This message type is sent:
This message type is sent:
by a custodian bank to a fund manager to confirm the execution of a FX Order previously sent by the fund manager.
by a sub custodian to a custodian bank when the fund account's custodian uses a sub custodian in the local market to execute the foreign exchange order received from a fund manager.
This message type is sent by a custodian bank to a fund manager to confirm the execution of a FX Order previously sent by the fund manager.
It may also be used to:
cancel a previously sent foreign exchange order confirmation
duplicate a foreign exchange order confirmation sent by other means, eg, fax or telex
provide a third party with a copy of the message being sent.
