This message is sent either by the collateral giver, or its collateral manager, to the collateral taker, or its collateral manager, or by the collateral taker, or its collateral manager to the collateral giver, or its collateral manager.
It is used to provide the details of the valuation of both the collateral and the exposure.
This message is also used by the taker or the giver to request the cancellation of a previously sent collateral and exposure statement.
This message must not be used to claim collateral but may be used in support of a claim.
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).