The Participant populates the Conversion Request with the following:

1. Mandatory ISO 20022 elements defined in the Message Usage Guidelines;
2. Optional ISO 20022 elements defined in the Message Usage Guidelines where applicable to the transaction;
3. Related ASX business values and rules applicable to the transaction.

The Participant sends the Conversion Request to the CSP.

Sender Participant

Transfer / Conversion Request (hold_211)

The CSP validates the request against the schema and business validation rules including that sufficient units are available in the Delivering Account (HIN) for the Security Code.

If the Conversion Request is schema and business valid, then refer to step 3; "On Success"; or

If the Conversion Request is not schema or business valid, then refer to step 7; "On Fail".

Decrease the holding balance in the Delivering Account (HIN) by the Unit Quantity on the Conversion Request.

The CSP sends an Account Notification with the Delivering Account (HIN) details to the Issuer (Registry) of the Security to be used with the conversion request to an Issuer Sponsored Holding.

Account.Account
(AccountStandardView)
(AccountAdditionalView)

Account.Holder
(HolderStandardView)

The CSP sends a Conversion Confirmation to the Issuer (Registry) of the Security to allow the conversion to an Issuer Sponsored Holding to be completed.

The CSP sends a Conversion Confirmation to the Sender Participant. If the Conversion results in the Unit Quantity of the Security within the Delivering Account (HIN) reduced to zero, then refer to step 8; "Zero Balance".

Transfer / Conversion Confirmation (hold_216)

If the Conversion Request fails schema or business validation, the CSP will send the Participant:

• An Invalid Transaction Notification with the relevant error code for schema failure; or
• A Rejected Transaction for business validation failure.

Invalid Transaction Notification (comm_807)

Rejected Transaction (comm_808)

If the units of the Holding in the Delivering Account (HIN) have decreased to zero, the CSP sends a 'Zero Balance' Account Notification for the Delivering Account (HIN) to the Issuer (Registry) of the Security. Refer to Change in Holding Balance for further details.

A unique identifier for the Conversion Request. Further details of Transaction Identifications are detailed /wiki/spaces/ASX2/pages/2130923 

Security Code

Identifies the Security that is being converted. Either a Security Code, an ISIN or both elements may be populated. Where both elements are present, the ISIN and Security Code must refer to the same security. Further details of Security Code and ISIN are detailed here. 

Delivering Account Identifier

Identifies the Account (HIN) from which units are being delivered. Delivery of units is only permitted from Accounts (HINs) which are active and have not been locked or cancelled.

The Delivering Account (HIN) must be controlled by the Sender Participant.

Identifies the reason that a conversion is being performed. Must be one of the valid values outlined in the Proprietary Code List (30 - MovementReasonCode).

Unit Quantity

The Unit Quantity of the Holding which is being converted.

Characterises the reason for the securities movement. For a Conversion Request, this must be Facility for Non Reportable Transactions (FNRT). Refer to the Transaction Basis table for further information.

The Receiving Account Identifier (SRN) can be optionally supplied if the SRN is known to which units are being received.

Participant Reference

The Participant Reference field allows a Participant to optionally include a reference on the request which remains private to the Participant. No business validations are performed on this field.

Supplementary Reference 

The Override Basis of Movement field(s) allow a Participant to optionally Override the default Basis of Movement for the transaction where there are current corporate actions.

There can be up to 3 Override Basis of Movement present on the Conversion Request, and the value must exist in the Basis of Movement table.

Used when this request is to be processed as a foreign to foreign transaction (only applicable for Securities subject to foreign ownership restrictions).

This can only be indicated if the Holding currently resides in the Delivering Account (HIN) with a 'Foreign' Residency Indicator.

Indicates the reason the account details are sent to Issuer of the security. In this case; Conversion (CONV).

Identification of the Delivering Account Identifier (HIN) that the Conversion Request pertains to.

Indicates the Account Type of the Delivering Account Identifier (HIN) that the Conversion Request pertains to.

