This message is sent by a triparty agent to both the collateral giver and the collateral taker in the following circumstances:
after all collateral movements have been affected (after settlement) to show the end (fixed) positions or,
after settlement but taking into account future collateral management instructions (forecasting the M-to-M); eg, when a substitution action creates an exposure, this report can indicate the necessary margin.
This message is sent to provide the details of the valuation of both the collateral and the exposure.
This message can be used to claim collateral.