Validate/Provide The account modification instruction is validated and processed. Executing Party / Status The executing can send one or more status messages to Registering the instructing party to keep it updated on progress so far. Party Status Received The instructing party receives an intermediate status to confirm Instructing Party receipt or updates of the account opening instruction. Provide Confirmation If the instruction is accepted by the executing party, the details of Executing Party / the successfully modified account are sent by the executing Registering party to the instructing party. Party Reporting This example shows the reporting of prices. Step Description Initiator Send Price Report The reporting party sends a price report to the receiving party at Reporting Party the agreed frequency or in response to a request. Send Cancellation If a price report is found to have been issued in error or contains Reporting Party incorrect information, a price report cancellation message is sent by the reporting party to the requesting party specifying the reason for cancellation. Send New Price If the cancellation is because the price report contained incorrect Reporting Report information, the reporting party sends a new price report to the receiving party. Order Processing The ordering party is also known as the instructing party. Step Description Initiator Instruct Order The instruction (subscription/redemption) order is sent by the Instructing Party instructing party to the Intermediary. Validation The instruction (subscription/redemption) is validated; the Intermediary Intermediary can optionally send one or more status messages to the instructing party to keep them updated on progress so far. Status From The instructing party receives an intermediate status to confirm Instructing Party Intermediary receipt or updates of the instruction (subscription/redemption) order. Instruct Order The instruction (subscription/redemption) is sent by the Intermediary intermediary to the executing party. Validation The instruction (subscription/redemption) order is validated; the Executing Party executing party can optionally send one or more status messages to the intermediary to keep the intermediary updated on progress so far.
Validate/Provide Status The account modification instruction is validated and processed. The executing can send one or more status messages to the instructing party to keep it updated on progress so far. Executing Party / Registering Party Status Received The instructing party receives an intermediate status to confirm receipt or updates of the account opening instruction. Instructing Party Provide Confirmation If the instruction is accepted by the executing party, the details of the successfully modified account are sent by the executing party to the instructing party. Executing Party / Registering Party Reporting This example shows the reporting of prices. Step Description Initiator Send Price Report The reporting party sends a price report to the receiving party at the agreed frequency or in response to a request. Reporting Party Send Cancellation If a price report is found to have been issued in error or contains incorrect information, a price report cancellation message is sent by the reporting party to the requesting party specifying the reason for cancellation. Reporting Party Send New Price Report If the cancellation is because the price report contained incorrect information, the reporting party sends a new price report to the receiving party. Reporting Order Processing The ordering party is also known as the instructing party. Step Description Initiator Instruct Order The instruction (subscription/redemption) order is sent by the instructing party to the Intermediary. Instructing Party Validation The instruction (subscription/redemption) is validated; the Intermediary can optionally send one or more status messages to the instructing party to keep them updated on progress so far. Intermediary Status From Intermediary The instructing party receives an intermediate status to confirm receipt or updates of the instruction (subscription/redemption) order. Instructing Party Instruct Order The instruction (subscription/redemption) is sent by the intermediary to the executing party. Intermediary Validation The instruction (subscription/redemption) order is validated; the executing party can optionally send one or more status messages to the intermediary to keep the intermediary updated on progress so far. Executing Party