Technical Overview mfund Settlement Service

Transcription

1 Technical verview mfund Settlement Service VERSIN 4.7 ARCH 2017

2 Contents Acronym Glossary... 3 Introduction... 4 mfund Contacts... 5 mfund essage Interactions... 6 Payment Facilities... 7 Holder aintenance iscellaneous Applications Redemptions Switches rder aintenance rder Reversal Income Statement Selection Periodic Income Statements Annual Income Statements Distribution Election Distribution Reinvestment Plan Regular Payment Plan Conversions Enquiries Reporting Settlement Payments essaging Appendices Appendix 1: Eligible mfund Security Types Appendix 2: entifiers Format of an Input entifier Format of an utput entifier Appendix 3: Editing Rules for Registration Details Appendix 4: Investor Types Appendix 5: ASX ReferencePoint Appendix 6: mfund Website Appendix 7: mfund Participation odels mfund Issuer odel mfund Bureau odel mfund RE odel Appendix 8: Processing Schedule

3 mfund Settlement Service Technical verview v4.7 Acronym Glossary Acronym AIC AL APG APIR AT DRP EIS ED FATCA ISV PDS PID RITS RPP SDS SRN TFN UIC Definition Access Identification Code () Anti-money Laundering ASX Settlement Procedure Guidelines Asia Pacific Investment Register Australian Tax ffice Clearing House Electronic Sub-Register System Dividend Reinvestment Plan External Interface Specification End of Day Foreign Account Tax Compliance Act Holder Indentication Number Independent Service Vendor Product Disclosure Statement Participant Identifier Product Issuer Settlement Participant Reserve Bank Information & Transfer System Regular Payment Plan (not currently in production) Standard Distribution Statement Security Holder Reference Number Tax File Number (AUS) User Identification Code (interchangeable with PID) 2016 ASX Limited. ABN Page 3 of 117

4 mfund Settlement Service Technical verview v4.7 Introduction The purpose of this document is to provide an introduction to precepts and an overview of the technical infrastructure underpinning the mfund Settlement Service. The document details the elements that comprise the mfund Settlement Service. Establishing and maintaining payment facilities to allow interaction with settlement whereby monies pass from the broker to the for applications and vice versa for redemptions. Establishing and maintaining a Holder outlines the procedure used to establish a Holder (investor) and the allocation, by, of a. This is a prerequisite for any interaction between and the investor (via their sponsoring broker). mfund messaging interactions required to achieve a business outcome (an Application for Fund Units for example). messaging interactions required to manage reporting, and other ancillary functions within. Refer to the chapter essaging for a list of all mfund related messages. messages and associated data fields are documented in the External Interface Specification (EIS) and are available through the following link: External Interface Specifications (EIS) Procedural detail for each mfund Settlement Service function is documented in the ASX Settlement Procedure Guidelines (APG) and is available through the following link: ASX Settlement Procedure Guidelines (APG) The Appendices to this document cover a number of important features: Available mfund Security Types Transaction ID usage Investor registration retail validation Investor Types used within the TFN ASX ReferencePoint mfund files mfund website mfund participation models processing schedule 2016 ASX Limited. ABN Page 4 of 117

5 mfund Settlement Service Technical verview v4.7 mfund Contacts For information regarding these new mfund features please contact: Steven Ball Senior perations Analyst T: E: steven.ball@asx.com.au 2016 ASX Limited. ABN Page 5 of 117

6 mfund Settlement Service Technical verview v4.7 mfund essage Interactions messaging is the medium for interaction between, Participants, Product Issuer Settlement Participants and Share Registries and adds value in terms of a standard transaction protocol and by providing data validation where applicable. The following section describes the interactions between users and the messages and message flows required to achieve the business outcomes. The mfund Settlement Service messages are presented along with existing messages that need to be incorporated to qualify as an accredited mfund user. The categories used to group the following mfund Settlement Service message interactions are: Payment Facilities Holder aintenance Applications Redemptions Switches rder aintenance Income Statements Distribution Reinvestment Plans (DRP) Elections Regular Payment Plans (RPP) Elections (not currently in production) Distribution Reinvestment Plans (DRP) Conversions Enquiries Reporting Settlement Payments Note: mfund transfer functionality is not currently supported within the production (v9.0) environment. Accordingly, all messages and references to transfer functionality stated in previous versions of this technical overview (v4.7) have been removed ASX Limited. ABN Page 6 of 117

7 mfund Settlement Service Technical verview v4.7 Payment Facilities Two payment facilities must be established by each and each broker participant through their payment provider: 1. Application 2. Redemption nce the payment facilities are established, each participant must request the setup of Payment s which will link to the nominated payment facility. This process is shown below. Payment Assignment Process Entity Creating Payment Creating Payment Facility and T201 Create Payment response T202 Appendix P1 Create Payment Facility Application Created Payment facility T240 C&S perations Create Payment Facility Created Payment facility Payment Provider 2016 ASX Limited. ABN Page 7 of 117

8 mfund Settlement Service Technical verview v4.7 Payment : Creation To set up a Payment. Set Entrepot Type to P. This must occur for each Payment Facility. A 201 New Registration Details B 202 Accepted New Registration Details A 201 New Registration Details Holder Type Registration Details Entrepot Type Residency Indicator Address Purpose / B 202 Accepted New Registration Details rigin / 2016 ASX Limited. ABN Page 8 of 117

9 mfund Settlement Service Technical verview v4.7 Payment : Cancellation To be used to cancel a Payment of Entrepot Type P. A 203 Registration Details Update Request B 218 Accepted Registration Details Update A 203 Registration Details Update Request Date of Event Contact Reference Transaction ID Registration Details Registration Name Update Reason 1 Registration Name Update Reason 2 Holder Status Change Residency Indicator Holder Lock Release Reason Address Purpose Cancellation / B 218 Accepted Registration Details Update rigin / 2016 ASX Limited. ABN Page 9 of 117

