15.5.3 Position Update of Position Statement Type

The Position Update message which contains the participant position details is generated at the borrower level. For each tranche, the details are grouped for participants for the tranche and sent as a single bulk message. You can manually send this message as a follow-up message for the PositionStatement event type when the details of the deal or tranche are sent to Markit for the first time.

This message can be used at a tranche or drawdown level for all the participants under the tranche or drawdown and is generated only after the Take on Deal / Take on Facility notices have been generated and handed-off to Markit.

The message displays Ext Deal CUSIP/ISIN captured at the tranche level for the InstrumentId field in Deal Summary.