBlkOrdrCxlReq> <MsgId> <Id>S0002</Id> <CreDtTm>2017-01-04T09:30:30</CreDtTm> </MsgId> <OrdrRefs> <OrdrRef>123-1</OrdrRef> </OrdrRefs> <OrdrRefs> <OrdrRef>123-2</OrdrRef> </OrdrRefs> </SbcptBlkOrdrCxlReq> SubscriptionBulkOrderConfirmation setr.009.001.04 Description A SubscriptionBulkOrderConfirmation is sent for financial instrument ISIN LU8888888888. It contains two order executions. Confirmation 1 The execution is for an order with order reference 123-1 and deal reference 123-1/001. It is for account 11111111. For this account, EUR 500 have been invested, corresponding to 50 units subscribed at an NAV price of EUR 10. The trade date for this execution is 03 January 2017. The execution is cum dividend. The original order was executed fully. A front-end charge of EUR 5 has been levied. There will not be a physical
<OrdrSts> <Rjctd> <AddtlInf>Financial Instrument ID not </Rjctd> </OrdrSts> </IndvOrdrDtlsRpt> <IndvOrdrDtlsRpt> <OrdrRef>Order 2</OrdrRef> <OrdrSts> <Rjctd> <AddtlInf>Not enough cash</AddtlInf> </Rjctd> </OrdrSts> </IndvOrdrDtlsRpt> </StsRpt> </OrdrInstrStsRpt> OrderInstructionStatusReport setr.016.001.04 – 2 Accepted Description An OrderInstructionStatusReport message is sent to report on the status of an order. It reports that an order with order reference REF A has been accepted. The message also pre-confirms that the expected cash settlement date of the is 10 January 2017. Message Instance <OrdrInstrStsRpt> <MsgId> <Id>O0001</Id> <CreDtTm>2017-01-08T09:30:30</CreDtTm> </MsgId> <StsRpt> <IndvOrdrDtlsRpt> <OrdrRef>REF A</OrdrRef> <OrdrSts> <Sts>PACK</Sts> </OrdrSts> <NewDtls> <XpctdCshSttlmDt>2017-01-10</XpctdCshSttlmDt> </NewDtls> </IndvOrdrDtlsRpt> </StsRpt>
OrderInstructionStatusReport setr.016.001.04 – 4 Gated Redemption Description An OrderInstructionStatusReport message is sent to report on the status of a redemption order. It reports that an order, with order reference Order 22, is partially settled, the redemption has been gated and all settlement will be done at the same price (GAT1). Message Instance <OrdrInstrStsRpt> <MsgId> <Id>O0001</Id> <CreDtTm>2017-01-08T09:30:30</CreDtTm> </MsgId> <StsRpt> <IndvOrdrDtlsRpt> <OrdrRef>Order 22</OrdrRef> <OrdrSts> <PrtlySttld> <Rsn> <Cd>GAT1</Cd> </Rsn> </PrtlySttld> </OrdrSts> </IndvOrdrDtlsRpt> </StsRpt> </OrdrInstrStsRpt> OrderCancellationStatusReport setr.017.001.04 Description An OrderCancellationStatusReport message is sent to report on the status of a cancellation request. It reports that the order with order reference Order 15 is pending cancellation. Message Instance <OrdrCxlStsRpt> <MsgId> <Id>OC001</Id> <CreDtTm>2017-01-10T09:30:30</CreDtTm> </MsgId> <StsRpt> <IndvCxlStsRpt> <OrdrRef>Order 15</OrdrRef>
Plan manager B's (transferee) nominee account is 1/987654. This transfer does not involve residual cash movements. NPM001 is quoted as the transfer identification for the ISA transfer (as used in the account information request message previously sent by the new plan manager). As the old plan manager assigned a transfer confirmation identification in the account holding information message it previously sent to the new plan manager, the new plan manager quotes this in the portfolio transfer instruction. Message Instance <PrtflTrfInstr> <MsgRef> <Id>A-131</Id> <CreDtTm>2018-03-05T10:30:00</CreDtTm> </MsgRef> <PmryIndvInvstr> <Nm>Brown</Nm> <GvnNm>John</GvnNm> <IndvInvstrAdr> <AdrTp>HOME</AdrTp> <AdrLine>1 High Street</AdrLine> <PstCd>TW11 1RJ</PstCd> <TwnNm>Twickenham</TwnNm> <Ctry>GB</Ctry> </IndvInvstrAdr> </PmryIndvInvstr> <TrfrAcct> <Svcr> <Pty> <AnyBIC>PMGAGB2L</AnyBIC> </Pty> </Svcr> </TrfrAcct> <NmneeAcct> <Id>1/987654</Id> </NmneeAcct> <Trfee> <Pty> <AnyBIC>PMGBGB2L</AnyBIC> </Pty>