ALERT: Standing Settlement Instruction Fields

The membership ID of the clearing agent at the depository.

It is also referred to as the local market code identifier, such as the DTC participant number, or a CHESS PID number other than a BIC. You complete it for certain countries according to Securities Market Practice Group (SMPG) recommended guidelines.

The name of this field changes to the relevant name for the local identifier when selecting certain methods.

For US-DTC settlement instructions, ID1 (DTC#) is required and validated against DTC master files.

For Security SSIs, this is the account number at the local agent.

For two levels of clearing, this is the global custodian’s account number at the custodian/subagent. If there is an intermediary, this is the intermediary’s account number at the sub-custodian/subagent/local agent.

SWIFT uses the following labels to identify the parties:

• RECU/DECU = Global custodian
• REAG/DEAG = Subcustodian/subagent/local agent
• REI1/DEI1 = Intermediary

For Cash SSIs, this is the account number at the receiving agent—the first party in the chain to receive cash.

The second 35 characters of the fund/account name associated with the safekeeping or security account at the global custodian.

For one level of clearing, the custodian, who acts as the agent, is referred to and appears in the Subagent data section. For two levels of clearing, the global custodian appears in the Custodian section, with the subcustodian’s information appearing in the Local Agent section.

SWIFT uses the following labels to identify the parties:

• RECU/DECU = Global custodian
• REAG/DEAF = Subcustodian/subagent/local agent
• BUYR/SELL - Investment Manager

The alternate cash account number of the fund, which the next party in the settlement chain gives to it.

For one level of clearing, the custodian, who acts as the agent, is referred to and appears in the Subagent data section. For two levels of clearing, the global custodian should appear in the Custodian section, with the subcustodian’s information appearing in the Local Agent section.

SWIFT uses the following labels to identify the parties:

• RECU/DECU = Global custodian
• REAG/DEAG = Subcustodian/subagent/local agent
• BUYR/SELL = Investment manager

This field is only for Security SSIs. Do not populate. it for Cash SSIS. It is the cash account number of the fund that the next party in the settlement chain gives to it.

For one level of clearing, the subcustodian, who acts as the agent, is referred to and appears in the Subagent data section. For two levels of clearing, the global custodian should appear in the Custodian section, with the subcustodian’s information appearing in the local agent section.

SWIFT uses the following labels to identify the parties:

• BUYR/SELL = Investment manager
• REAG/DEAG = Subcustodian/subagent/local agent
• RECU/DECU = Global custodian

When the Correspondent Relationship field is set to Correspondent (C), these are the second 35 characters of the cash correspondent bank’s street.

The global custodian chooses a cash correspondent bank when it does not clear cash through the subcustodian. SWIFT refers to the cash correspondent bank as ACCW.

When the Correspondent Relationship Field is set to Subagent (S), these are the second 35 characters of the first intermediary’s street. SWIFT refers to the first intermediary as RE1/DE1.

Only uses this field if the Correspondent Relationship field is set to Correspondent (C).

In this case, it is the global custodian’s cash account number at the cash correspondent bank. The global custodian chooses the cash correspondent bank when it does not clear cash through the subcustodian.

For foreign exchange instructions, this field contains the beneficiary’s account number at the intermediary (when three parties are involved). SWIFT refers to the cash correspondent bank as ACCW, and to the global custodian as RECU/DECU.

When the Correspondent Relationship field is set to Correspondent (C), this is the cash correspondent bank’s country.

The global custodian chooses the cash correspondent bank when it does not clear cash through the subcustodian. SWIFT refers to the cash correspondent bank as ACCW.

When the Correspondent Relationship field is set to Subcustodian (S), this is the first intermediary’s state or province. SWIFT refers to the first intermediary as REI1/DEI1.

When the Correspondent Relationship field is set to Correspondent (C), these are the first 35 characters of the cash correspondent bank’s name.

