The Settlement Instruction Request message is used to request standing settlement instructions from another party. This could be:

• A buyside firm requesting standing instructions from a sellside firm.
• A sellside firm requesting standing instructions from a buyside firm.
• A sellside or buyside firm requesting standing instructions from a third party central static data database.
• A third party central static data database requesting standing instructions from a sellside or buyside firm.

Settlement instructions can be requested for any combination of the following parameters (in addition to the party whose instructions are being requested):

• AllocAccount (79)
• Country (421) (of settlement)
• Side (54)
• SecurityType (167) (and/or CFI code)
• SettlCurrency (120)
• SettlDeliveryType (172) (i.e. DVP vs. FOP)
• EffectiveTime (168) (i.e. all instructions valid at any time from this date/time)
• Expiry Time (i.e. all instructions valid until this date/time)
• Last update time (i.e. all instructions created or updated since this date/time)

Alternatively, settlement instructions can be queried by reference to a database of standing instructions using the identifiers of that database as follows:

• Database id
• Database name
• Id of the settlement instructions on this database

The response to such a request should be a Settlement Instruction message with SettlInstTransType (163) "New" containing all SSIs meeting the criteria specified in the Settlement Instruction request. If the request cannot be processed, the request should be rejected with a Settlement Instruction message with SettlInstTransType (163) "Request rejected". Similarly, if the request returns no data, the request should be rejected with a Settlement Instruction message with SettlInstTransType (163) "No matching data found".