(Eagle Has Landed post)
DOES MT527 REALLY HAVE ANYTHING TO DO WITH THE RV?
ALSO, WHERE DOES THE "72 HOURS" COME FROM?
The following is the official MT 527 Triparty Collateral Instruction
Included in the report is the LIFECYCLE of the transaction and of the instruction
Lifecycle of Collateral Management Transaction:
When a transaction is initiated, agreed on by both parties, accepted and declared valid by the triparty agent, the lifecycle of the transaction starts. The transaction will normally last as long as the underlying deal. At the end of its lifecycle a transaction is closed. (72 hours not mentioned.)
Lifecycle of Collateral Management Instruction:
The lifecycle of a collateral management instruction starts when the user of the triparty service sends an instruction message. At receipt of the instruction message, the triparty agent will process the instruction and assign a status (that is, valid or rejected). At each step in the lifecycle of an instruction a different status will be assigned. For example, an instruction can be valid for processing or rejected because it is incorrect. If an instruction needs to be matched (for example, two initiation- instructions from party A and B need to match) it can have a status matched or unmatched. Other statuses describe the sufficiency or eligibility of the collateral. (72 hours not mentioned.)
IT SHOULD ALSO BE NOTED THAT MT527 HAS TO DO WITH SECURITIES MARKETS AND NOT FOREIGN EXCHANGE OR MONEY MARKETS.
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