Update status of Update status of the original instruction if the Executing Servicing original instruction processing change requires it (and inform about it). Update status of Update status of original instruction: Update status. Instructing original instruction Modification Request and Status Advice Modification Process Prior To Settlement Step Description Initiator Create instruction Instruction of the original instruction Instructing Party Processing, matching Not described in details, the is on the Executing Servicing and settlement replacement/modification process Monitor matching and Not described in details, the focus is on the Instructing Party settlement process modification. Go to Modification choice. Modification choice If NO go to Monitor Matching and Settlement Process. Instructing If YES go to Request Modification. Request modification Request to modify business data (could be several Instructing Party fields) of a transaction previously instructed. Validation of Validation of the Modification Request. Executing Servicing Party modification request Validation choice If NO, go to Reject. If YES, go to Counterparty Executing Servicing Party Response choice. Reject Executing Servicing Party Counterparty response If NO, go to Monitor Modification Request, if YES go Executing Servicing choice to Send Status Advice. Review status Go to Response choice Counter Response choice If YES go to Provide a Response. If NO go to Monitor Counter Modification Request (Executing/Servicing Party) Provide a response Provide a response to (Executing/Servicing Party) Counter Party Monitor modification Monitoring of the status of the Request. Go to Update Executing Servicing request choice. Update choice If NO, go to Provide Status on Modification, If YES, go Executing Servicing to Update Original Transaction. Monitor modification Monitoring of the status of the Request. Instructing Party Provide status on Provide status of modification request and go back to Executing Servicing Party modification request Processing Matching and Settlement Process. Validate choice If NO, go to Pending choice. If YES, go to update Instructing Party original transaction activity. Pending choice If NO, go back to Monitor Matching and Settlement Instructing Process. If YES, go back to Monitor Modification Request. Update the original Reflect modification on the transaction for the Instructing Party transaction command was sent and go back to the Monitor Matching and Settlement Process.
Update status of original instruction Update status of the original instruction if the processing change requires it (and inform about it). Executing Servicing Update status of original instruction Update status of original instruction: Update status. Instructing Modification Request and Status Advice Modification Process Prior To Settlement Step Description Initiator Create instruction Instruction of the original instruction Instructing Party Processing, matching and settlement process Not described in details, the is on the replacement/modification Executing Servicing Monitor matching and settlement process Not described in details, the focus is on the modification. Go to Modification choice. Instructing Party Modification choice If NO go to Monitor Matching and Settlement Process. If YES go to Request Modification. Instructing Request modification Request to modify business data (could be several fields) of a transaction previously instructed. Instructing Party Validation of modification request Validation of the Modification Request. Executing Servicing Party Validation choice If NO, go to Reject. If YES, go to Counterparty Response choice. Executing Servicing Party Reject Executing Servicing Party Counterparty response choice If NO, go to Monitor Modification Request, if YES go to Send Status Advice. Executing Servicing Review status Go to Response choice Counter Response choice If YES go to Provide a Response. If NO go to Monitor Modification Request (Executing/Servicing Party) Counter Provide a response Provide a response to (Executing/Servicing Party) Counter Party Monitor modification request Monitoring of the status of the Request. Go to Update choice. Executing Servicing Update choice If NO, go to Provide Status on Modification, If YES, go to Update Original Transaction. Executing Servicing Monitor modification Monitoring of the status of the Request. Instructing Party Provide status on modification request Provide status of modification request and go back to Processing Matching and Settlement Process. Executing Servicing Party Validate choice If NO, go to Pending choice. If YES, go to update original transaction activity. Instructing Party Pending choice If NO, go back to Monitor Matching and Settlement Process. If YES, go back to Monitor Modification Request. Instructing Update the original transaction Reflect modification on the transaction for the command was sent and go back to the Monitor Matching and Settlement Process. Instructing Party