SWIFT ISO 20022 - Beschreibung der Nachricht - Redemption Order (setr.004.001)
Beschreibung
Scope
The RedemptionOrder message is sent by an instructing party, for example, an investment manager or its authorised representative, to the executing party, for example, a transfer agent, to instruct the redemption of one or more financial instruments for one investment fund account.
Usage
The RedemptionOrder message is used to instruct single redemption orders, that is, a message containing one order for one financial instrument and related to one investment account. The RedemptionOrder message may also be used for multiple orders, that is, a message containing several orders related to the same investment account for different financial instruments.
For a single redemption order, the RedemptionOrder message, not the RedemptionBulkOrder message, must be used.
If there are redemption orders for the same financial instrument but for different accounts that are to be communicated in a single message, then the RedemptionBulkOrder message must be used.