The message may also be used to:
re-send a message (be it an instruction, request for cancellation, or pre-advise) sent by the account owner to the account servicer (the subfunction of the message is DUPL)
provide a third party with a copy of a message (be it an the instruction, request for cancellation, or pre-advise) being sent by the account owner for information (the subfunction of the message is COPY)
re-send a third party a copy of a message (be it an instruction, request for cancellation, or pre-advise) being sent by the account owner for information (the subfunction of the message is CODU).
When the message is used as a request to cancel, the linkage sequence must contain the reference of the original instruction.
Field 11A Currency in Trade Details sequence B provides an instruction to the account servicer to execute a forex deal on behalf of the account owner. The purpose of the forex deal is to repatriate proceeds at the completion of a transaction. This field is not to be used when standing instructions have been established. The use of forex instruction implies the following:
the currency received as proceeds from the sale of securities, for example, the currency to be sold, is the currency of the settlement amount. The currency to be bought is indicated by the qualifier FXIB, 'currency to be bought'. If proceeds are repatriated, this is in the base currency of the portfolio.
the amount of currency to be sold is equal to the settlement amount of the transaction. This implies a bulk forex deal must be instructed by other means.
a forex deal to repatriate proceeds after the sale of securities should be executed for the soonest possible value date after settlement of the securities, as permitted by market convention.
a bilateral agreement regarding the use of this field has been established.