Indicates the status of the account, either:

• Active (ACTV); or
• Locked (LOCK).

Indicates the Type of Account Ownership, either:

• Single holder (SIGL); or
• Joint holder (JOIT).

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.

Indicates the Registered Address for the Account. Refer to Account and Holder Changes for further information regarding the migration of Registered Addresses. 

Identifies the residency of the Account for the purposes of Foreign Ownership Restrictions, either:

• Domestic (DMST);
• Foreign (FRGN); or
• Mixed (MIXD).

Where the Holder is an individual, the name will be the full legal name of the Holder compromising of title, given names and last names.

Where the Holder is a company, trust, partnership, superannuation fund, deceased individual, government organisation, other non-individual or unknown holder type, the name will be the registered name.

Holder Identifier

Client Identification

Indicates the identifier associated to a Holder.

Indicates the current status of the Holder.

Provided on the Conversion Request, the Transaction ID is a unique identifier. Further details of Transaction Identifications are detailed here. 

Security Code

Provided on the Conversion Request, the Security Code identifies the Security that is being converted. Both Security Code and ISIN will always be present on the Conversion Confirmation. Further details of Security Code and ISIN are detailed here. 

Delivering Account Identifier

Provided on the Conversion Request, the Delivering Account Identifier is the Account (HIN) from which units are being delivered.

Provided on the Conversion Request, the Movement Reason identifies the reason that a conversion is being performed. Must be one of the valid values outlined in the Proprietary Code List (30 - MovementReasonCode).

Unit Quantity

Provided on the Conversion Request, the Unit Quantity of the Holding which is being converted.

Provided on the Conversion Request, identifies the party delivering units and will always be the same as the Participant sending the request.

Populated with the preferred Party Identifier of the Issuer, the Receiving Participant identifies the party receiving units.

Provided on the Conversion Request, the Transaction Basis characterises the reason for the securities movement. For a Conversion Request, this will be Facility for Non Reportable Transactions (FNRT). Refer to the Transaction Basis table for further information.

Populated with an Account Identifier that links to the Account Notification will be sent to the Issuer (Registry).

In this process it will be a HIN matching that of the Delivering Account Identifier.

Provided on the Conversion Request, the Receiving Account Identifier (SRN) can be optionally supplied if the SRN is known to which units are being received.

The Basis of Movement which was applied to the transaction taking into account the Override Basis of Movement, where submitted.

Provided on the Conversion Request, the Guaranteed Foreign Indicator (ORFF) is used when this request is to be processed as a foreign to foreign transaction (only applicable for Securities subject to foreign ownership restrictions).

This can only be indicated if the Holding currently resides in an Account (HIN) with a 'Foreign' Residency Indicator.

Provided on the Conversion Request, the Transaction ID is a unique identifier. Further details of Transaction Identifications are detailed here. 

Security Code

Provided on the Conversion Request, the Security Code identifies the Security that is being converted. Both Security Code and ISIN will always be present on the Conversion Confirmation. Further details of Security Code and ISIN are detailed here. 

Delivering Account Identifier

Provided on the Conversion Request, the Delivering Account Identifier is the Account (HIN) from which units are being delivered.

Provided on the Conversion Request, the Movement Reason identifies the reason that a conversion is being performed. Must be one of the valid values outlined in the Proprietary Code List (30 - MovementReasonCode).

Unit Quantity

Provided on the Conversion Request, the Unit Quantity of the Holding which is being converted.

Populated with the preferred Party Identifier of the Issuer, the Receiving Participant identifies the party receiving units.

Provided on the Conversion Request, the Transaction Basis characterises the reason for the securities movement. For a Conversion Request, this must be Facility for Non Reportable Transactions (FNRT). Refer to the Transaction Basis table for further information.

Participant Reference

The Participant Reference field allows a Participant to optionally include a reference on the request which remains private to the Participant. No business validations are performed on this field.

The Basis of Movement which was applied to the transaction taking into account the Override Basis of Movement, where submitted.