SWIFT OTD Library Funds Features (SWIFT Integration Projects)

SWIFT Integration Projects

SWIFT OTD Library Funds Features

The SWIFT OTD Library Object Type Definitions (OTDs) contain specialized OTDs that allow you to automate the following funds operations:

Orders to buy and sell
Client confirmations
Checking order status
Statement of holdings, for fund balances reconciliation

In the past, many funds industry players have asked SWIFT to help automate these operations by providing standards and connectivity between funds distributors, transfer agents, funds management companies, and other intermediaries like funds processing hubs. To meet these needs, SWIFT has developed standards and message templates based on these standards.

The SWIFT OTD Library contains the following FIN-based MT Fund OTDs (see Table 13) specialized for the associated SWIFT message types and fund operations:

Table 13 FIN-based Funds OTDs


OTD Name	Base	Description
mt_502_FUNDS	FIN	Order to buy and sell: for funds subscription, redemption, switch, and cancellation.
mt_509_FUNDS	FIN	Order status: for status update on orders (for example, a rejection or acknowledgement of a receipt).
mt_515_FUNDS	FIN	Client confirmation: for confirmation of the funds subscription, redemption, switch and cancellation.
mt_535_FUNDS	FIN	Statement of holdings: for funds balance reconciliation.
mt_574_IRSLST	FIN	IRS 1441 NRA: IRS Beneficial Owners’ List
mt_574_W8BENO	FIN	IRS 1441 NRA): Form W8-BEN

These MT Fund OTDs apply to the funds message types in the ISO 15022 FIN Standard. The Category 5 directory contains the SWIFT MT Funds message OTDs.