inSITE: Profiles
The inSITE™ service allows broker/ dealers to upload disclosure agreements and associate them with enrichment profiles.
The Profile Enrichment Examples section contains more information on profiles, including a discussion of enrichment rules and profile enrichment examples.
Profiles define the enrichment criteria used in the CTM® or TradeSuite ID® service to associate a disclosure document with the appropriate trade. Profiles can be defined using system-defined or user-defined criteria.
System-defined criteria use standard trade data fields such as Asset Class, Security Type, and Settlement Locations to establish relationships with the appropriate disclosure document. Using the standard system-defined fields along with Broker Id and Trade Date, a profile establishes relationships for an uploaded disclosure document.
The broker can choose to override the standard trade data fields by providing a user-defined disclosure code with each trade. User-Defined Disclosure Code is an optional field in the CTM and TradeSuite ID services, which a broker/dealer can use to associate a disclosure document with a trade. Use of this field requires the broker to provide a value to update trades in the CTM or TradeSuite ID service.
A profile establishes relationships with the appropriate disclosure document. When a trade provides a User-Defined Disclosure Code, the user-defined criteria overrides system-defined criteria to establish relationships for an uploaded disclosure document.
Profiles can be a mixture of both system-enriched criteria and user-defined criteria as required to support a given set of disclosure documents for a broker ID.
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The cut-off time is 6:00 PM (US Eastern time) each business day for adding or deactivating document enrichment profiles for next day effectiveness. The CTM or TradeSuite ID service updates all inSITE user profile activity on a daily basis at the end of each processing day. The CTM or TradeSuite ID service then processes these changes during the night cycle, and they become effective the next trade processing day. Profile updates submitted to the DTCC host after the 6:00 PM ET (Eastern Time) cut-off cannot take effect the next day; the profile must be adjusted to take effect the following business day.
The inSITE service allows you to upload disclosure documents and establish profiles for future use and enrichment. This functionality is called future effective date processing.
Future effective date processing allows you to identify a trade date in the future when enrichment begins. This functionality permits original trade confirms processed on a given trade date to contain disclosure enrichment at the start of the trading day.
The default is the next effective business trade date.
Same-day or immediate enrichment is not allowed because trade confirms submitted for a trading day prior to a profile submission would not be enriched with a URL and disclosure reference number, while those submitted after profile submission would be.
Disclosure enrichment profiles cannot be established with past effective dates. From a regulatory and compliance perspective, this rule prevents you from submitting future disclosure documents that were not actually or officially in effect at the time, mitigating risk and miscommunication of actual disclosure information.
It is important to establish accurate enrichment profiles for a given disclosure document before activation. DTCC recommends using the Maker/Checker functionality as a check and balance, as well as for satisfactory performance testing.