Roles
VB-PUO for the Investment administrator / asset service provider (BA)
The independent investment administrator, often the custodian, keeps the leading investment administration (ABOR). It receives the same SPR messages as the fiduciary and the trade instruction (5) from the PUO. It is the sender of return information (4), the order confirmation (6), control information (10), value information per investment pool (13) and payment information (14); it sends corporate actions (15) when the set-up assigns that to it. Now that the ACB role has been discontinued, the BA also administers the units; the PUO sends 10 and 14 only when it fulfils the BA role itself (issue #142). Which party processes an order (broker, transfer agent or order desk) does not change the data exchange.
Sends
- 00002 Return on investment
- 00542 Order confirmation
- 00555b Value information investment pool
- 00553 Control information investment pools
- 00556 Payment information
- 00557 Corporate actions
- feedback Feedback message
Receives
Checklist
- Return information by T+4 at the latest (implementation plans) with plausible opening, flow and closing values.
- Preliminary NAV at T-4 and final NAV at T+3 with different messageIds.
- Code lists of the right release (ISOVAL, AFDIDP, AFDSWI, AFDCOA); the schemas of messages 5, 6 and 15 refer for AFDSWI and AFDCOA to the code-list file SIVI ships next to the schema.
- Control information (message 10) at T-4 and payment information (message 14) at T+3 to the fiduciary; the PUO sends them only when it fulfils the BA role itself (issue #142).
- Order confirmation (message 6) with the order's refKey; if tradeQuantity and tradePrice are both present, tradeQuantity × tradePrice equals tradeAmount (manual section 6.3.2).
Deadlines
- T-4 preliminary NAV and control information (message 10); T+3 order confirmation (message 6), final NAV and payment information (message 14); T+4 return information (SPR, implementation plans).