10 mfund Settlement Service Technical verview v4.7 Payment : Cancellation authorisation C 220 Authorised Registration Details C 220 Authorised Registration Details Holder Type Target Transaction ID Registration Details rigin Entrepot Type Holder Status Residency Indicator Registration Details Update Reason / Payment : Cancellation rejection C 518 Rejected Transaction C 518 Rejected Transaction Transaction ID rigin Rejected Reason / 2016 ASX Limited. ABN Page 10 of 117

11 mfund Settlement Service Technical verview v4.7 Payment : Payment Facility advice Following a successful request to create, update or cancel a Payment Facility, transmits one of the following advice messages (based on the action requested: Create, Update or Cancel). A 240 Created Payment Facility A 242 Applied Payment Facility Update A 244 Cancelled Payment Facility A 240 Created Payment Facility PID Bank UIC Payment Facility Id Default Payment Facility Indicator rigin Transaction ID / A 244 Cancelled Payment Facility Payment Facility Id rigin Transaction ID / A 242 Applied Payment Facility Update PID Bank UIC Payment Facility Id rigin Transaction ID Payment Facility Change Reason / 2016 ASX Limited. ABN Page 11 of 117

12 mfund Settlement Service Technical verview v4.7 Holder aintenance The following section describes the message suites relating to the setup and maintenance of holder related data in. The diagrams show the message interactions between the participants and. The data within each message is shown and the mandatory optional attribute is highlighted. Holder Creation and aintenance SRN Enquiry Holding Advice TFN/ABN Advice Lock /Unlock Holding 2016 ASX Limited. ABN Page 12 of 117

13 mfund Settlement Service Technical verview v4.7 Holder aintenance: Holder creation Applies to Sponsoring Participants only (Holder Type S ). A 201 New Registration Details B 202 Accepted New Registration Details A 201 New Registration Details Holder Type Registration Details Entrepot Type Residency Indicator Address Purpose / B 202 Accepted New Registration Details rigin / Where an Address is entered, an Purpose must be supplied 2016 ASX Limited. ABN Page 13 of 117

14 mfund Settlement Service Technical verview v4.7 Holder aintenance: Holder update Applies to Sponsoring Participants only. authorisation is required where either the registration details (name and/or address) or details are modified. A 203 Registration Details Update Request B 218 Accepted Registration Details Update A 203 Registration Details Update Request Date of Event Contact Reference Transaction ID Registration Details Registration Name Update Reason 1 Registration Name Update Reason 2 Holder Status Change Residency Indicator Holder Lock Release Reason Address Purpose Cancellation / B 218 Accepted Registration Details Update rigin Where an Address is entered, an Purpose must be supplied / 2016 ASX Limited. ABN Page 14 of 117

15 mfund Settlement Service Technical verview v4.7 Holder aintenance: Holder update Applies to Sponsoring Participants only, where authorisation is not required. C 512 Holding Registration Details D 512 Holding Registration Details Security Code Holder Type Controlling PID Registration Details Indicator Registration Details rigin Holder Status Residency Indicator Address Purpose / 2016 ASX Limited. ABN Page 15 of 117

16 mfund Settlement Service Technical verview v4.7 Holder aintenance: Holder update acceptance Applies to Sponsoring Participants only. authorisation only applies where either the registration details (name and/or address) or details have been modified. C 220 Authorised Registration Details D 512 Holding Registration Details C 220 Authorised Registration Detail Holder Type Target Transaction ID Registration Details rigin Entrepot Type Holder Status Residency Indicator Registration Details Update Reason / D 512 Holding Registration Details Security Code Holder Type Controlling PID Registration Details Indicator Registration Details rigin Holder Status Residency Indicator Address Purpose / 2016 ASX Limited. ABN Page 16 of 117

17 mfund Settlement Service Technical verview v4.7 Holder aintenance: Holder update rejection Applies to Sponsoring Participants only. authorisation only applies where either the registration details (name and/or address) or details have been modified. C 080 Rejected Registration Details Update C 080 Rejected Registration Details Update Target Transaction ID rigin Rejected Registration Update Reason / 2016 ASX Limited. ABN Page 17 of 117

18 mfund Settlement Service Technical verview v4.7 Holder aintenance: SRN Enquiry A 451 Participant to SRN Request B 452 to Participant SRN Request Acknowledgment C 454 to SRN Request Followed by acceptance or rejection of the SRN Enquiry request. A 451 Participant to SRN Request Transaction ID Registration Details B 452 to Participant SRN Request Acknowledgment rigin / / C 454 to SRN Request Target UIC Target Registration Details / 2016 ASX Limited. ABN Page 18 of 117

19 mfund Settlement Service Technical verview v4.7 Holder aintenance: SRN Enquiry acceptance D 453 to SRN Response E 456 to SRN Response Acknowledgment F 458 to Participant SRN Response D 453 to SRN Response Target UIC Target SecurityHolder Reference Number Registration Details / F 458 to Participant SRN Response Target SecurityHolder Reference Number Registration Details rigin / E 456 to SRN Response Acknowledgment rigin / Holder aintenance: SRN Enquiry rejection D 455 to SRN Reject E 460 to SRN Reject Acknowledgment F 462 to Participant SRN Reject D 455 to SRN Reject Reject Reason Target UIC Target / F 462 to Participant SRN Reject Reject Reason Target rigin / E 460 to SRN Reject Acknowledgment rigin / 2016 ASX Limited. ABN Page 19 of 117

