Holder Initiated Instruction

From Open Risk Manual

Definition

Holder Initiated Instruction. A message being an instruction by the holder of some security, made not in response to come choice offered by the issuer, but made on the holder's own initiative.

This is a general category of message. Note that there is one kind of message of this type in the original SWIFT-derived list of event message types, however it is assumed there must be others.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.