VS5.1 Both Fund A and Fund B are v1 and v2 compliant – all messages sent in v2
Notes:
- FVS will be called either by the Funds or the Gateways, depending on the agreement between the Fund and Gateway. The obligation is on the sending solution to send in the correct version.
- Fund B would use the FVS to determine which version to send the RTR in, because IRR and RTR are not linked
- Fund A would use the Service Value in the RTR to determine what value to send the RTOR in.
VS5.2 – Incorrect Scenario Both funds v2 compliant, but RTR sent in v1
Notes:
- RTR should have been sent in v2 because it is the highest/latest version that is available to both the sender and receiver.
- Trustee decision to accept or reject (If it is sent in v1 in error, trustee would most likely process providing it is before v1 is closed out). Any error handling to be done out of band – no new error or warning message will be created.
- The RTOR is sent in v1 because Fund A would use the Service Value in the RTR to determine what version to send the RTOR in.
VS5.3 Fund A v1 and Fund B v2 – fund A moves to v2 post sending IRR
Notes:
- RTR is sent in V2 because it is sent in the highest version that both Fund A and Fund B can accept.
- RTR does not need to be in the same version as the IRR because the transactions are not linked.
- Fund B would use the FVS to determine the version the RTR is sent in
- Fund A would use the Service Action to determine the version the RTOR is sent in.
VS5.4 Combination of versions: Response message scenarios – linked messages in v1
All the combinations below would result in the same mapping:
- Fund A V1 & Fund B V1
- Fund A V2 and Fund B V1
- Fund A V1 & Fund B V2
Notes:
- Fund A would use the FVS to determine which version to send the IRR
- Fund B would use the Service Value in both cases to determine the version the IRER/RTOR is sent in
INTERB1.6 – Fund A v2 and Fund B v1 – incorrect versioning – IRR sent by fund A to fund B in v2
Notes:
- IRR should be sent in V1 as Fund B is not ready to accept V2.
- Gateway would most likely reject the message because that Service Value won’t be registered as a valid Service Value.
- Depending on the agreement between the Fund and the Gateway, the validation should be done at Gateway A (as part of the sending solution) and rejected by Gateway A. Gateway B should still have validations in place in the event that Gateway A doesn’t reject for some reason.