SWIFT ISO 20022 - Description de message - Collateral Substitution Response (colr.011.001)
Description
Scope
The CollateralSubstitutionResponse message is sent by either the collateral taker or its collateral manager to the collateral giver or its collateral manager. This is a response to the CollateralSubstitutionRequest message and the collateral proposed in the substitution request can be accepted or rejected. If the collateral proposed is rejected then a new CollateralSubstitutionRequest should be sent. Note: There are cases where the collateral giver will send this message when the collateral taker has initiated the CollateralSubstitutionRequest message, for example in case of breach in the concentration limit.
The message definition is intended for use with the ISO20022 Business Application Header.
Usage
This is a response to the CollateralSubstitutionRequest message and the collateral proposed in the substitution request can be accepted or rejected.