ALERT: Special Scenario Logic
AKAS logic includes processes for predictable settlement scenarios that are not addressed purely by default depositories. This section covers the following scenarios:
Supranational Security
Table 2 lists the ALERT keys for supranational securities.
Table 2 Supranational Security Scenario
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Settlement Currency = USD or first two characters of ISIN = US and ISIN Starts with US0451, US4581, US4590, or US4595
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Settlement Currency = NULL and Traded Currency = US or first two characters of ISIN = US and
ISIN Starts with US0451, US4581, US4590, or US4595
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US
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(Normal derivation)
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TRY
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Settlement Currency = USD or first two characters of ISIN = US and ISIN does not start with US0451, US4581, US4590, or US4595
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Settlement Currency = NULL and Traded Currency = USD or first two characters of ISIN = US and
ISIN does not start with US0451, US4581, US4590, or US4595
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US
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(Normal derivation)
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COB
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Settlement Currency = EUR or ISIN Country Code = XS or Domicile Country code = LU
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Settlement Currency = NULL and Traded Currency = EUR
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EU
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(Normal derivation)
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COB
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Security Type Exceptions
Table 3 lists the ALERT keys when there are security type exceptions, except where noted.
Table 3 Security Type Exceptions Scenario
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Settlement Currency = USD *
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Settlement Currency = NULL and Traded Currency = USD *
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US
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(Normal derivation)
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EQU
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Settlement Currency = GBP *
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Settlement Currency = NULL and Traded Currency = GBP *
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GB
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(Normal derivation)
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EQU
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Settlement currency = HKD
and ISIN country = CN, KY, or BM *
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Settlement Currency = NULL, Traded Currency = HKD,
and ISIN country = CN, KY, or BM *
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HK
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(Normal derivation)
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EQU
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First two characters of ISIN = XS
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EUR
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(Normal derivation)
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COB
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Security Type = Municipal Bond
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None
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(Normal derivation)
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(Normal derivation)
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COB
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Security Type = TBA
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None
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(Normal derivation)
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FEDWIRE
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MBS
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| * And security type is not found. |
Depository Receipt
Table 4 lists the ALERT keys when the security type is a depository receipt.
Table 4 Depository Receipt Scenario
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Settlement Currency = USD
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Settlement Currency = NULL
and Traded Currency = USD
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US
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(Normal Derivation)
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ADR
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Settlement Currency = GBP
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Settlement Currency = NULL
and Traded Currency = GBP
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GB
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(Normal Derivation)
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GDR
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Settlement Currency = EUR
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Settlement Currency = NULL
and Traded Currency = EUR
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Country based on ISIN
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(Normal Derivation)
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GDR
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Settlement Currency ≠ USD,
GBP, or EUR
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Settlement Currency = NULL
and Traded Currency ≠ USD, GBP, or EUR
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Country based on ISIN
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(Normal Derivation)
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(Normal derivation)
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Country Has No Default Depository
Table 5 lists the ALERT keys when the country associated with a security identifier has no default depository.
Table 5 Country Has No Default Depository Scenarios
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Settlement Currency = USD
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Settlement Currency = NULL and Traded Currency = USD
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US
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(Normal derivation)
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(Normal derivation)
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Settlement Currency = GBP
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Settlement Currency = NULL and Traded Currency = GBP
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GB
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(Normal derivation)
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(Normal derivation)
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Security Identifier Type is an ISIN, SEDOL, or Neither
Table 6 lists the ALERT keys when the security identifier type is an ISIN or SEDOL or neither.
Table 6 Security Identifier Type is an ISIN, SEDOL, or Neither
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Security Identifier is an ISIN
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ISIN Country Code = XS
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None
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EU
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(Normal derivation)
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(Normal derivation)
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Security Identifier is a SEDOL
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Country Code for SEDOL is populated
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None
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Country Code associated with SEDOL
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(Normal derivation)
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(Normal derivation)
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Security Identifier is a SEDOL
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Country Code for SEDOL is NULL
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None
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Country Code associated with ISIN
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(Normal derivation)
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(Normal derivation)
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Security Identifier is not an ISIN or SEDOL
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None
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None
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Country Code associated with ISIN
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(Normal derivation)
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(Normal derivation)
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Security Identifier is not a SEDOL
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Settlement Currency = HKD and ISIN Country = CN, KY, or BM
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Settlement Currency = NULL, Traded Currency = HKD, and ISIN Country = CN, KY, or BM
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HK
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(Normal derivation)
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(Normal derivation)
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Security Identifier is a Specific ISIN with Other Conditions
Table 7 lists the ALERT keys when the security identifier is a specific ISIN in combination with different currencies, country codes, and currencies.
