This message may also be sent by an information provider, such as a market data provider or a stock exchange, to provide details of a corporate action event.
This message is sent between an account owner and an account servicer (account servicing institution). The account owner may be a global custodian which has an account with its local agent (sub custodian) or an investment management institution or a broker/dealer which has an account with their custodian. This message is bi-directional.
This message is used to provide complex instructions or narrative details relating to a corporate action event.
This message may also be sent by an information provider, such as a market data provider or a stock exchange, to provide details of a corporate action event.
This message may also be used to:
cancel a previously sent corporate action narrative
re-send a corporate action narrative previously sent
provide a third party with a copy of the message.