The global custodian chooses the cash correspondent bank when it does not clear cash through the subcustodian. SWIFT refers to the cash correspondent bank as ACCW.

When the Correspondent Relationship field is set to Subagent (S), these are the first 35 characters of the first intermediary’s name. SWIFT refers to the first intermediary as REI1/DEI1.

When the Correspondent Relationship field is set to Correspondent (C), this is the cash correspondent bank’s zip code, postal code, or equivalent.

The global custodian chooses the cash correspondent bank when it does not clear cash through the subcustodian. SWIFT refers to the cash correspondent bank as ACCW.

Use only if the Correspondent Relationship field is set to Subagent (S).

For three levels of clearing, this is the security account number of the global custodian with their intermediary.

SWIFT refers to the first intermediary as REI1/DEI1.

SWIFT refers to the subcustodian/subagent or clearing agent as the REAG/DEAG.

The second 35 characters of the global custodian bank’s street.

SWIFT refers to the global custodian as the RECU/DECU or BENM.

For one level of clearing, leave the global custodian information blank. In this scenario, the subagent is the same entity as the global custodian; therefore, you enter ALERT data only in the Local Agent fields

The global custodian bank’s city.

SWIFT refers to the global custodian as RECU/DECU or BENM.

For one level of clearing, leave the global custodian information blank. In this scenario, the subagent is the same entity as the global custodian; therefore, you enter ALERT data only in the Local Agent fields.

The global custodian bank’s state or province.

SWIFT refers to the global custodian as RECU/DECU or BENM.

For one level of clearing, leave the global custodian information blank. In this scenario, the subagent is the same entity as the global custodian; therefore, you enter ALERT data only in the Local Agent fields.

The second 35 characters of the global custodian bank’s name.

SWIFT refers to the global custodian as RECU/DECU or BENM.

For one level of clearing, leave the global custodian information blank. In this scenario, the subagent is the same entity as the global custodian; therefore, you enter ALERT data only in the Local Agent fields .

Another means of identification that a depository uses, such as a DTC Agent ID number or a CHESS HIN number.

The name of this field changes to the relevant name for the local identifier when selecting certain methods.

For US-DTC settlement instructions, IS 2 (Agent ID) is required and validated against DTC master files.

Another means of identification that a depository can use.

Only applicable in settlement instructions for India and Brazil when the method is one of the following:

• Central Depository Services Ltd. (INCSD)
• National Securities Depository Ltd. (NSDL)
• The Reserve Bank of India (RBI)
• Companhia Brasilieira de Liquidacao e Custodia (BOVESPA)

This field is not available if you use DTD version 6 or less.

The first interested party’s BIC when using the DTC as the clearing method.

The DTC uses this to send trade confirmations.

The first interested party’s ID when DTC is used as the clearing method.

The DTC uses this to send trade confirmations.

The first interested party’s phone number when using the DTC as the clearing method.

The DTC uses this to send trade confirmations.

The first interested party’s additional special instructions when using the DTC as the clearing method.

The DTC uses this to send trade confirmations.

The second interested party’s BIC when using the DTC as the clearing method.

The DTC uses this to send trade confirmations.

The second interested party’s ID when using DTC as the clearing method.

The DTC uses this to send trade confirmations.

You can also use the Interested Party 2 BIC and Interested Party 3 Name fields to specify the party to whom DTCC should send MT54X messages if the following conditions are true:

• You are using DTCC settlement notification
• This is a different party from the party specified in the Custodian BIC field or the Local Agent BIC field.

The second interested party’s phone number when using DTC as the clearing method.

The DTC uses this to send trade confirmations.

The second interested party’s additional special instructions when using DTC as the clearing method.

The DTC uses this to send trade confirmations.

The third interested party’s BIC when using DTC as the clearing method.

The DTC uses this to send trade confirmations.

You can also use the Interested Party 3 BIC and Interested Party 3 Name fields to specify the party to whom DTCC should send MT54X messages, if the following are true:

• The investment manager is using DTCC settlement notification.
• This is a different party from the party specified in the Custodian BIC field or the Local Agent BIC field.

