Account and Holder Creation Process
Table of Contents
Account and Holder Creation Process Flow
Account and Holder Creation Process
| Step | Description | Party | Recipient / Observer | Message Reference | API Contract |
|---|---|---|---|---|---|
| 1 | The Participant populates the Account Creation Request with the following:
The Participant sends the Account Creation Request to the CSP. | Participant | CSP | - | |
| 2 | The CSP validates the request against the schema and business validation rules. If schema or business validation fails then refer to step 5; "On Fail". | CSP | - | - | - |
| On Success | |||||
| 3 | If the Account Creation Request is schema and business valid the CSP will generate a Holder Identifier, Account Identifier, Account Name and Mailing Addressee Line as well as create the Holder(s) and Account record within the CSP. | CSP | - | - | - |
| 4 | The CSP sends an Account Notification to the Participant. | CSP | Participant | Account.Account Account.Holder | |
On Fail | |||||
| 5 | If the Account Creation Request fails schema or business validation, the CSP will send the Participant:
| CSP | Participant | - | |
Business Values and Rules
Account Creation Request
Account Elements
| ASX Element Name | ISO 20022 Element | Guidelines |
|---|---|---|
| Transaction Id | Message Identifier / Identification | A unique identifier for the Account Creation Request. Further details of Transaction Identifications are detailed here. |
| Instruction Type | Opening Type | The type of instruction. In this case; New Account Opening (NEWA). |
| Designation | Designation | Provides additional information about the Account. Refer to Designation for business values and validations. |
| Account Type | Type / Proprietary / Identification | Indicates the Type of Account which will be created, either:
|
| Ownership Type | Ownership Type / Code | Indicates the Type of Account Ownership which will be created, either:
|
Account Name | Other Party Details / Party / Organisation / Name | Identifies the Account name and can be used as the name for the purpose of the register of members. The account name should match the 'registered holder name' of the account. The account name will be used by Issuers/Registries to perform matching/verification when performing a transfer or SRN enquiry. This business value is only applicable when creating an account of type RGID. |
| Registered Address | ||
| Address Line 1 | Address Line | Where there is a joint holding, the Participant must ensure that the registered address aligns with Issuer constitutions and ASX Operating Rules. Refer to Address for business values and validations. |
| Address Line 2 | Address Line | |
| Address Line 3 | Address Line | |
| Post Code | Post Code | |
| Town Name | Town Name | |
| State (Country sub-division) | State | |
| Country | Country | |
| Communication Preference | Other Party Details / Primary Communication Address / Address Type / Proprietary / Identification | Specifies the method used to deliver information, either:
Mandatory for when the Sponsored (SPSD) Account Type is specified. |
| Email Address | Email address of the account. Refer to Email Address for business validations. Mandatory for when Electronic - ASX Only (ELEA), Electronic - Issuer Only (ELEI) or Electronic - ASX & Issuer (ELEC) Communication Preference is specified. | |
| Mobile Number | Mobile | Refer to Mobile Number for business validations. |
| Residency Indicator | Additional Information / Additional Information | Identifies the residency of the Account for the purposes of Foreign Ownership Restrictions, either:
|
Holder Elements
| ASX Element Name | ISO 20022 Element | Guidelines |
|---|---|---|
Where ownership type is single holder, holder details are to be populated within Primary Owner <PmryOwnr> | ||
Where ownership type is joint holder, holder details are to be populated within Joint Owner <JntOwnr> | ||
| Individual holder attributes are to be populated within Individual Person <IndvPrsn> | ||
| Name Prefix | Individual Person / Name Prefix / Identification | Indicates the prefix to be used to indicate Individual Holder type. Name Prefix can be used to distinguished between holder types 'Individual' and 'Deceased Individual' (DECD). This business value is only to be provided for a deceased individual when creating an account of type RGID. |
| Holder Name | Name | The name of the Holder which will be created. Refer to Holder Name for business validations. Where the Holder is an individual, the name must be the full legal name of the Holder compromising of title, given names and last names. |
| Date of Birth | Birth Date | The date of birth of a Holder type, "Individual". |
| Address Type | Address Type | The type of address associated. As an individual, the address type can only be the residential "Home" address (HOME). |
| Address Line 1 | Address Line | The address of the Holder. Refer to Address for business validations. Country must be stated as 'ZZ' when an individual person and residential address are not provided. |
| Address Line 2 | Address Line | |
| Address Line 3 | Address Line | |
| Address Line 4 | Address Line | |
| Address Line 5 | Address Line | |
| Post Code | Post Code | |
| Town Name | Town Name | |
| State (Country sub-division) | State | |
| Country | Country | |
| Organisation holder attributes are to be populated within Organisation <Org> | ||
| Holder Name | Name | The name of the Holder which will be created. Refer to Holder Name for business validations. Where the Holder is a company, trust, partnership, superannuation fund, deceased individual, government organisation, other non-individual or unknown holder type, the name must be the registered name. |
