Participant to Issuer Sponsored Transfer Process

Table of Contents


Participant to Issuer Sponsored Transfer Process Flow

Participant to Issuer Sponsored Transfer Process

StepDescriptionPartyRecipient / ObserverMessage ReferenceAPI Contract
1The Participant submits an Account Creation Request which will contain the Registration Details to be applied to the receiving Issuer Sponsored Holding. CSP will create a 'Registration Identifier' for inclusion in the Transfer Request.Sender ParticipantCSP

Account Creation Request (acct_001)


-
2

The Participant populates the Transfer 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 Transfer Request together with the related Registeration Identifier to the CSP.

Sender Participant

CSP

Transfer / Conversion Request (hold_211)

-
3

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 Transfer Request is schema and business valid, then refer to step 4; "On Success".

If the Transfer Request is not schema or business valid, then refer to step 8; "On Fail".

CSP---
On Success
4

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

CSP---
5The CSP sends an Account Notification, of type Registration Identifier (RGID), to the Issuer (Registry) of the Security, with the details to be used with the transfer request to an Issuer Sponsored Holding.CSPIssuer (Registry) Account Notification (acct_002)

Account.Account
(AccountStandardView)
(AccountAdditionalView)


Account.Holder
(HolderStandardView)

6

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

CSPIssuer (Registry) 

Transfer Confirmation (hold_216)

Holding.Holding2Issuer
(Holding)
7

The CSP sends a Transfer Confirmation to the Sender Participant. If the Transfer results in the Unit Quantity of the Security within the Delivering Account (HIN) reduced to zero, then refer to step 9; "Zero Balance".

CSPSender Participant 

Transfer Confirmation (hold_216)

Holding.Holding
(Holding)
On Fail
8

If the Transfer 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.
CSPSender Participant

Invalid Transaction Notification (comm_807)

Rejected Transaction (comm_808)

-
Zero Balance
9

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.

CSPIssuer (Registry) --

Business Values and Rules

The following request must be received to commence the Participant to Issuer Transfer process:

  • a Transfer Request from a Participant.

The following notifications are sent to the Participant and Issuer (Registry) involved in a Participant to Issuer Transfer if the request is schema and business valid:

Transfer Request - Participant to Issuer Sponsored

A Transfer Request will be created by the Participant following the creation of a Registration Identifier (RGID).

ASX Element Name

ISO 20022 ElementGuidelines
Transaction IDTransaction Identification

A unique Identifier for the Transfer Request. Further details of Transaction Identifications are detailed here. 

Security Code

Financial Instrument Identification

Identifies the Security that is being transferred. 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

Quantity And Account Details / Safekeeping Account 

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

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

Movement ReasonSettlement Instruction Processing Additional Details

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

Unit Quantity

Settlement Quantity

The Unit Quantity of the Holding which is being transferred.

The Delivering Account (HIN) must have sufficient available units greater than or equal to the Unit Quantity for the specified request.

Delivering ParticipantDelivering Settlement Parties / Party 1 / IdentificationIdentifies the party delivering the units and must always be the same as the Participant sending the request.
Transaction BasisSecurities Transaction Type

Characterises the reason for the securities movement.  Must be one of the values listed in the Transaction Basis table.

Settlement Transaction ConditionSettlement Transaction ConditionIdentifies the type of transaction. In this case, Participant Transfer to Issuer Sponsored (PTRI). 
Registration ReferenceRegistration Reference

This will be populated with the Id of the Registration Identifier (RGID) which will be sent to the Issuer (Registry) and links the transfer of units to the details of the receiving Issuer Sponsored Sub-register Account (SRN if supplied).

In this process the Registration Reference can only be populated with a 'Registration Identifier' controlled by the Sender Participant.

Receiving Account IdentifierReceiving settlement Parties / Party 1 / Safekeeping Account

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

Participant Reference

Trade Identification 

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 

Common IdentificationAllows a Participant to optionally include a reference on the request which remains private to the Participant. No business validations are performed on this field.
Underlying Reference Trade Identification 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.
Override Basis of MovementTrade Transaction Condition

The Override Basis of Movement field(s) allows 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 Transfer / Conversion Request, and the value must exist in the Basis of Movement table.

Guaranteed Foreign IndicatorInvestor Capacity

Used when the 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 a Delivering Account (HIN) with a 'Foreign' Residency Indicator.

Account Notification - Issuer (Registry) of the Security

An Account Notification is sent to the Issuer (Registry) of the Security prior to the Transfer Confirmation. This notification contains details of the Account of the receiving Issuer Sponsored Holding if the SRN is supplied on the transfer or the new details of the Account of the receiving Issuer Sponsored Holding if the SRN is not supplied. A new SRN holding will be created by the Issuer (Registry) in the later case.

Account Elements

ASX Element Name

 ISO 20022 Element

Guidelines

Transaction IdRelated Reference / ReferenceProvided on the Transfer Request, the Transaction ID is a unique Identifier. Further details of Transaction Identifications are detailed here.
Notification ReasonConfirmation Details / Identification

Indicates the reason the Account details are sent to Issuer (Registry) of the security. In this case; Transfer (TRFR).

Account IdentifierInvestment Account / Identification

Identification of the Registration Identifier that the Transfer Request pertains to.

Account TypeType / Proprietary / Identification

Indicates the Type of Account, in this case; Registration Identifier (RGID).

Account StatusAccount Status

Indicates the status of the account, in this case; Active (ACTV).

