2.13.2 Process DN Messages

This topic gives information on processing of DN messages.

Incoming message coming into the system will have the tags <Fr> and <To>. The <To> tag will be the DN address of the specific segment in which the message will be processed. The DN address mentioned in the <Fr> tag will be searched in the DN addresses maintained in the system for all SWIFT Entity Types except where DN address is flagged as Outbound only. If it does not find the corresponding DN Address then the system will generate an outgoing Securities Message Rejection and sent out with rejection code as NALO. If the system finds the corresponding DN address then the incoming message will be further validated.

Once the DN address is matched with maintained list, the system will identify the actual entity which is sending the message.

If the identified sender entity is Agent, Agency branch, IFA, Account Officer, the corresponding AMC ID or Legal Entity will be identified based on Fund ISIN mentioned in the message.

The system then checks that the DN address received as requester is maintained for that Agent and AMC/Legal Entity combination. If so, the system will further check whether the identified AMC allows the incoming message type based on the list of allowed messages maintained as part of Entity Maintenance.

If the incoming message is not allowed or DN address received in the message does not match with the Agent and AMC/Legal Entity combination setup then system will reject the message and generate an outgoing Securities Message Rejection message with reject code NALO.

If the identified sender entity is AMC or Legal Entity, then the system will further check whether the identified AMC allows the incoming message type based on the list of allowed messages maintained as part of Entity Maintenance. If the incoming message is not allowed then the system will reject the message and generate an outgoing Securities Message Rejection message with reject codeNALO.

Once the message is processed (i.e. The transaction may or may not been created when the message is processed in FCIS) in the system, then the Order Instruction Status message will be generated and will be sent to the same DN address which was present in the incoming message as requester. The same process will apply for the confirmation messages when the transaction is priced. The confirmation message will be generated after the created transaction is allocated in the system. This will also be sent to the same DN address which was present in the incoming message as requestor.

For outgoing messages for which there is no outbound message such as PriceReportV03 (reda.001.001.03), AccountingStatementOfHoldingsV02 (semt.003.001.02) for instance, the requester DN will be the DN address of the segment. The Responder DN will be the DN address of the To Entity ID maintained as part of the SWIFT Message Setup for the specific outgoing message.

If To Entity Type is Agent/Agency Branch/IFA/Account Officer, then the system will use the AMC ID maintained as part of SWIFT Message setup to derive the respective default DN address for Agent and AMC combination.