SWIFT ISO 20022 - Message description - Alternative Funds Subscription Order (setr.059.001)

Scope

An instructing party, for example, an investment manager, custodian or its authorised representative, sends the AlternativeFundsSubscriptionOrder message to the executing party, for example, a transfer agent or administrator, to instruct the subscription of a financial instrument for one investment fund account.

There may be one or more parties between the instructing party and the executing party.

Usage

The AlternativeFundsSubscriptionOrder message is sent by the instructing party to the executing party to instruct a single subscription order, that is, a message containing one order for one financial instrument and related to one investment account.

AltrntvFndsSbcptOrdr