2.56 Account Details Confirmation

This topic provides information on Account Details Confirmation and its tags in messages.

AccountDetailsConfirmationV08:

This message is to confirm the opening of the new account/unitholder using SWIFT messages as per 2021 regulations.

An account servicer, for example, registrar, transfer agent, custodian bank or securities depository sends the AccountDetailsConfirmation message to the account owner, for example, an investor to confirm the opening of an account, execution of an AccountModificationInstruction or to return information requested in a GetAccountDetails message.

Design scope:

This account confirmation message should confirm the creation of the below maintenances/ transactions, if the respective tags are provided.

• Confirmation Details
• Unitholder along with
  • Bank details
  • Intermediaries
• UH IDS Setup for reinvestment details

This topic contains the following sub-topics:

• Tags in Message
  This topic provides information on Account Details Confirmation and its tags in messages.