| Legal Entity Identifier (LEI) | Legal Entity Identifier | Identifies distinct legal entities that engage in financial transactions. |
| Company Incorporation Date | Registration Date | The incorporation date of a company, trust, partnership, superannuation fund, deceased individual, government organisation, other non-individual or unknown holder type. |
| Address Type | Address Type | The type of address associated. As a company, trust, partnership, superannuation fund, deceased individual, government organisation, other non-individual or unknown holder type, the address type can only be registered "Business" address (BIZZ). |
| Address Line 1 | Address Line | The address of the Holder. Refer to Address for business validations. |
| Address Line 2 | Address Line | |
| Address Line 3 | Address Line | |
| Address Line 4 | Address Line | |
| Address Line 5 | Address Line | |
| Post Code | Post Code | |
| Town Name | Town Name | |
| State (Country sub-division) | State | |
| Country | Country | |
| Holder Type | Type of Organisation / Proprietary / Identification | Identifies the type of Holder which will be created. |
| The following attributes are outside the Individual Person <IndvPrsn> and Organisation <Org> elements | ||
| Residency for Tax Purposes | Taxation Country | Country that issued the Tax Identification populated in 'Tax Identification Number' field. Taxation Country is an ISO 3166, Alpha 2 country code. This business value is only applicable when creating an account of type RGID. |
| Tax Identification Number (TIN) | Tax Payer / Identification | An identification number used for taxation purposes. This business value is only applicable when creating an account of type RGID. Must be provided with residency for tax purposes. |
| Email Address | Email address for the individual or company. Refer to Email Address for business validations. | |
| Mobile Number | Mobile | Refer to Mobile Number for business validations. |
Notifications
An account notification is sent to the Participant to confirm the Account and Holder has been created.
Account Notification
Account Elements
ASX Element Name | ISO 20022 Element | Guidelines |
|---|---|---|
| Transaction Id | Related Reference / Reference | Indicates the Transaction Id per the Account Creation Request. Further details of Transaction Identifications are detailed here. |
| Creation Date and Time | Creation Date Time | Date and time the Account (HIN) was created in Zulu time. |
| Notification Reason | Confirmation Details / Identification | Indicates the reason the Account (HIN) details are sent to Participant. In this case; Account Opening (ACCO). |
| Account Identifier | Investment Account / Identification | System generated identifier associated to an Account (HIN). |
| Account Status | Account Status | Indicates the state of the Account (HIN) when it is opened or closed. In this case; Active (ACTV). |
| Designation | Designation | The Designation per the Account Creation Request. Refer to Designation for business values and validations. |
| Account Type | Type / Proprietary / Identification | Indicates the Type of Account which will be created, either:
|
| Ownership Type | Ownership Type / Code | Indicates the Type of Account Ownership which will be created, either:
|
| Account Name | Other Party Details / Name | Indicates the Account name and can be used as the name for the purpose of the register of members. It is the concatenation of all Holder names separated with a plus symbol. This business value is system generated and is not applicable for RGID. |
| Registered Address | ||
| Address Line 1 | Other Party Details / Postal Address / Address Line | Indicates the registered address for the Account (HIN). Where there is a joint holding, the Participant must ensure that the statement mailing address aligns with Issuer constitutions and ASX Operating Rules. The residential or registered address field may assist Participants in determining the Residency Indicator for the Account (HIN). Refer to Address for business values and validations. Country must be stated as 'ZZ' when an individual person and residential address are not provided. |
| Address Line 2 | Other Party Details / Postal Address / Address Line | |
| Address Line 3 | Other Party Details / Postal Address / Address Line | |
| Post Code | Other Party Details / Postal Address / Post Code | |
| Town Name | Other Party Details / Postal Address / Town Name | |
| State (Country sub-division) | Other Party Details / Postal Address / State | |
| Country | Other Party Details / Postal Address / Country | |
| Communication Preference | Other Party Details / Primary Communication Address / Address Type | Specifies the method used to deliver information, either:
|
| Email Address | Other Party Details / Primary Communication Address / Email | Email address of the account. Refer to Email Address for business validations. Mandatory for when Electronic - ASX Only (ELEA), Electronic - Issuer Only (ELEI) or Electronic - ASX & Issuer (ELEC) Communication Preference is specified. |
| Mobile Number | Other Party Details / Primary Communication / Mobile | Refer to Mobile Number for business validations. |
| Residency Indicator | Other Party Details / Additional Information | Identifies the residency of the Account for the purposes of Foreign Ownership Restrictions, either:
|
