Flexible premium arrangement, model 2 (layered order model)
T to T+3: execution on LDI and non-LDI portfolios
On the transaction date the LDI manager executes on the LDI mandate (protection return) and the asset managers execute on the other portfolios. SWIFT confirmations arrive at T+3. The standard has no messages for this phase; feedback follows at T+3.
Steps
TLDI managerExecution on the LDI mandate with the protection-return objective.
TFM / asset managersExecution on the non-LDI portfolios.
T+3CustodianSWIFT confirmations and cash settlement; input for the final NAV.
Rules and consistency checks
Operational asset managers and brokers are outside the standard (no SIVI message).
Source: Handleiding paragraaf 4.5 (fase 3)
Attribution. Source: SIVI – VB-PUO Standard. Schemas, attribute descriptions and code lists are taken unchanged from the VB-PUO Standard (owned by the Pensioenfederatie, managed by SIVI) and shown with their release and version. Explanations, examples, error descriptions and translations are by WTP Data Lab and are not part of the standard. GitHub Stichting-SIVI/VBPUOdsk · Manual · sivi.org