Where the Account Status is Active (ACTV), this will be indicated under the Account Status / Enabled tag.

Ownership TypeOwnership Type / Code

Indicates the Type of Account Ownership, either:

  • Single holder (SIGL); or
  • Joint holder (JOIT).
DesignationDesignationAdditional information about the Account.
Account NameOther Party Details / Name

Indicates the Account name and can be used as the name for the purpose of the register of members. Account name for RGID is provided by the Participant on the creation of the RGID.

Security CodeFinancial Instrument Details / Other Proprietary Identification / IdentificationProvided on the Transfer Request, the Security Code identifies the Security that is being transferred. Both Security Code and ISIN will always be present on the Account Notification. Further details of Security Code and ISIN are detailed here
Controlling Participant Account Servicer Indicates the Participant that controls an Account within the CSP.
Registered Address
Address Line 1Other Party Details / Postal Address / Address Line

Indicates the registered address for the Account.

Address Line 2Other Party Details / Postal Address / Address Line
Address Line 3Other Party Details / Postal Address / Address Line
Post CodeOther Party Details / Postal Address / Post Code
Town NameOther Party Details / Postal Address / Town Name
State (Country sub-division)Other Party Details / Postal Address / State
CountryOther Party Details / Postal Address / Country
Residency IndicatorOther Party Details / Additional Information

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

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

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>
Holder NameName

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.

Organisation holder attributes are to be populated within Organisation <Org>
Holder NameName

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 TypeType of Organisation / IdentificationIndicates the type ofHolder.
Following attributes are outside the Individual Person <IndvPrsn> and Organisation <Org> elements

Holder Identifier

Client Identification


Indicates the identifier associated to a Holder.


Holder StatusAdditional Information  / Status

Indicates the current status of the Holder.

Transfer Confirmation - Issuer (Registry)

A Transfer Confirmation will be sent to the Issuer (Registry) of the Security, allowing the transfer to an Issuer Sponsored Holding to be completed.

ASX Element Name

ISO 20022 ElementGuidelines
Transaction IDAccount Owner Transaction identification

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

Security Code

Financial Instrument Identification

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

Delivering Account Identifier

Quantity And Account Details / Safekeeping Account 

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

Movement ReasonSettlement Instruction Processing Additional Details

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

Unit Quantity

Settled Quantity

Provided on the Transfer Request, indicates the Unit Quantity of the Holding which is being transferred.

Delivering ParticipantDelivering Settlement Parties / Party 1/Identification

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

Receiving Participant Receiving Settlement Parties / Party 1/Identification

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

Transaction BasisSecurities Transaction Type

Provided on the Transfer Request, the Transaction Basis characterises the reason for the securities movement.  Must be one of the values listed in the Transaction Basis table.

Settlement Transaction ConditionSettlement Transaction ConditionIdentifies the type of transaction. In this case, Participant Transfer to Issuer Sponsored (PTRI). 
Registration ReferenceRegistration Reference

This will be populated with the Id of the Registration Identifier, the RGID which was sent to the Issuer (Registry) previously, that links the transfer of units to the details of the receiving Issuer Sponsored Sub-register Account (SRN if supplied).

In this process the Registration Reference can only be populated with a 'Registration Identifier' controlled by the Sender Participant.

Receiving Account IdentifierReceiving settlement Parties / Party 1 / Safekeeping Account

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

Basis of MovementTrade Transaction Condition

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

Guaranteed Foreign IndicatorInvestor Capacity

Provided on the Transfer Request, the Guaranteed Foreign Indicator (ORFF) is used when the 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.

Transfer Confirmation - Participant

A Transfer Confirmation will be sent to the Sender Participant, informing the Participant of the transfer to an Issuer Sponsored Account.

ASX Element Name

ISO 20022 Element

Guidelines
Transaction IDAccount Owner Transaction identification

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

Security Code

Financial Instrument Identification

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

Delivering Account Identifier

Quantity And Account Details / Safekeeping Account 

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

Movement ReasonSettlement Instruction Processing Additional Details

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

Unit Quantity

Settled Quantity

Provided on the Transfer Request, indicates the Unit Quantity of the Holding which is being transferred.

Delivering ParticipantDelivering Settlement Parties / Party 1 / IdentificationProvided on the Transfer Request, the Delivery Participant identifies the party delivering the units and will always be the same as the Participant sending the request.
Receiving Participant Receiving Settlement Parties / Party 1 / Identification

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

New Total Holding BalanceNew Holding BalanceRepresents the New Holding Balance of the Delivering Account as a result of the transfer being completed.
Transaction BasisSecurities Transaction Type

Provided on the Transfer Request, the Transaction Basis characterises the reason for the securities movement.  Must be one of the values listed in the Transaction Basis table.

Settlement Transaction ConditionSettlement Transaction ConditionIdentifies the type of transaction. In this case, Participant Transfer to Issuer Sponsored (PTRI). 
Registration ReferenceRegistration Reference

This will be populated with the Id of the Registration Identifier, the RGID which was sent to the Issuer (Registry) previously, that links the transfer of units to the details of the receiving Issuer Sponsored Sub-register account (SRN if supplied).

In this process the Registration Reference can only be populated with a 'Registration Identifier' controlled by the Sender Participant.

Participant Reference

Trade Identification

Provided on the Transfer Request, the Participant Reference 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.

Basis of MovementTrade Transaction Condition

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


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