Release 2027 (pre-release) · Schema version001.05 · Active
SIVI message 3 (0001c): Pension projection (VB-PUO)
Message 3 contains the projected future pension payments per cohort and per payment date, plus the amounts weighted by the hedging percentage. This lets the fiduciary or LDI manager set up the interest-rate hedge (protection portfolio) on the fund's actual liability profile.
Sender
Pension administrator (PUO)
Receiver
Fiduciary manager (FM), investment administrator (BA) and LDI manager
Timing
Monthly (expected); in FPR model 2 at T-4 to the LDI manager
Arrangement
SPR; in FPR model 2 also as interest-rate risk profile to the LDI manager
afdDefinitionName
VBPUO-001.00-Bericht_3._Pensioenprojectie_(0001c)
Message structure
Entities with cardinality [min..max] and number of attributes; click for the entity page.
- chunking.default[0..1] · 4 attr.
- commonFunctional.default[1..1] · 4 attr.
- commonTechnical.default[1..1] · 3 attr.
- party.receiver[1..1] · 3 attr.
- party.sender[1..1] · 4 attr.
- party.contact[0..9] · 2 attr.
- document.default[0..99] · 3 attr.
- party.pensionProvider[1..1] · 3 attr.
- pension.scheme[1..999] · 2 attr.
- financialInformation.reportingPeriod[1..1] · 1 attr.
- financialTransaction.payment[1..99999] · 4 attr.
- pension.cohort[0..99999] · 8 attr.
- financialTransaction.payment[0..9999] · 4 attr.
- pension.scheme[1..999] · 2 attr.
Attributes(45)
| Entity | Attribute | Type | V/O | Code list | Description |
|---|---|---|---|---|---|
| chunking.default | currentChunkId | string | V | Unique reference (id) of the current chunk. | |
| chunking.default | chunkSequenceNumber | integer | V | Sequence number of the current chunk. | |
| chunking.default | totalNumberOfChunks | integer | V | Total number of chunks the message has been split into. | |
| chunking.default | chunkFragmentPaths | array[string] | V | Array of JMESPath references to the message fragments used within the current chunk. | |
| commonFunctional.default | afdDefinitionVersion | string · max 80 | V | 001.05 | Version of the AFD-definition. |
| commonFunctional.default | afdDefinitionName | string · max 80 | V | Name of the AFD-definition. | |
| commonFunctional.default | originalMessageId | string · max 70 | O | The messageId of the original message, which is replaced by this message. | |
| commonFunctional.default | function | string | V | ADNFUN | Message function |
| commonTechnical.default | creationDateTime | string · format date-time | V | Date and time (as timestamp) when the message was created. | |
| commonTechnical.default | messageId | string · max 70 | V | Unique identification of the message. (AFD 2.0 only) | |
| commonTechnical.default | testMessage | boolean | O | Indication whether the message is a test message. | |
| party.receiver | refKey | string · max 70 | V | Unique reference key assigned to an entity. | |
| party.receiver | organizationName | string · max 60 | V | Name of professional or branch organization. | |
| party.receiver | rsinNumber | string · max 9 | O | Governmental identification number for legal entities and associations. (AFD 2.0 only) | |
| party.sender | refKey | string · max 70 | V | Unique reference key assigned to an entity. | |
| party.sender | applicationSenderName | string · max 60 | O | Name of the application that sends the data. | |
| party.sender | organizationName | string · max 60 | V | Name of professional or branch organization. | |
| party.sender | rsinNumber | string · max 9 | O | Governmental identification number for legal entities and associations. (AFD 2.0 only) | |
| party.contact | workPhoneNumber | string · max 60 | V | Work telephone number. | |
| party.contact | emailWork | string · max 60 | V | Work email address. | |
| document.default | refKey | string · max 70 | V | Unique reference key assigned to an entity. | |
| document.default | fileExtension | string | V | pdf | csv | txt | Extension of the file under which the attachment can be saved. For example "pdf", "doc", etc. |