| Nominated Settlement Entrepot | Additional Information / Additional Information | Identifies whether the Settlement Entrepot has been created as a Nominated Settlement Entrepot. The first Settlement Entrepot Account created for each Residency Indicator by any Settlement Participant is created as the Nominated Settlement Entrepot. |
| Extension <Xtnsn> data - Mailing addressee line | ||
| Mailing Addressee Line | Text | The mailing addressee line is used to populate an envelope with the name of the registered holder who is the addressee on communications to be delivered by post. This business value is system generated and is not applicable for RGID. |
Holder Elements
ASX Element Name | ISO 20022 Element | Guidelines |
|---|---|---|
Where ownership type is single holder, holder details are to be populated within Primary Owner <PmryOwnr> | ||
Where ownership type is joint holder, holder details are to be populated within Joint Owner <JntOwnr> | ||
| Individual holder attributes are to be populated within Individual Person <IndvPrsn> | ||
| Name Prefix | Individual Person / Name Prefix / Identification | Indicates the prefix to be used to indicate Individual Holder type. Name Prefix can be used to distinguished between holder types 'Individual' and 'Deceased Individual' (DECD). |
| Holder Name | Name | The name of the Holder which will be created. Refer to Holder Name for business validations. Where the Holder is an individual, the name must be the full legal name of the Holder compromising of title, given names and last names. |
| Date of Birth | Individual Person / Birth Date | Indicates the date of birth of a Holder type, "Individual". |
| Address Type | Postal Address / Address Type | Indicates the type of address associated. As an individual, the address type can only be the residential "Home" address (HOME). |
| Address Line 1 | Postal Address / Address Line | Indicates the residential address of the Holder. The residential or registered address field could assist Participants in determining the Residency Indicator for the Account. Refer to Address for business validations. Country will be stated as 'ZZ' where a residential address is not provided for a holder. |
| Address Line 2 | Postal Address / Address Line | |
| Address Line 3 | Postal Address / Address Line | |
| Address Line 4 | Postal Address / Address Line | |
| Address Line 5 | Postal Address / Address Line | |
| Post Code | Postal Address / Post Code | |
| Town Name | Postal Address / Town Name | |
| State (Country sub-division) | Postal Address / State | |
| Country | Postal Address / Country | |
| Organisation holder attributes are to be populated within Organisation <Org> | ||
| Holder Name | Name | The name of the Holder which will be created. Refer to Holder Name for business validations. Where the Holder is a company, trust, partnership, superannuation fund, deceased individual, government organisation, other non-individual or unknown holder type, the name must be the registered name. |
| Legal Entity Identifier (LEI) | Legal Entity Identifier | Indicates distinct legal entities that engage in financial transactions. |
| Company Incorporation Date | Registration Date | Indicates the incorporation date of a company, trust, partnership, superannuation fund, deceased individual, government organisation, other non-individual or unknown holder type. |
| Address Type | Postal Address / Address Type | Indicates the type of address associated. As a company, trust, partnership, superannuation fund, deceased individual, government organisation, other non-individual or unknown holder type, the address type can only be registered "Business" address (BIZZ). |
| Address Line 1 | Postal Address / Address Line | Indicates the residential or registered address of the Holder. The residential or registered address field could assist Participants in determining the Residency Indicator for the Account. Refer to Address for business validations. |
| Address Line 2 | Postal Address / Address Line | |
| Address Line 3 | Postal Address / Address Line | |
| Address Line 4 | Postal Address / Address Line | |
| Address Line 5 | Postal Address / Address Line | |
| Post Code | Postal Address / Post Code | |
| Town Name | Postal Address / Town Name | |
| State (Country sub-division) | Postal Address / State | |
| Country | Postal Address / Country | |
| Holder Type | Type of Organisation / Proprietary / Identification | Indicates the type of Holder which will be created. |
| Following attributes are outside the Individual Person <IndvPrsn> and Organisation <Org> elements | ||
Holder Identifier | Client Identification | System generated identifier associated to a Holder. |
| Residency for Tax Purposes | Taxation Country | Indicates the Country that issued the Tax Identification populated in 'Tax Identification Number' field. Taxation Country is an ISO 3166, Alpha 2 country code. This business value is only applicable when creating an account of type RGID. |
| Tax Identification Number (TIN) | Tax Payer | An identification number used for taxation purposes. This business value is only applicable when creating an account of type RGID. Must be provided with residency for tax purposes. |
| Email Address | Primary Communication Address / Email | Indicates the email address for the individual or company. Refer to Email Address for business validations. |
| Mobile Number | Primary Communication Address / Mobile | Indicates the Mobile Number. Refer to Mobile Number for business validations. |
| Holder Status | Joint Owner / Additional Information/ Status / Proprietary / Identification | Holders will be created in an Active (ACTV) state only. |
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