Documentation for Financial products Markup Language (FpML®)
Definition Type: ComplexType
Name: SettlementInstruction
Namespace: http://www.fpml.org/2007/FpML-4-4
Containing Schema: fpml-shared-4-4.xsd
Abstract
Documentation:
A type that models a complete instruction for settling a currency payment, including the settlement method to be used, the correspondent bank, any intermediary banks and the ultimate beneficary.
Collapse XSD Schema Diagram:
Drilldown into splitSettlement in schema fpml-shared-4-4_xsd Drilldown into depositoryPartyReference in schema fpml-shared-4-4_xsd Drilldown into beneficiary in schema fpml-shared-4-4_xsd Drilldown into beneficiaryBank in schema fpml-shared-4-4_xsd Drilldown into intermediaryInformation in schema fpml-shared-4-4_xsd Drilldown into correspondentInformation in schema fpml-shared-4-4_xsd Drilldown into settlementMethod in schema fpml-shared-4-4_xsdXSD Diagram of SettlementInstruction in schema fpml-shared-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:complexType name="SettlementInstruction">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">A type that models a complete instruction for settling a currency payment, including the settlement method to be used, the correspondent bank, any intermediary banks and the ultimate beneficary.</xsd:documentation>
    </xsd:annotation>
    <xsd:sequence>
        <xsd:element name="settlementMethod" type="SettlementMethod" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The mechanism by which settlement is to be made. The scheme of domain values will include standard mechanisms such as CLS, Fedwire, Chips ABA, Chips UID, SWIFT, CHAPS and DDA.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="correspondentInformation" type="CorrespondentInformation" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The information required to identify the correspondent bank that will make delivery of the funds on the paying bank's behalf in the country where the payment is to be made</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="intermediaryInformation" type="IntermediaryInformation" minOccurs="0" maxOccurs="unbounded">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Information to identify an intermediary through which payment will be made by the correspondent bank to the ultimate beneficiary of the funds.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="beneficiaryBank" type="Beneficiary" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The bank that acts for the ultimate beneficiary of the funds in receiving payments.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="beneficiary" type="Beneficiary">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The ultimate beneficiary of the funds. The beneficiary can be identified either by an account at the beneficiaryBank (qv) or by explicit routingInformation. This element provides for the latter.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="depositoryPartyReference" type="PartyReference" minOccurs="0">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Reference to the depository of the settlement.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
        <xsd:element name="splitSettlement" type="SplitSettlement" minOccurs="0" maxOccurs="unbounded">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The set of individual payments that are to be made when a currency payment settling a trade needs to be split between a number of ultimate beneficiaries. Each split payment may need to have its own routing information.</xsd:documentation>
            </xsd:annotation>
        </xsd:element>
    </xsd:sequence>
</xsd:complexType>
Collapse Child Elements:
Name Type Min Occurs Max Occurs
settlementMethod fpml:settlementMethod 0 (1)
correspondentInformation fpml:correspondentInformation 0 (1)
intermediaryInformation fpml:intermediaryInformation 0 unbounded
beneficiaryBank fpml:beneficiaryBank 0 (1)
beneficiary fpml:beneficiary (1) (1)
depositoryPartyReference fpml:depositoryPartyReference 0 (1)
splitSettlement fpml:splitSettlement 0 unbounded
Collapse Derivation Tree:
Collapse References:
fpml:settlementInstruction
Documentation for Financial products Markup Language (FpML®)

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