In this case, leave all Interested Party 3 fields (other than BIC and Name) blank.

The third interested party’s ID when using DTC as the clearing method.

The DTC uses this to send trade confirmations.

You can also use the Interested Party 3 BIC and Interested Party 3 Name fields to specify the party to whom DTCC should send MT54X messages, if the following are true:

• The investment manager is using DTCC settlement notification.
• This is a different party from the party specified in the Custodian BIC field or the Local Agent BIC field.

In this case, leave all Interested Party 3 fields (other than BIC and Name) blank.

The third interested party’s phone number when using DTC as the clearing method.

The DTC uses this to send trade confirmations.

You can also use the Interested Party 3 BIC and Interested Party 3 Name fields to specify the party to whom DTCC should send MT54X messages, if the following are true:

• The investment manager is using DTCC settlement notification.
• This is a different party from the party specified in the Custodian BIC field or the Local Agent BIC field.

In this case, leave all Interested Party 3 fields (other than BIC and Name) blank.

The third interested party’s additional special instructions when using DTC as the clearing method.

The DTC uses this to send trade confirmations.

The second 35 characters of the name of the member/participant in ID1.

SWIFT refers to this as READ/DEAG.

The central depository’s BIC. SWIFT refers to this as the PSET.

Per SMPG, use the stock exchange BIC when no CSD exists in a market. Use Country Code only for physical settlements.

Country Code is the same as the country in the Country-Security-Method combination, but must be in the ISO country format.

The first 35 characters of the beneficial owner's street.

It is part of the post-settlement process and is utilized when the subcustodian is settling securities in physical form. SWIFT refers to the subcustodian as the REAG/DEAG .

The beneficial owner's country.

It is part of the post-settlement process and is utilized when the subcustodian is settling securities in physical form. SWIFT refers to the subcustodian as the REAG/DEAG .

The beneficial owner name of the securities held at the depository when omnibus accounts are not permitted or used.

It is part of the post-settlement process and is utilized when the subcustodian is settling securities in physical form. SWIFT refers to the subcustodian as the REAG/DEAG .

The name of the contact at the subcustodian (one level of clearing) or at the global custodian (two or more levels of clearing).

SWIFT refers to the subcustodian is known as the REAG/DEAG. SWIFT refers to the global custodian is known as the RECU/DECU.

Special instructions related to the settlement contact from the Settlement Contact and Settlement Phone fields.

You can also use this for any other miscellaneous information relating to the settlement not entered elsewhere in the instruction.

The first 35 characters of the account name of the entity that has the account at the local agent.

For one level of clearing, leave the global custodian information blank.

For two levels of clearing, it is the name of the global custodian’s account at the subcustodian/subagent. If there is an intermediary, it is the intermediary’s account at the subcustodian/subagent.

SWIFT refers to the global custodian as the RECU/DECU. SWIFT refers to the subcustodian/subagent/local agent as REAG/DEAG. SWIFT refers to the intermediary as REI1/DEI1.

The first 35 characters of the local agent’s street. It is the entity that settles the transaction at the depository.

SWIFT refers to the local agent as REAG/DEAG.

Always populate key subagent information, because this is the entity that settles the transaction at the depository.

The local agent’s BIC. It is the entity that settles the transaction at the depository.

SWIFT refers to the local agent as REAG/DEAG.

Always populate key subagent information, because this is the entity that settles the transaction at the depository.

The clearing agent’s country. This is the entity that settles the transaction at the depository.

SWIFT refers to the clearing agent as READ/DEAG.

Always populate key subagent information, because this is the entity that settles the transaction at the depository.

The first 35 characters of the local agent’s name.

This is the entity that settles the transaction at the depository. SWIFT refers to the local agent as REAG/DEAG.

Always populate key subagent information, because this is the entity that settles the transaction at the depository.