SWIFT ISO 20022 - Message description - Investment Fund Cancellation Advice (setr.066.001)
Description
Scope
An executing party/account servicer, for example, a transfer agent or administrator, sends the InvestmentFundCancellationAdvice to the instructing party/account owner, for example, an investment manager, custodian or its authorised representative, to cancel a previously sent investment fund order confirmation or statement message.
There may be one or more parties between the executing party/account servicer and the instructing party/account owner.
Usage
The InvestmentFundCancellationAdvice message is used either to:
- cancel one or more previously sent order confirmations, such as the confirmation contained in a SubscriptionOrderConfirmation, AlternativeFundsSubscriptionOrderConfirmation, etc, or,
- - cancel a previously sent statement message.
(1) When the InvestmentFundCancellationAdvice message is used to advise on the cancellation of an order confirmation message:
- The business references, for example, the OrderReference or DealReference as specified in the order confirmation message are specified.
- The amendment indicator element may be used to specify whether the order confirmation cancellation advice is to be followed by a new order confirmation.
- Elements of the individual order confirmation, as listed in the original order confirmation message, may also be specified, but this is not recommended.
- The message identification of the order confirmation message may also be quoted in PreviousReference, but this is not recommended.
(2) When the InvestmentFundCancellationAdvice message is used to advise on the cancellation of a statement:
- The reference of the statement is quoted.
- The report number, statement date and the account number, etc, may also be provided.
- The amendment indicator element may be used to specify whether the statement cancellation advice is to be followed by a new statement.
- The message identification of the original statement message may also be quoted in PreviousReference, but this is not recommended.
The rejection of a SwitchOrderCancellationRequest is made using an OrderConfirmationStatusReport message.