SWIFT ISO 20022 - Message description - Party Registration And Guarantee Status (tsin.010.001)
Description
The message PartyRegistrationAndGuaranteeStatus is either sent by a factoring service to a financing client to indicate the status of a factoring service agreement or from a guarantee issuer to a factoring client or a factoring service to indicate the guarantee covering a requested factoring service agreement. The message can also be sent to an interested party.
The factoring service or guarantee issuer may include references to a corresponding PartyRegistrationAndGuaranteeRequest message or other related messages and may include referenced data.
The message contains information about other parties to be notified about the financial service agreement or the guarantee and whether these parties are required to acknowledge the agreement.
The message contains information returned by the financial institution indicating acceptance or rejection of the trade partner; a positive response is necessary before being able to assign financial items concerning the trade party.
This message contains identifications of cash accounts to enable payer and payee to treat the transferred payment obligations.
The message can carry digital signatures if required by context.