2.15 Account Opening

This topic provides the information on account opening.

AccountOpeningInstructionV08:

The AccountOpeningInstruction is to create new account/unitholder using SWIFT messages as per 2021 SWIFT regulations.

The Account Opening Instruction 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 or securities depository, to instruct the opening of an account or the opening of an account and the establishment of an investment plan.

While creating a Unitholder through SWIFT, the following derivation will be used for the Segment ID default.

The Param UHDEFAULTSEGMENT is used for segment ID. The maintenance for the same is referred in Param Screen.

The UH AMC which comes as the input is considered and the AMC country code value will be checked across for the maintenance of the Param and the Segment ID will be defaulted.

Param Maintenance:

The Param Value is Country Code and the Param Text Value is Segment ID.

Eg. HKG country code is maintained as Param Value and corresponding Param text is HKSEGMENT.

Note:

Bulk UH Defaults can be maintained for Multiple AMC with same Bulk Client Code.

Design Scope:

This account opening message should create the below maintenances/transactions, if the respective tags are provided.

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

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

This topic contains the following sub-topics:

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