20 mfund Settlement Service Technical verview v4.7 Holder aintenance: Holding Advice A 757 Holding Advice B 758 Holding Advice Acknowledgment C 760 Holding Advice Notification Followed by acceptance or rejection of the Holding Advice notification. A 757 Holding Advice Transaction ID BSB Number Account Number Account Name Account Purpose Account Cancellation B 758 Holding Advice Acknowledgement rigin / / C 760 Holding Advice Notification Target UIC rigin BSB Number FI Code Account Number Account Name Account Purpose Account Cancellation / 2016 ASX Limited. ABN Page 20 of 117

21 mfund Settlement Service Technical verview v4.7 Holder aintenance: Holding Advice acceptance D 759 Holding Advice Acceptance E 762 Effected Transaction F 764 Accepted Holding Advice D 759 Holding Advice Acceptance Target UIC Target / F 764 Accepted Holding Advice Target rigin / E 762 Effected Transaction rigin / Holder aintenance: Holding Advice rejection D 761 Holding Advice Rejection E 762 Effected Transaction F 766 Rejected Holding Advice D 761 Holding Advice Rejection Target UIC Target Rejected Holding Advice Reason / F 766 Rejected Holding Advice Target rigin Rejected Holding Advice Reason / E 762 Effected Transaction rigin / 2016 ASX Limited. ABN Page 21 of 117

22 mfund Settlement Service Technical verview v4.7 Holder aintenance: TFN/ABN advice A 533 Tax File Number / Australian Business Number Advice C 534 Notified Tax File Number / Australian Business Number Advice B 536 Accepted Tax File Number / Australian Business Number Advice A 533 Tax File Number / Australian Business Number Advice Transaction ID Tax File Number / ABN 1 Tax File Number / ABN 2 Tax File Number / ABN 3 / C 534 Notified Tax File Number / Australian Business Number Advice rigin Tax File Number / ABN 1 Tax File Number / ABN 2 Tax File Number / ABN 3 / B 536 Accepted Tax File Number / Australian Business Number Advice rigin / 2016 ASX Limited. ABN Page 22 of 117

23 mfund Settlement Service Technical verview v4.7 Holder aintenance: Change of Controlling Participant (new) (new) A 245 Change Controlling Participant Request B 246 Accepted Change Controlling Participant Request C 248 Change Controlling Participant Authorisation Request Followed by acceptance or rejection of the broker (new Sponsoring Participant) request, or the cancellation of the request by the broker (new Sponsoring Participant). A 245 Change Controlling Participant Request Controlling PID Transaction ID B 246 Accepted Change Controlling Participant Request rigin / / C 248 Change Controlling Participant Authorisation Request Requesting Participant rigin / 2016 ASX Limited. ABN Page 23 of 117

24 mfund Settlement Service Technical verview v4.7 Holder aintenance: Change of Controlling Participant authorisation D 251 Change Controlling Participant Authorisation E 252 Effected Change Controlling Participant E 252 Effected Change Controlling Participant F 222 Holder Detail G 832 Holding Fund Balance (new) (new) (new) D 251 Change Controlling Participant Authorisation Target E 252 Effected Change Controlling Participant ld Controlling Participant New Controlling Participant Target rigin / / F 222 Holder Detail Holder Type Controlling PID Statement Required Registration Details rigin Entrepot Type Advice Reason Holder Status Residency Indicator Address Purpose / G 832 Holding Fund Balance rigin Advice Reason Total Fund Units on Register / 2016 ASX Limited. ABN Page 24 of 117

25 mfund Settlement Service Technical verview v4.7 Holder aintenance: Change of Controlling Participant rejection D 253 Change Controlling Participant Rejection E 256 Applied Change Controlling Participant Reject F 254 Rejected Change Controlling Participant (new) D 253 Change Controlling Participant Rejection Target Rejected Change Reason / F 254 Rejected Change Controlling Participant Target rigin Rejected Change Reason / E 256 Applied Change Controlling Participant Reject Target rigin Rejected Change Reason / 2016 ASX Limited. ABN Page 25 of 117

26 mfund Settlement Service Technical verview v4.7 Holder aintenance: Change of Controlling Participant cancellation (new) (new) A 247 Change Controlling Participant Cancellation Request B 250 Cancelled Change Controlling Participant Request B 250 Cancelled Change Controlling Participant Request A 247 Change Controlling Participant Cancellation Request Target / B 250 Cancelled Change Controlling Participant Request Requesting Participant rigin / 2016 ASX Limited. ABN Page 26 of 117

27 mfund Settlement Service Technical verview v4.7 Holder aintenance: Lock holding A 204 Locked Holding A 204 Locked Holding Security Code rigin Transaction ID / Holder aintenance: Unlock holding A 206 Unlocked Holding A 206 Unlocked Holding Security Code rigin Transaction ID / 2016 ASX Limited. ABN Page 27 of 117

28 mfund Settlement Service Technical verview v4.7 iscellaneous The following section describes the message suites relating to a number of miscellaneous but essential functions within. The diagrams show the message interactions between the participants and. The data within each message is shown and the mandatory optional attribute is highlighted. Archive Sub-Register Rejected Transaction Invalid Transaction 2016 ASX Limited. ABN Page 28 of 117

29 mfund Settlement Service Technical verview v4.7 iscellaneous: Archive Sub-Register Notified by where a closed security sub-register has been archived. Retrieval of data from an archived security sub-register may be requested by contacting ASX C&S perations. A 528 Archived Sub-Register A 528 Archived Sub-Register A 528 Archived Sub-Register rigin / iscellaneous: Rejected transaction Notified by where a message (any directed message) has been received which has validation errors. A 518 Rejected Transaction A 518 Rejected Transaction Rejected Reason rigin / iscellaneous: Invalid transaction Notified by where a message (any directed message) has been received and has such fundamental validation errors that it cannot be processed. A 540 Invalid Transaction A 540 Invalid Transaction Invalid Reason Invalid essage Header / 2016 ASX Limited. ABN Page 29 of 117

