SWIFT ISO 20022 - Message description - Buy In Notification (secl.007.001)

Scope

The BuyInNotification message is sent by the central counterparty (CCP) to a clearing member to notify the start of the buy in process.

The message definition is intended for use with the ISO 20022 Business Application Header.

Usage

The buy in process is a process by which the CCP buys in stocks to cover failed transactions; the clearing member is notified that this process has started. Depending on each CCP internal rules, this message can also be sent, as a warning, by the central counterparty to the clearing member some days before the buy in process starts.

BuyInNtfctn