Countries with Market-Specific Settlement Validation Methods

Introduction

In addition to the standard settlement instructions, some countries have market-specific instructions for clearing securities in the equity, corporate fixed income, government fixed income, money market, and other security type groups. The fields and validations are the same as the standard instructions (Equity, Fixed Income, Money Market and Unspecified Security Types) except as noted.

Note
ALERT also supports market-specific clearing houses for these derivative securities: CFD, EFU, and ETO. When you select one of these securities, the validation rules and some field labels are different. See Settlement Instructions: Equity, Fixed Income, Money Market, and Unspecified

As with standard instructions, you must provide:

  • PSET
  • A/C# @ Global Custodian (investment manager and global custodian account-specific instructions only)

You must also provide one or more of the following for the clearing agent at the depository:

  • A/C# @ Depository (ID 1)
  • Local Agent BIC
  • Sub Agent Name
  • A/C# @ Local Agent
  • Custodian BIC

Some markets have the same requirements for clearing agent as the standard instructions A/C# @ Depository (ID 1) or Local Agent BIC —or Sub Agent Name 1 and Custodian BIC. Unspecified have market-specific requirements. For a list of market-specific validation rules in ALERT, see the following tables.

Note
The validation rules in this section are defined for investment managers. In general, these rules apply to broker/dealers as well, except the AC# @ Local Agent, AC# @ Depository (ID1), ID2, and ID3 requirements. Unique requirements for a country-method are defined in the Notes column for a specific country.
Note

Key to securities columns:

  • EQU=Equities
  • Copr FI =Corporate Fixed Income
  • Govt FI=Government Fixed Income
  • MM=Money Market
  • UNSP = Unspecified

The following countries have market-specific methods: