This message is sent by the collateral taker or its collateral manager to the collateral giver or its collateral manager. This message is also sent by the collateral giver or its collateral manager to the collateral taker or its collateral manager.
When sent by the taker, it is used to:
request new collateral at the initiation of an exposure
request additional collateral
When sent by the giver, it is used to:
request the return of collateral
recall the collateral upon the termination of an underlying exposure.
This message is also used by the taker or the giver to request the cancellation of a previously sent collateral claim.
This message must not be used to initiate a substitution of collateral.
The message may also be used to:
re-send a message previously sent (Subfunction of the message is DUPL)
provide a third party with a copy of the message for information (Subfunction of the message is COPY)
re-send to a third party a copy of the message for information (Subfunction of the message is CODU).