| document.default | fileName | string · max 60 | V | Name of the file under which the attachment can be saved. | |
| party.pensionProvider | organizationName | string · max 60 | V | Name of professional or branch organization. | |
| party.pensionProvider | rsinNumber | string · max 9 | O | Governmental identification number for legal entities and associations. (AFD 2.0 only) | |
| party.pensionProvider | puvCode | string | V | AFDIDP | Pension provider |
| pension.scheme | refKey | string · max 70 | V | Unique reference key assigned to an entity. | |
| pension.scheme | pensionSchemeName | string · max 60 | V | Name of the pension scheme. | |
| financialInformation.reportingPeriod | projectionDate | string · format date | V | Date of projection of pension benefits. | |
| financialTransaction.payment | refKey | string · max 70 | V | Unique reference key assigned to an entity. | |
| financialTransaction.payment | hedgedExpectedPensionPaymentAmount | number · multipleOf 0.01 | V | Amount of cash flows to be hedged per period. | |
| financialTransaction.payment | expectedPensionPaymentDate | string · format date | V | Expected pension payment date (possibly per scheme). | |
| financialTransaction.payment | amount | number · multipleOf 0.01 | V | An amount. | |
| pension.cohort | refKey | string · max 70 | V | Unique reference key assigned to an entity. | |
| pension.cohort | description | string · max 60 | V | Description. | |
| pension.cohort | reserveDescription | string · max 60 | O | Description of the reserve. | |
| pension.cohort | reserveType | string | O | AFDRES | Reserve type |
| pension.cohort | reserveIndicator | boolean | V | Indication whether a reserve is available / applies. | |
| pension.cohort | startAge | number · multipleOf 1 | O | Start age. | |
| pension.cohort | endAge | number · multipleOf 1 | O | End age. | |
| pension.cohort | participationStatus | string | O | ADNDNS | Participation type |
| financialTransaction.payment | refKey | string · max 70 | V | Unique reference key assigned to an entity. | |
| financialTransaction.payment | hedgedExpectedPensionPaymentAmount | number · multipleOf 0.01 | O | Amount of cash flows to be hedged per period. | |
| financialTransaction.payment | expectedPensionPaymentDate | string · format date | V | Expected pension payment date (possibly per scheme). | |
| financialTransaction.payment | amount | number · multipleOf 0.01 | V | An amount. |
Sample message
✓ Validated against schema VBPUO-001.05 · 2026-09-05
Sample source: SIVI voorbeeldbericht (Voorbeeldbericht_3). Values are fictitious.
{
"commonTechnical": [
{
"entityType": "default",
"creationDateTime": "2023-12-29T12:30:00Z",
"messageId": "msg987654",
"testMessage": true,
"party": [
{
"entityType": "sender",
"refKey": "send001",
"organizationName": "Insurance Company B",
"rsinNumber": "987654321",
"applicationSenderName": "InsurAppV3"
},
{
"entityType": "receiver",
"refKey": "recv001",
"organizationName": "Pension Fund A",
"rsinNumber": "123456789"
}
]
}
],
"commonFunctional": [
{
"entityType": "default",
"afdDefinitionName": "VBPUO-001.00-Bericht_3._Pensioenprojectie_(0001c)",
"afdDefinitionVersion": "001.05",
"function": "01",
"originalMessageId": "orig123456"
}
],
"party": [
{
"entityType": "pensionProvider",
"organizationName": "Pension Provider XYZ",
"rsinNumber": "555666779",
"puvCode": "U0003",
"pension": [
{
"entityType": "scheme",
"refKey": "scheme01",
"pensionSchemeName": "Standard Retirement Plan",
"financialInformation": [
{
"entityType": "reportingPeriod",
"projectionDate": "2024-01-01"
}
],
"financialTransaction": [
{
"entityType": "payment",
"refKey": "pay001",
"hedgedExpectedPensionPaymentAmount": 150000,
"expectedPensionPaymentDate": "2045-01-01",
"amount": 300000
}
]
},
{
"entityType": "scheme",
"refKey": "scheme02",
"pensionSchemeName": "Advanced Retirement Plan",
"financialInformation": [
{
"entityType": "reportingPeriod",
"projectionDate": "2025-01-01"
