2.32 Switch Order Confirmation

This topic provides information on Switch Order Confirmation and its tags in messages.

Switch Order Confirmation Message

The Switch Order Confirmation message is sent by an executing party to an instructing party. There may be one or more intermediary parties between the executing party and the instructing party. The Switch Order Confirmation message is sent only once to confirm that all the legs of the switch have been executed.

For all incoming messages, FCIS will be able to set the status of transactions based on the individual ‘Order Reference’ number. For an outgoing message, the system will be able to generate the confirmation message only after allocation.

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

If the AMC of the ‘From Fund’ and ‘To Fund’ are different; system will generate a pseudo switch transaction. In other cases system will generate a normal switch transaction.

This topic contains the following sub-topics:

• Tags in Messages
  This topic provides information on Switch Order Confirmation and its tags in messages.