ALERT: AKAS Overview

ALERT Key Auto Select (AKAS) functionality allows for enrichment of CTM trades with preferred SSIs for broker/dealers and investment managers. AKAS enables enrichment of SSIs without requiring ALERT key field (Country, Security, and Method) population on inbound transactions to CTM. It uses trade information to derive country and security type for a transaction and determine the default depository. Settlements for each security type and geography are made into and out of a single preferred depository for each account.

With AKAS, clients no longer run the risk of overly long settlement cycles caused by misinformation from one or both parties to a trade. Instead, AKAS uses a rules-based approach to select a default depository. In addition, clients can override the standard default choices as needed.

For more information refer to the ALERT Key Auto Select (AKAS) Implementation Guide.

How to Take Advantage of AKAS Benefits

Since AKAS leverages both the ALERT platform and the CTM service for investment managers and brokers, some configuration steps are required.

Services

To use AKAS, the following services are required:

• CTM—Direct XML event-push or query-response.
• ALERT—ALERT web interface to override default ALERT keys.

Organization Types

AKAS supports both investment managers and broker/dealers. On-behalf-of (OBO) functionality is unaffected by the new feature and continues to work in its current state.

Subscriptions and Prerequisites

DTCC requires subscriptions to use ALERT Key Auto Select (AKAS).

Your CTM org requires the following subscriptions:

• ALERT SSI
• AKAS CTM Retrieval

Your ALERT org requires the following subscriptions:

• ALERT Keys Auto Select
• ALERT—ALERT Web

To align the AKAS feature with your business requirements, DTCC also offers the following subscription options:

• AKA1 Subscription Option
• AKAS Hardwired (HWIR) Override Subscription Option

Every organization has its own business requirements in relation to required subscriptions, options, and other configuration components. Check with your Product Administrator to ensure that your organizational setup conforms to the AKAS requirements.

Roles

The following roles associated with the new subscription are also required for ALERT User Interface clients to create default overrides:

• AKAS Rules Read
• AKAS Rules Write