}
],
"financialTransaction": [
{
"entityType": "payment",
"refKey": "pay002",
"hedgedExpectedPensionPaymentAmount": 200000,
"expectedPensionPaymentDate": "2045-01-01",
"amount": 400000
}
],
"pension": [
{
"entityType": "cohort",
"refKey": "cohort2030",
"description": "2030 Retirement Group",
"participationStatus": "16",
"reserveIndicator": false,
"startAge": 360,
"endAge": 840,
"financialTransaction": [
{
"entityType": "payment",
"refKey": "pay010",
"hedgedExpectedPensionPaymentAmount": 48000,
"expectedPensionPaymentDate": "2060-01-01",
"amount": 100000
},
{
"entityType": "payment",
"refKey": "pay020",
"hedgedExpectedPensionPaymentAmount": 135000,
"expectedPensionPaymentDate": "2050-01-01",
"amount": 300000
}
]
}
]
}
]
}
]
}Rules and consistency checks
- Per cohort an amount and a hedged amount (hedgedExpectedPensionPaymentAmount) are included per future payment date; the sum of the weighted projected benefits per cohort equals the total hedging cashflow per future period.
- The number of payments per cohort is 0 to 9999 (since Release 2026); empty cohorts explicitly with 0 or omitted.
- expectedPensionPaymentDate is the expected payment date (documentation update October 2025, issue #80); year cohorts are described with startAge and endAge (issue #88).
- The projection covers the total population; partial projections per cohort follow the same time axis.
Pitfalls
- Message 3 is the largest message in the chain: hundreds of cohorts times decades of payment dates. SIVI publishes chunking samples specifically for this message; use them.
- A projection in nominal amounts without the hedged amount is useless to the LDI manager; fill both fields.
Errors and fixes
- messageId missing, empty or longer than 70 charactersSchema error on commonTechnical/0/messageId: 'must have required property' or 'must NOT have more than 70 characters'.
- Duplicate messageId after acceptance (HTTP 400 with feedback)The receiver answers HTTP 400 with a feedback message (statusType 0) to a message that looks correct in content.
- afdDefinitionVersion incorrect (001.04 versus 001.05)Schema error 'must be equal to one of the allowed values' on afdDefinitionVersion, or the receiver validates against the wrong schema and reports unknown fields.
- Cohort cardinality exceeded (minContains / maxContains)Schema error 'must contain at least 1 valid item' or 'must contain at most 99999 valid items' on pension.
- participationStatus invalid (ADNDNS)Schema error 'must match exactly one schema in oneOf' on pension.cohort.participationStatus.
- endAge smaller than startAge, or not an integerWith decimals a schema error 'must be integer'; with swapped bounds the schema accepts and the receiver rejects.
- Sum of weighted projected payments unequal to the hedging cashflow (message 3)The LDI manager cannot reconcile the hedge; schema-valid.
- Chunking: chunkSequenceNumber or totalNumberOfChunks inconsistentThe receiver cannot close the series: sequence number higher than the total, duplicate sequence number or varying total within one currentChunkId.
- Chunking: missing chunk at the receiverThe series stays open; the content is not processed and the sender only gets feedback per received chunk.
Frequently asked questions
Why is the pension projection a separate message?
Because the receiver differs: the interest-rate hedge is set up by the fiduciary or a specialised LDI manager, whereas capital and cashflow mainly feed the investment administration.
How far ahead do I project?
The standard does not fix a horizon; in practice it follows the interest-rate term structure and the fund's hedging policy, often 60 years or more.
Change history
- v1.2.0 (November 2024): maximum 9999 payments per cohort.
- v1.3.0 (Release 2026): cardinality 0 to 9999; chunking; documentation issues #80 and #88.
- v1.4.0 (Release 2027): JSON Schema 2020-12.
Schema file: VBPUO-001.00-Bericht_3._Pensioenprojectie_(0001c)_v5.json · JSON-schema (001.05) · GitHub