This message type is sent by a financial institution to another financial institution both of which are involved in a securities transaction.
It is used to claim reimbursement of funds paid by the Sender on behalf of the Receiver and/or securities received by the Receiver and which are due to the Sender.
The message may also be used to advise the Receiver that funds and/or securities have been or will be remitted by the Sender in favour of the Receiver.