SWIFT ISO 20022 - Message description - Alternative Funds Redemption Order (setr.060.001)

Scope

An instructing party, for example, an investment manager, custodian or its authorised representative, sends the AlternativeFundsRedemptionOrder message to the executing party, for example, a transfer agent or administrator, to instruct the redemption 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 AlternativeFundsRedemptionOrder 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.

AltrntvFndsRedOrdr