2.22 Redemption Bulk Order

This topic provides information on Redemption Bulk Order and its tags in messages.

Redemption Bulk Order Message

This message is sent by an intermediary party to an executing party or to another intermediary party.

The Redemption Bulk Order message is used to bulk several individual orders into one bulk order. The individual orders come from different instructing parties, i.e., account owners, but are related to the same financial instrument. The Redemption Bulk Order can result in one single bulk cash settlement or several individual cash settlements.

This message will typically be used by a party collecting order, to bulk those individual orders into one bulk order before sending it to another party.

This message cannot be used for a single order, i.e., a message containing one order for one financial instrument and for one investment account. The Redemption Multiple Order message, and not the Redemption Bulk Order message, must be used for a single order.

FCIS will allow the generation of this message in an automated way (based on certain event that is triggered in the system) or manually.

This topic contains the following sub-topics:

• Tags in Messages
  This topic provides information on Redemption Bulk Order and its tags in messages.