Common use of Messaging Components Clause in Contracts

Messaging Components. 10.1. The UKETRG market practice for portfolio transfer and re-registration and the Conversions Group market practice for conversions processing outline a number of scenarios for transfers between different parties. The scenarios from th ese market practice groups should be used, however many scenarios have common components and this SLA has been based on these individual components. For example, the scenarios for Fund Manager to Fund Manager, Fund Manager to Nominee and Customer to Nominee all use the same components, albeit with slightly different names. 10.2. Each scenario has been broken down into these standard message components, and for each of these message components that pass between two parties a service level has been specified. 10.3. Where in section 2.1 it refers to messages being sent and received by clients of "the same system", this is not intende d to be restricted to a single instance of a system and would capture messages sent between Participants using the same systems provider.

Messaging Components. 10.1. The UKETRG market practice for portfolio transfer and re-registration and the Conversions Group market practice for conversions processing outline a number of scenarios for transfers between different parties. The scenarios from th ese these market practice groups should be used, however many scenarios have common components and this SLA has been based on these individual components. For example, the scenarios for Fund Manager to Fund Manager, Fund Manager to Nominee and Customer to Nominee all use the same components, albeit with slightly different namesdifferentnames. 10.2. Each scenario has been broken down into these standard message components, and for each of these message components that pass between two parties a service level has been specified. 10.3. Where in section 2.1 it refers to messages being sent and received by clients of "the same system", this is not intende d intended to be restricted to a single instance of a system and would capture messages sent between Participants using the same systems provider.