Types of Settlement Instructions
Most settlement instructions use the same fields, field labels, and validations. However, there are differences depending on the security type group (Security Type Groups table). There are two standard types of settlement instructions:
Securities in the Equity, Corporate Fixed Income, Government Fixed Income, Money Market, and Unspecified security type group
Within this category, settlement instructions differ slightly for:
- CASH
- CEDEL
- EURO CLEAR
- PHYSICAL
- UNIVERSAL
- Countries That Have Market-Specific Methods
Securities in the Equity, Corporate Fixed Income, Government Fixed Income, Money Market, and Unspecified security type groups
Within this category, settlement instructions differ slightly for:
- Fedwire
- US and CASH method
- GB and CASH method
- CLS method