the inbound statements received from the respective customers and enriched with the same customer data as is reported to the fund company/transfer agent. The purposes that the transparency of holdings statement has been designed for include: Disclosure of information about customers of customers Verify/validate claims for retrocessions, rebates and commissions Check compliance with laws, regulations and general terms and conditions. Perform data analysis throughout custody chains, to identify geographic distribution patterns, measure the effects of targeted advertisement initiatives, and so on. Aggregate Holdings Upon receipt of the Transparency of Holdings statement, the Receiving Party receiver combines data from its own books with the information (all levels) received in the statement, and identifies any discrepancies to be reported as differences”. “account Reconcile The receiver all required updates in its own accounts for Receiving Party Aggregated Holdings alignment. (all levels) Stock Transfers (Single Leg Transfer) This scenario is based on the Securities Market Practice Group (SMPG) Investment Funds working group market practice. The instructing party may be a transferor's bank or transferee's bank. The executing party may be the transfer agent. There may be one an intermediary/transferee's custodian between the transferee's bank and the transfer agent. There may be one an intermediary/transferor's custodian between the transferor's bank and the transfer agent. Step Description Initiator Instruct Transfer A transfer in instruction is sent by the transferee’s bank to Transferee's Bank the transferor's bank. The transferee's bank must have (Instructing Party) enough information to instruct the transfer Validate Instruction The transfer in instruction is validated, a transfer Transferor's Bank + provide Status instruction status report is sent. (Executing Party) Instruct Transfer A transfer out instruction is sent by the transferor’s bank to Transferor's Bank the transfer agent. (Instructing Validate Instruction The transfer out instruction is validated, a transfer + provide Status instruction status report is sent. Confirm Transfer The transfer out and transfer in confirmations are Transfer Agent simultaneously sent by the transfer agent to the transferor’s bank and the transferee’s bank. Inform End Client The transferee's bank informs the end-client of the Transferee's Bank transfer. (Executing Party) Inform End Client The transferor's bank informs the end-client of the transfer. Transferor's Bank (Executing Party)
the inbound statements received from the respective customers and enriched with the same customer data as is reported to the fund company/transfer agent. The purposes that the transparency of holdings statement has been designed for include: Disclosure of information about customers of customers Verify/validate claims for retrocessions, rebates and commissions Check compliance with laws, regulations and general terms and conditions. Perform data analysis throughout custody chains, to identify geographic distribution patterns, measure the effects of targeted advertisement initiatives, and so on. Aggregate Holdings Upon receipt of the Transparency of Holdings statement, the receiver combines data from its own books with the information received in the statement, and identifies any discrepancies to be reported as “account differences”. Receiving Party (all levels) Reconcile Aggregated Holdings The receiver all required updates in its own accounts for alignment. Receiving Party (all levels) Stock Transfers (Single Leg Transfer) This scenario is based on the Securities Market Practice Group (SMPG) Investment Funds working group market practice. The instructing party may be a transferor's bank or transferee's bank. The executing party may be the transfer agent. There may be one an intermediary/transferee's custodian between the transferee's bank and the transfer agent. There may be one an intermediary/transferor's custodian between the transferor's bank and the transfer agent. Step Description Initiator Instruct Transfer A transfer in instruction is sent by the transferee’s bank to the transferor's bank. The transferee's bank must have enough information to instruct the transfer Transferee's Bank (Instructing Party) Validate Instruction + provide Status The transfer in instruction is validated, a transfer instruction status report is sent. Transferor's Bank (Executing Party) Instruct Transfer A transfer out instruction is sent by the transferor’s bank to the transfer agent. Transferor's Bank (Instructing Validate Instruction + provide Status The transfer out instruction is validated, a transfer instruction status report is sent. Confirm Transfer The transfer out and transfer in confirmations are simultaneously sent by the transfer agent to the transferor’s bank and the transferee’s bank. Transfer Agent Inform End Client The transferee's bank informs the end-client of the transfer. Transferee's Bank (Executing Party) Inform End Client The transferor's bank informs the end-client of the transfer. Transferor's Bank (Executing Party)
ISO20022MDRPart1_InvestmentFunds_2017_2018_ForSEGReview_v1.docx