Roles
VB-PUO for the Custodian
The custodian holds the investments, independently determines value and performance and settles the cash flows via SWIFT. In the standard the custodian usually acts as investment administrator (BA) and then sends and receives the messages of that role (Tabel 12), including the trade instruction (5) and the order confirmation (6).
Sends
- 00002 Return on investment
- 00555b Value information investment pool
- 00542 Order confirmation
- 00553 Control information investment pools
- 00556 Payment information
- 00557 Corporate actions
- feedback Feedback message
Receives
Checklist
- One interface per fund client with that client's release.
- SWIFT confirmations at T+3 as input for the final NAV.
- Pass on corporate actions (message 15) as soon as they are processed in the custody administration.
Deadlines
- T+3 final NAV and cash settlement.