SWIFT ISO 20022 - Beschreibung der Nachricht - Standing Settlement Instruction (reda.056.001)

Scope

An instructing party sends the StandingSettlementInstruction (SSI) message to the receiver to create or update a standing cash or securities settlement instruction. The message can also be used to notify a counterparty of an SSI.

Usage

The instructing party (initiator) is:

• An account servicer, for example, a global custodian or prime broker
• A counterparty in a transaction, for example:
  • an investment manager (executing broker),
  • a global custodian (executing broker, prime broker)
• A vendor’s application communicating on behalf of an account servicer or counterparty

The receiver is:

• An account owner, for example, an investment manager, hedge fund administrator or a party to which SSI operations have been outsourced
• A counterparty, for example:
  • an investment manager (executing broker)
  • a global custodian (executing broker, prime broker)
• A vendor’s application communicating on behalf of the account owner or counterparty.

StgSttlmInstr