ALERT: Working with a Future Effective Model

The future effective model functionality enables investment managers to efficiently manage custodian changes on an existing access code. This functionality ensures the BIA (broker internal account number) remains cross-referenced to the existing access code when the investment manager changes an account's global custodian.

Use the Set Future Effective SIC button on the Accounts > Settlement Instructions tab to add your existing custodian model and activate the model settlement instructions up to 90 days prior to the effective date of the custodian change.

Figure 1 Set Future Effective SIC Button

Figure 2 Future Effective Date Fields and Settlement Instructions

On the effective date, the future effective model and settlement instructions become current and the previous instructions are no longer visible.

Figure 3 Future Effective Date Current on Effective Date

Notes

This functionality is only available to investment managers. It is not available to users acting OBO an investment manager. You cannot edit the future effective settlement model name and date fields. To change the future effective model and/or date, delete it and apply a new future effective model and date.