FundInstructions
A fund instruction is an entity that holds information about a message sent to a Fund entity in order to complete a trade where an investor buys (subscribes) och sells (redeems) their holdings in an investment fund. The fund instructions in BFS are structured according to ISO 20022 and can receive the following statuses:
Status | Description |
|---|---|
NEW | A new created instruction |
READY | An instruction that is ready to be sent to the counterparty. If this status is set in BFS the instruction will be included the next time a scheduled job collects and sends instructions or a user manually triggers a fund instruction send action |
STOP | An instruction that is on hold and will not be sent to the counterparty |
SENT | An instruction that has been sent to the counterparty |
SENTERROR | An instruction that received some sort of connection error when sending to the counterparty |
ACK | An instruction that is acknowledged by the counterparty |
NACK | An instruction that is reported by the counterparty that in some way is not correct. For example if an instruction is sent to the counterparty and the investment fund does not exist with the counterparty this state will be the result |
EXECUTED | An instruction that is confirmed as a traded and that has received a fill price |
SETTLED | An instruction that is confirmed as settled |
CANCELED | An instruction that is canceled |
ERROR | An instruction that has received some kind of error |
FINISHED | An instruction that is complete |