30 mfund Settlement Service Technical verview v4.7 Applications The following section describes the message suite relating to the processing of application transactions. The diagram shows the message interactions between the participants and. The data within each message is shown and the mandatory optional attribute is highlighted. Request response Accept or Reject Settlement Scheduled Application request at any time during the 720 Accepted Participant Response processing day. 729 Application rder Response 730 Effected Application rder Response If prior to 11:15 am, and responds by 11:30 am, settlement will occur that day. Batch Settlement 11:30am to 12:45pm If accepted, must include the Unit Pricing Date and Unit Allotment Date. If rejected a reason is provided. Settlement scheduled Adjusted Unit Allotment Date allots units to and sends confirmation. 811 Effected Update rder Adjustment of the Unit Allotment Date must 810 Update rder occur prior to 7pm on the scheduled Unit 722 Fund Response Allotment Date. 733 Effected Fund Unit Adjustment Unit Allotment occurs at 7pm. 732 Unit Adjustment 722 Fund Response transmits a 812 Reminder Notice reminder post 7pm where unit allotment 812 Reminder Notice has not occured. ay update the Unit Allotment Date. Adjustment request to increase holding for switch to fund. Denotes that the indicated message set may be sent/received multiple times for the same order Line Colours denote related process flows within the function Dashed lines denote processes that may only occur under certain circumstances 2016 ASX Limited. ABN Page 30 of 117

31 mfund Settlement Service Technical verview v4.7 Applications: request A 726 Application Request B 720 Accepted Participant Request C 727 Application rder Request A 726 Application Request Fund Amount Participant Reference Supplementary Reference Security Holder Reference Number Registration Details Date of Birth 1 Date of Birth 2 Date of Birth 3 Tax File Number/ABN 1 Tax File Number/ABN 2 Tax File Number/ABN 3 Address BSB Number Account Number Account Name Account Purpose Purpose Product Name Dealer Group Name Dealer Group AFSL Number Dealer Group Advisor Name Dealer Group Advisor Code Dealer Group Advisor Participant Advisor Name Participant Advisor Code Participant Advisor DRP Preference Initial Application Current PDS Provided PDS Issue Date AL/CTF Check Flag FATCA Questions / B 720 Accepted Participant Request rigin Refer to Applications: Initial Application matrix on the following page. This outlines the data requirements and validations associated with the T726 message. If Sponsored, a is to be entered. If Issuer Sponsored, a SRN is to be entered. therwise the Registration Details can be entered this will indicate to the that this is a new investor and an SRN must be returned. Where an Address is entered, an Purpose must be supplied / 2016 ASX Limited. ABN Page 31 of 117

32 mfund Settlement Service Technical verview v4.7 C 727 Application rder Request Fund Amount PID Supplementary Reference Security Holder Reference Number rigin Registration Details Date of Birth 1 Date of Birth 2 Date of Birth 3 Tax File Number/ABN 1 Tax File Number/ABN 2 Tax File Number/ABN 3 Address BSB Number Account Number Account Name Account Purpose Purpose Product Name Dealer Group Name Dealer Group AFSL Number Dealer Group Advisor Name Dealer Group Advisor Code Dealer Group Advisor Participant Advisor Name Participant Advisor Code Participant Advisor DRP Preference Initial Application Current PDS Provided PDS Issue Date AL/CTF Check Flag FATCA Questions / 2016 ASX Limited. ABN Page 32 of 117

33 mfund Settlement Service Technical verview v4.7 Applications: Initial Application matrix Where an application is furnished by an investor and the application is the first time the investor has requested units in a particular fund, it constitutes an Initial Application. Subsequent requests for units in the same fund do not require the same level of detail. The differences are highlighted in the table below ( signifies mandatory). 726 Application Request Field Name Initial Application Value of Initial Application = Y Subsequent Application Value of Initial Application = N Fund Amount if broker sponsored if broker sponsored Supplementary Reference Security Holder Reference Number if issuer sponsored if issuer sponsored Registration Details if neither broker or issuer sponsored not applicable ( or SRN must be used) Date of Birth 1 if Investor Type = I amendment if included Refer Investor validation Tax File Number/ABN 1 for Investor Type amendment if included Refer Investor validation Date of Birth 2 Refer Investor validation amendment if included Tax File Number/ABN 2 Refer Investor validation amendment if included Date of Birth 3 Refer Investor validation amendment if included Tax File Number/ABN 3 Refer Investor validation amendment if included DRP Preference amendment if included BSB Number if DRP Preference = N if DRP Preference = N Account Number if DRP Preference = N if DRP Preference = N Account Name if DRP Preference = N if DRP Preference = N Account Purpose if DRP Preference = N if DRP Preference = N AL/CTF Check Flag Current PDS Provided PDS Issue Date FATCA Questions Initial Application must be Y must be N 2016 ASX Limited. ABN Page 33 of 117

34 mfund Settlement Service Technical verview v4.7 Applications: Investor validation Applications allow up to 3 instances of entities (investor details) to be recorded for ownership and domestic tax purposes. At least one instance must be supplied. The Investor Type component (12 th character) of the Tax File Number within the Tax File Number/ABN field is mandatory for the first instance. Refer Appendix 4 to view valid Investor Types. Date of Birth is not a mandatory value as only individuals (Investor Types I or D ) require a date of birth. For an initial application will validate and ensure that: Investor Type component of the Tax File Number within the Tax File Number/ABN field is included. If the Investor Type component of the Tax File Number within the Tax File Number/ABN field equals I or D, then Date of Birth is included. For additional instances, if either o Date of Birth or Investor Type component of the Tax File Number within the Tax File Number/ABN field are present then same validation as above. DRP Preference is included. o Where DRP Preference is N (signifying cash), the following Bank Account details must be populated: BSB Number Account Number Account Name Account Purpose Where an Address is entered, an Purpose must be supplied ASX Limited. ABN Page 34 of 117

35 mfund Settlement Service Technical verview v4.7 Applications: response ultiple iterations of the T729 message may need to be sent by the to achieve order completion; refer to Applications: Completion Criteria. It is important that unit allotment does not occur prior to full completion details (via T729) being furnished. D 729 Application rder / Payment Plan Application Response E 722 Fund Response F 730 Effected Application rder / Payment Plan Application Response D 729 Application rder / Payment Plan Application Response Fund Amount PID Processing Time stamp Transaction Status 1 Security Holder Reference Number Rejected rder Reason 2 rigin Unit Price rder Reference rder Type 3 Number of Units Unit Pricing Date Fees Unit Allotment Date / E 722 Fund Response rigin F 730 Effected Application rder / Payment Plan Application Response Fund Amount Processing Time stamp Transaction Status Security Holder Reference Number Rejected rder Reason rigin Unit Price rder Reference rder Type Number of Units Unit Pricing Date Fees Unit Allotment Date / / T729: Unit Pricing Date and Unit Allotment Date must be included where request is accepted. T729: Where only Registration Detail are supplied the is expected to return a SRN. 1 Transaction Status must be A (Accepted) or R (Rejected). 2 Rejected rder Reason must be populated where Transaction Status = R. 3 rder Type must be APP (Application) ASX Limited. ABN Page 35 of 117

36 mfund Settlement Service Technical verview v4.7 Applications: Settlement payment G 731 Scheduled Settlement Payment Instruction G 731 Scheduled Settlement Payment Instruction G 731 Scheduled Settlement Payment Instruction Settlement Amount Settlement Date Payment Paying PID Receiving PID Participant Reference Supplementary Reference rigin rder Reference / 2016 ASX Limited. ABN Page 36 of 117

37 mfund Settlement Service Technical verview v4.7 Applications: Post Settlement mfund unit allocation Does not apply to Issuer Sponsored holders. H 732 Unit Adjustment J 733 Effected Fund Unit Adjustment I 722 Fund Response H 732 Unit Adjustment PID Fund Reason 4 Increase or Decrease rigin Reference Adjustment Units / I 722 Fund Response rigin J 733 Effected Fund Unit Adjustment Fund Reason Increase or Decrease rigin Effected Timestamp Reference Adjustment Units New Fund Holding Balance / / 4 Fund Reason must be APP (Application) ASX Limited. ABN Page 37 of 117

38 mfund Settlement Service Technical verview v4.7 Applications: Post Settlement mfund unit allocation reminder Transmitted by at 7P on the nominated Allotment Date if unit allocation has not occurred. A 812 Reminder Notice A 812 Reminder Notice A 812 Reminder Notice PID Target Total Reminder Count Number of Units Unit Allotment Date / 2016 ASX Limited. ABN Page 38 of 117

39 mfund Settlement Service Technical verview v4.7 Applications: Completion criteria Where a responds to an Application order request, the response may be an acceptance or a rejection. Where rejection is returned only one iteration of the T729 message is required. Where acceptance is returned, not all order related data may be available to the at the time of responding. This may necessitate that the T729 be sent to multiple times to build up a completed transaction data set. The table below details what data is required to be populated to achieve order completion. ()andatory and ()ptional are used to denote whether the value is required. T729 Application rder Response Field Name Initial Response Subsequent Response Fund Amount if on request if PID Transaction Status Security Holder Reference Number if SRN on request or populate where if SRN only Registration Details passed through on the T726 request Rejected rder Reason where rejected n/a rigin Unit Price rder Reference rder Type Number of Units Unit Pricing Date where accepted Fees Unit Allotment Date where accepted An Application order request is deemed to be complete, when: SRN or Registration Details furnished All mandatory data is complete and payment through Batch Settlement is complete. furnished All mandatory data is complete, payment through Batch Settlement is complete and unit allotment has occurred ASX Limited. ABN Page 39 of 117

40 mfund Settlement Service Technical verview v4.7 Redemptions The following section describes the message suite relating to the processing of redemption transactions. The diagram shows the message interactions between participants and. The data within each message is shown and the mandatory optional attribute is highlighted. Request response Accept, Reject or n-hold reduces units in and sends confirmation. Redemption request at any time during the 720 Accepted Participant Response processing day. 802 Redemption rder Response 803 Effected Redemption rder Response If prior to 11:15 am, and responds by 11:30 am, settlement will occur that day. Unit adjustment may 732 Unit Adjustment occur prior or post 733 Effected Fund Unit Adjustment settlement. 722 Fund Response If accepted, must include the Unit Pricing Date and Payment Date. If rejected a reason is provided. Adjustment to return redeemed units Settlement Scheduled Settlement scheduled Adjusted Payment Date 811 Effected Update rder 810 Update rder 722 Fund Response 824 Change Settlement Date Re-Scheduled 824 Change Settlement Date settlement Batch Settlement 11:30am to 12:45pm ay update the Payment Date prior to settlement Denotes that the indicated message set may be sent/received multiple times for the same order Line Colours denote related process flows within the function Dashed lines denote processes that may only occur under certain circumstances 2016 ASX Limited. ABN Page 40 of 117

41 mfund Settlement Service Technical verview v4.7 Redemptions: request A 800 Redemption Request B 720 Accepted Participant Request C 801 Redemption rder Request A 800 Redemption Request Fund Amount Participant Reference Supplementary Reference Security Holder Reference Number Number of Units Product Name Nett or Gross Redemption Request Reason Dealer Group Name Dealer Group AFSL Number Dealer Group Advisor Name Dealer Group Advisor Code Dealer Group Advisor Participant Advisor Name Participant Advisor Code Participant Advisor Full Redemption AL/CTF Check Flag FATCA Questions / C 801 Redemption rder Request Fund Amount PID Supplementary Reference Security Holder Reference Number rigin Number of Units Product Name Nett or Gross Redemption Request Reason Dealer Group Name Dealer Group AFSL Number Dealer Group Advisor Name Dealer Group Advisor Code Dealer Group Advisor Participant Advisor Name Participant Advisor Code Participant Advisor Full Redemption AL/CTF Check Flag FATCA Questions / B 720 Accepted Participant Request rigin / T800: If Sponsored, a is to be entered If Issuer Sponsored, a SRN is to be entered ASX Limited. ABN Page 41 of 117

42 mfund Settlement Service Technical verview v4.7 Redemptions: response ultiple iterations of the T802 message may need to be sent by the to achieve order completion; refer to Redemptions: Completion Criteria. It is important that unit adjustment does not occur prior to full completion details (via T802) being furnished. D 802 Redemption rder Response E 722 Fund Response F 803 Effected Redemption rder Request D 802 Redemption rder Response Fund Amount PID Processing Time stamp Transaction Status 5 Hold Reason 6 Security Holder Reference Number Rejected rder Reason 7 rigin Unit Price rder Reference Income Tax Deducted Nett or Gross Number of Units Unit Pricing Date Fees Payment Date / T802: Unit Pricing Date and Payment Date must be included where the request is accepted. E 722 Fund Response rigin F 803 Effected Redemption rder Request Fund Amount Processing Time stamp Transaction Status Hold Reason Security Holder Reference Number Rejected rder Reason rigin Unit Price rder Reference Income Tax Deducted Nett or Gross Number of Units Unit Pricing Date Fees Payment Date / / 5 Transaction Status may be either A (Accepted), R (Rejected) or H (n-hold). 6 Hold Reason must be populated where Transaction Status = H. 7 Rejected rder Reason must be populated where Transaction Status = R ASX Limited. ABN Page 42 of 117

43 mfund Settlement Service Technical verview v4.7 Redemptions: Adjustment of mfund units Does not apply to Issuer Sponsored holders. G 732 Unit Adjustment I 733 Effected Fund Unit Adjustment H 722 Fund Response G 732 Unit Adjustment PID Fund Reason 8 Increase or Decrease rigin Reference Adjustment Units / I 733 Effected Fund Unit Adjustment Fund Reason Increase or Decrease rigin Effected Timestamp Reference Adjustment Units New Fund Holding Balance / H 722 Fund Response rigin / 8 Fund Reason must be RED (Redemption) ASX Limited. ABN Page 43 of 117

44 mfund Settlement Service Technical verview v4.7 Redemptions: Settlement payment J 731 Scheduled Settlement Payment Instruction J 731 Scheduled Settlement Payment Instruction J 731 Scheduled Settlement Payment Instruction Settlement Amount Settlement Date Payment Paying PID Receiving PID Participant Reference Supplementary Reference rigin rder Reference / 2016 ASX Limited. ABN Page 44 of 117

45 mfund Settlement Service Technical verview v4.7 Redemptions: Completion criteria Where a responds to a Redemption order request, the response may be an acceptance, a rejection or the order may be placed n-hold. Where rejection is returned only one iteration of the T802 message is required. Where acceptance is returned, not all order related data may be available to the at the time of responding. This may necessitate that the T802 be sent to multiple times to build up a completed transaction data set. The table below details what data is required to be populated to achieve order completion. ()andatory and ()ptional are used to denote whether the value is required. T802 Redemption rder Response Field Name Initial Response Subsequent Response Fund Amount if Amount in T800 request if no Amount in T800 request if on request if PID Transaction Status Hold Reason where request put on-hold n/a Security Holder Reference Number if SRN on request if SRN Rejected rder Reason where rejected n/a rigin Unit Price rder Reference Income Tax Deducted Nett or Gross Number of Units if in T800 request if no Number of Units in T800 request Unit Pricing Date where accepted Fees Payment Date where accepted A Redemption order request is deemed to be complete, when: SRN furnished All mandatory data is complete and payment through Batch Settlement is complete. furnished All mandatory data is complete, payment through Batch Settlement is complete and unit redemption has occurred ASX Limited. ABN Page 45 of 117

46 mfund Settlement Service Technical verview v4.7 Switches The following section describes the message suite relating to the processing of switch transactions. The diagram shows the message interactions between the participants and. The data within each message is shown and the mandatory optional attribute is highlighted. Request response Accept, Reject or n-hold 806 Switch Request 720 Accepted Participant Response 809 Effected Switch rder Response Switch request at any time during the processing day. 807 Switch rder Request 808 Switch rder Response 722 Fund Response If accepted, must include the Unit Pricing Date and Unit Allotment Date. If rejected a reason is provided. Adjusted Unit Allotment Date 811 Effected Update rder Adjustment of the Unit Allotment Date must occur prior to 7pm on the scheduled Unit Allotment Date. 810 Update rder 722 Fund Response ay update the Unit Allotment Date. reduces units in and sends confirmation. 733 Effected Fund Unit Adjustment Unit Allotment occurs at 7pm. 732 Unit Adjustment 722 Fund Response Adjustment request to decrease holding for switch from fund. allots units to and sends confirmation. 733 Effected Fund Unit Adjustment 732 Unit Adjustment 722 Fund Response Adjustment request to increase holding for switch to fund. transmits a 812 Reminder Notice reminder post 7pm where unit allotment 812 Reminder Notice has not occured. Denotes that the indicated message set may be sent/received multiple times for the same order Line Colours denote related process flows within the function Dashed lines denote processes that may only occur under certain circumstances 2016 ASX Limited. ABN Page 46 of 117

