3.4 Messages Processed in Vestima+

This topic descrives about the messages processed in vestima+.

Events for Message Generation

Various messages are sent through Vestima+ while processing an order. Typically the messages sent by OIs to Vestima+ are forwarded by Vestima+ to the appropriate OHAs. Similarly, messages received by Vestima+ from the OHAs are forwarded by Vestima+ to the OIs.

The different events for which messages are generated are:
  • Creation of new orders
  • Cancellation of existing orders
  • Confirmation of orders executed
  • Status updates
  • Securities rejection

Creation of New Orders

The following messages are used by the OIs for creation of new orders. These are sent to Vestima+ and in turn, Vestima+ forwards these to the appropriate OHAs through SWIFT.

Table 3-2 Creation of New Orders

Message Message Name Purpose FCIS Code
RedOrdr setr.004.001.04 RedemptionMultipleOrderV04 New Redemption Order RMO
SbcptOrdr setr.010.001.04 SubscriptionMultipleOrderV04 New Subscription Order SMO
SwtchOrdr setr.013.001.04 SwitchOrderV04 New Switch Order SWC

Cancellation of Existing Orders

The following messages are used by the OIs for to request cancellation of orders previously issued. These are sent to Vestima+ and in turn, Vestima+ forwards these to the appropriate OHAs through SWIFT.

Table 3-3 Cancellation of Existing Orders

Message Message Name Purpose FCIS Code
RedOrdrCxlReq Setr.005.001.04 RedemptionMultipleOrderCancellationInstructionV04 Cancellation of a Redemption Order RMC
SbcptOrdrCxl- Req Setr.011.001.04 SubscriptionMultipleOrderCancellationInstructionV04 Cancellation of Subscription Order SMC
SwtchOrdrCxl- Req setr.014.001.04 SwitchOrderCancellationRequestV04 Cancellation of Switch Order SCA

Confirmation of Executed Orders

The following messages are sent by OHAs to Vestima+ to confirm the orders received. These are forwarded by Vestima+ to the OIs.

Table 3-4 Confirmation of Executed Orders

Message Message Name Purpose FCIS Code
RedOrdrConf setr.006.001.04 RedemptionMultipleOrderConfirmationV04 Confirmation of Redemption Order RMO
SbcptOrdrConf setr.012.001.04 SubscriptionMultipleOrderConfirmationV04 Confirmation of Subscription Order SMO
SwtchOrdrConf setr.015.001.04 SwitchOrderConfirmationV04 Confirmation of Switch Order SCM

Status Updates

Status messages are used by Vestima+ as a means of validating the inbound message process and to provide the status of an order or cancellation order.

Table 3-5 Status Updates

Message Message Name Purpose FCIS Code
OrdrInstrStsRpt setr.016.001.04 OrderInstructionStatusReportV04 Order Instruction Status Report OIS
OrdrCxlStsRpt setr.017.001.04 OrderCancellationStatusReportV04 Order Cancellation Status Report OCS

Note:

The status message is optional in case of positive validations for the inbound message.

Securities Rejection

If no action is possible on a message received by Vestima+, for instance if the originator of the message is unknown or a reference not recognized by Vestima+ has been received in the message, then Vestima+ issues the semt.001.001.03 SecuritiesMessageRejectionV03 which is the Securities Rejection message.

Parent topic: VESTIMA+ Processing