2.57 Account Modification

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

Account Modification Instruction V08:

This message is to modify an existing account/unitholder using SWIFT messages as per 2021 SWIFT regulations.

The AccountModificationInstruction message is sent by an account owner, for example, an investor or its designated agent to the account servicer, for example, a registrar, transfer agent, custodian bank or securities depository to modify, that is, create, update or delete specific details of an existing account.

Design scope:

This account modification message should modify the below maintenances/transactions if the respective tags are provided.

• Unitholder along with
  • Bank details
  • Intermediaries
• Account status change
• UH IDS Setup for reinvestment details

Confirmation message will be sent on the successful modification of the unitholder in FCIS.

This topic contains the following sub-topics:

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