47 mfund Settlement Service Technical verview v4.7 Switches: request A 806 Switch Request B 720 Accepted Participant Request C 807 Switch rder Request A 806 Switch Request Redemption Redemption Fund Amount Application Application Participant Reference Supplementary Reference Security Holder Reference Number Units Redeemed Redemption Product Name Application Product Name Nett or Gross Dealer Group Name Dealer Group AFSL Number Dealer Group Advisor Name Dealer Group Advisor Code Dealer Group Advisor Participant Advisor Name Participant Advisor Code Participant Advisor Full Switch Current PDS Provided PDS Issue Date AL/CTF Check Flag FATCA Questions B 720 Accepted Participant Request rigin / / C 807 Switch rder Request Redemption Redemption Fund Amount Application Application PID Participant Reference Supplementary Reference Security Holder Reference Number rigin Units Redeemed Redemption Product Name Application Product Name Nett or Gross Dealer Group Name Dealer Group AFSL Number Dealer Group Advisor Name Dealer Group Advisor Code Dealer Group Advisor Participant Advisor Name Participant Advisor Code Participant Advisor Full Switch Current PDS Provided PDS Issue Date AL/CTF Check Flag FATCA Questions / T806: If Sponsored, a is to be entered If Issuer Sponsored, a SRN may be entered Switches may only occur between funds issued by the same Product Issuer 2016 ASX Limited. ABN Page 47 of 117

48 mfund Settlement Service Technical verview v4.7 Switches: response ultiple iterations of the T808 message may need to be sent by the for order completion; refer to Switches: Completion Criteria. It is important that unit allotment does not occur prior to full completion details (via T808) being furnished. D 808 Switch rder Response E 722 Fund Response F 809 Effected Switch rder Request D 808 Switch rder Response Redemption Redemption Fund Amount Application Application PID Transaction Status 9 Hold Reason 10 Security Holder Reference Number Rejected rder Reason 11 rigin Redemption Unit Price rder Reference Income Tax Deducted Nett or Gross Units Redeemed Application Unit Price Application Unit Pricing Date Fees Application Units Unit Allotment Date Redemption Unit Pricing Date / F 809 Effected Switch rder Request Redemption Redemption Fund Amount Application Application Transaction Status Hold Reason Security Holder Reference Number Rejected rder Reason rigin Redemption Unit Price rder Reference Income Tax Deducted Nett or Gross Units Redeemed Application Unit Price Application Unit Pricing Date Fees Application Units Unit Allotment Date Redemption Unit Pricing Date / E 722 Fund Response rigin / T808: Unit Pricing Date (for both Application and Redemption legs) and Unit Allotment Date must be included where the request is accepted 9 Transaction Status may be either A (Accepted), R (Rejected) or H (n-hold). 10 Hold Reason must be populated where Transaction Status = H. 11 Rejected rder Reason must be populated where Transaction Status = R ASX Limited. ABN Page 48 of 117

49 mfund Settlement Service Technical verview v4.7 Switches: Adjustment of mfund units - Redemption Does not apply to Issuer Sponsored holders. G 732 Unit Adjustment I 733 Effected Fund Unit Adjustment H 722 Fund Response G 732 Unit Adjustment PID Fund Reason 12 Increase or Decrease 13 rigin Reference Adjustment Units / I 733 Effected Fund Unit Adjustment Fund Reason Increase or Decrease rigin Effected Timestamp Reference Adjustment Units New Fund Holding Balance / H 722 Fund Response rigin / 12 Fund Reason must be SWI (Switch). 13 Increase or Decrease must be ASX Limited. ABN Page 49 of 117

50 mfund Settlement Service Technical verview v4.7 Switches: Adjustment of mfund units - Application Does not apply to Issuer Sponsored holders. J 732 Unit Adjustment L 733 Effected Fund Unit Adjustment K 722 Fund Response J 732 Unit Adjustment PID Fund Reason 14 Increase or Decrease 15 rigin Reference Adjustment Units / L 733 Effected Fund Unit Adjustment Fund Reason Increase or Decrease rigin Effected Timestamp Reference Adjustment Units New Fund Holding Balance / K 722 Fund Response rigin / 14 Fund Reason must be SWI (Switch). 15 Increase or Decrease must be ASX Limited. ABN Page 50 of 117

51 mfund Settlement Service Technical verview v4.7 Switches: Completion criteria Where a responds to a Switch order request, the response may be an acceptance, a rejection, or the order may be placed n-hold. Where rejection or n-hold is returned only one iteration of the T808 message is required. Where acceptance is returned, not all order related data may be available to the at the time of responding. This may necessitate that the T808 be sent to multiple times to build up a completed transaction data set. The table below details what data is required to be populated to achieve order completion. ()andatory and ()ptional are used to denote whether the value is required. 808 Switch rder Response Field Name Initial Response Subsequent Response Redemption Redemption Application Application Fund Amount if Amount in T806 request if no Amount in T806 request if on request if PID Transaction Status Hold Reason where request put on-hold n/a Security Holder Reference Number if SRN on request if SRN Rejected rder Reason where rejected n/a rigin rder Reference Income Tax Deducted Fees Nett or Gross Application Unit Price where accepted Application Unit Pricing Date where accepted Application Units where accepted Unit Allotment Date where accepted Redemption Unit Price Redemption Unit Pricing Date where accepted Units Redeemed if in T806 request if no Units Redeemed in T806 request An Switch order request is deemed to be complete, when: SRN furnished All mandatory data is complete. furnished All mandatory data is complete, unit redemption from the Redemption and unit allotment to the Application has occurred 2016 ASX Limited. ABN Page 51 of 117

52 mfund Settlement Service Technical verview v4.7 rder aintenance The following section describes the message suites relating to the processing of order maintenance transactions. The diagrams show the message interactions between the participants and. The data within each message is shown and the mandatory optional attribute is highlighted. Cancellation of an rder Cancellation of an n Hold rder Update Unit Allotment Date or Payment Date iscellaneous Adjustment Reversal of an rder 2016 ASX Limited. ABN Page 52 of 117

