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MT 505 Scope

This message is sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager to propose the substitution of collateral held.

This message is also sent by the collateral taker or its collateral manager to the collateral giver or its collateral manager to request the substitution of collateral held.

This message is also used by the giver or taker to request the cancellation of a previously sent collateral substitution.

The message may also be used to: