2.34 Transfer Out Instruction

This topic provides information on Transfer Out Instruction and its tags in messages.

Transfer Out Instruction Message

An instructing party, for instance, an investment manager or its authorised representative, sends the TransferOutInstruction message to the executing party, say, a transfer agent, to instruct the delivery of a financial instrument, free of payment, on a given date from a specified party. This message may also be used to instruct the delivery of a financial instrument, free of payment, to another of the instructing parties own accounts or to a third party.

This topic contains the following sub-topics:

• Tags in Messages
  This topic provides information on Transfer Out Instruction and its tags in messages.