ISO 20022: Citi Mini Series & Reference Guide Part 3

3 | Treasury and Trade Solutions Message Groups: Account Management What is the Account Management message group? The message group Account Management (acmt) supports the administration of account-based activities, such as the opening and maintenance of an account. It contains message definitions for the application areas Investment Funds, Bank Account Management and Modification Advice and Verification Identification. acmt message types acmt.007 This message is sent from an organisation to a financial institution as part of the account opening process acmt.010 This message is sent from a financial institution to an organisation in response to a acmt.007 If it is valid acmt.011 This message is sent from a financial institution to an organisation in response to a acmt.007, if the business content is not valid acmt.015 This message is sent from an organisation to a financial institution to update an account as part of the account maintenance process acmt.019 This message is sent from an organisation to a financial institution as part of the account closing process acmt.025 This message is a query message with specification of requested accounts, and requested characteristics acmt.026 This message is sent in response to a query message, and contains the list of requested accounts, with requested characteristics Message Flow Scenario 1 — Account Opening — A client or a customer wants to open an account with a financial institution and initiates a request. In response, the financial institution sends an acknowledgement of receipt. Scenario 2 — Query of account information — A financial institution wants to get a list of requested accounts from the clearing house as part of the account management process. In response, the Clearing house sends the message with the list of requested accounts or characteristics. acmt.010 acmt.007 A acmt.026 acmt.025 A Party Query Clearing A Agent Banks Party Account Opening Client A Agent Banks