2.25 Redemption Multiple Order

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

Redemption Multiple Order Message

This message is sent by an instructing party to an executing party. There may be one or more intermediary parties between the instructing party and the executing party. The Redemption Multiple Order message is used to redeem different financial instruments from the same investment account. It can result in one single bulk cash settlement or several individual cash settlements.

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

FCIS would allow generation of this message in an automated way (based on an event) or manually. The grouping of multiple orders is driven by the investment account and not the fund as in a bulk order message.

This topic contains the following sub-topics:

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