Solidarity premium arrangement (SPR)

The monthly cycle of the solidarity premium arrangement: four information flows together

In the SPR the PUO and the asset-management chain exchange four messages every month. Three go from the PUO to the fiduciary and the investment administrator (capital, cashflow, pension projection); one comes back (return information). Together they close the period: opening position plus flows plus return equals closing position.

Steps

• Month start (implementation plans: T+10 at the latest)PUO → FM and BAMessage 1 Capital: the pension capital at the start of the period per scheme and cohort, optionally with the intended portfolio allocation. 0001a
• Month start, prospective or retrospectivePUO → FM and BAMessage 2 Cashflow: contributions, benefits, value transfers and reserve mutations, always net (netAmount, netDate) and optionally also gross (contributions and withdrawals), with a breakdown per cohort (SPR route) or per investment portfolio (FPR route). 0001b
• Month startPUO → FM, BA and LDI managerMessage 3 Pension projection: the projected payments per payment date, per cohort (SPR route) or per investment portfolio (FPR route), weighted by the hedging percentage, as the basis for the interest-rate hedge. 0001c
• After month-end (implementation plans: T+4 at the latest)BA → PUOMessage 4 Return information: opening and closing value, flows and return per portfolio, optionally split into protection and excess return per cohort. The PUO allocates according to the allocation rules. 00002
• On every messageReceiver → senderFeedback message: accepted (8) or rejected (0) with error code; synchronous or asynchronous. feedback

Source: Handleiding hoofdstuk 3 (Processen en informatiestromen SPR) en paragraaf 2.4 (uitgangspunten)