53 mfund Settlement Service Technical verview v4.7 rder aintenance: Cancellation request Applies to Applications, Redemptions and Switches. rder cancellation may occur at any time pre or post settlement. If post settlement, movement of funds must occur outside of. For Sponsored holdings, Unit Adjustments can be made using the iscellaneous Adjustment message suite. A 810 Update rder B 722 Fund Response C 811 Effected Update rder A 810 Update rder PID Transaction Status 16 Cancel Reason 17 Target Rejected rder Reason 18 rder Type 19 Unit Allotment Date Payment Date / C 811 Effected Update rder Transaction Status Cancel Reason Target Rejected rder Reason rder Type Unit Allotment Date Payment Date / B 722 Fund Response rigin / 16 Transaction Status must be C (Cancel rder). 17 Cancel Reason must be CF. 18 No Rejected rder Reason is required. 19 rder Type must contain either APP (Application), RED (Redemption) or SWI (Switch) depending on the order being cancelled ASX Limited. ABN Page 53 of 117

54 mfund Settlement Service Technical verview v4.7 rder aintenance: Payment settlement cancellation Applies only where an order is cancelled after a Scheduled Settlement Instruction (T731) has been created and prior to settlement. Applies to Applications and Redemptions. D 822 Cancelled Funds Settlement Payment Instruction D 822 Cancelled Funds Settlement Payment Instruction D 822 Cancelled Funds Settlement Payment Instruction Settlement Amount Settlement Date Payment Paying PID Receiving PID rigin / 2016 ASX Limited. ABN Page 54 of 117

55 mfund Settlement Service Technical verview v4.7 rder aintenance: n Hold cancellation Applies to Redemptions and Switches. A 804 Fund rder Cancellation Request B 720 Accepted Participant Request C 805 rder Cancellation Request A 804 Fund rder Cancellation Request Target / C 805 rder Cancellation Request PID Target rder Type 20 / B 720 Accepted Participant Request 21 rigin / 20 rder Type will contain either RED (Redemption) or SWI (Switch). 21 Transaction Status must be H (n-hold) for 804 Target Transaction ID ASX Limited. ABN Page 55 of 117

56 mfund Settlement Service Technical verview v4.7 rder aintenance: n Hold cancellation response D 810 Update rder E 722 Fund Response F 811 Effected Update rder D 810 Update rder PID Transaction Status 22 Cancel Reason 23 Target Rejected rder Reason 24 rder Type 25 Unit Allotment Date Payment Date / F 811 Effected Update rder Transaction Status Cancel Reason Target Rejected rder Reason rder Type Unit Allotment Date Payment Date / E 722 Fund Response rigin / 22 Transaction Status may be either A (Accepted) or R (Rejected). 23 No Cancel Reason is required. 24 Rejected rder Reason must be populated where request is rejected. 25 rder Type must contain either RED (Redemption) or SWI (Switch) ASX Limited. ABN Page 56 of 117

57 mfund Settlement Service Technical verview v4.7 rder aintenance: Unit Allotment Date / Payment Date update Allows the to modify the Unit Allotment Date for Applications and Switches, and the Payment Date for Redemptions. A 810 Update rder B 722 Fund Response C 811 Effected Update rder A 810 Update rder PID Transaction Status 26 Cancel Reason 27 Target Rejected rder Reason 28 rder Type 29 Unit Allotment Date Payment Date / C 811 Effected Update rder Transaction Status Cancel Reason Target Rejected rder Reason rder Type Unit Allotment Date Payment Date / B 722 Fund Response rigin / 26 Transaction Status must be U (Update Payment or Unit Allotment Date). 27 No Cancel Reason is required. 28 No Rejected rder Reason is required. 29 rder Type must contain either APP (Application), RED (Redemption) or SWI (Switch) ASX Limited. ABN Page 57 of 117

58 mfund Settlement Service Technical verview v4.7 rder aintenance: Settlement Date update Applies to Redemptions only where the Payment Date has been modified using the T810 Update rder. D 824 Change Settlement Date D 824 Change Settlement Date D 824 Change Settlement Date Settlement Date Payment Paying PID Receiving PID Target / 2016 ASX Limited. ABN Page 58 of 117

59 mfund Settlement Service Technical verview v4.7 rder aintenance: iscellaneous adjustment Allows the to make adjustments to an investor s holding. A valid Fund Reason must be provided. Does not apply to Issuer Sponsored holders. A 732 Unit Adjustment C 733 Effected Fund Unit Adjustment B 722 Fund Response A 732 Unit Adjustment PID Fund Reason 30 Increase or Decrease rigin Reference Adjustment Units / C 733 Effected Fund Unit Adjustment Fund Reason Increase or Decrease rigin Effected Timestamp Reference Adjustment Units New Fund Holding Balance / B 722 Fund Response rigin / 30 Fund Reason must be ADJ (Adjustment) ASX Limited. ABN Page 59 of 117

60 mfund Settlement Service Technical verview v4.7 rder Reversal The following section describes the message suites relating to the processing of order reversal transactions. The diagram shows the message interactions between the participants and. The data within each message is shown and the mandatory optional attribute is highlighted. 846 Effected Unit Reversal Notification Reversal Notification at any time during the processing day 845 Unit Reversal Notification 722 Fund Response Request to reverse a previously completed unit allotment Reversal of previously allotted units confirmed 733 Effected Fund Unit Adjustment Adjustment to remove previous unit allotment 732 Unit Adjustment 722 Fund Response Unit adjustment made to remove previous unit allotment 846 Effected Unit Reversal Notification 845 Unit Reversal Notification 722 Fund Response Request to reapply a unit allotment Re-application of previously allotted units confirmed 733 Effected Fund Unit Adjustment Adjustment to reapply correct unit allotment 732 Unit Adjustment 722 Fund Response Unit adjustment made to reapply a unit allotment Line Colours denote related process flows within the function 2016 ASX Limited. ABN Page 60 of 117