ALERT: Settlement Models

Overview

A settlement model is a set of settlement instructions, with each settlement instruction defined as a country, method (usually a depository), and security. Each model has an owner and a name—typically a global custodian's name. The data is not account-specific. You have access to the following model types:

  • Investment manager models: When you maintain a model, you define the generic model-level instructions, attach the model to different accounts, and then add account-specific instructions.
  • Global custodian models: When a global custodian maintains their instructions on your behalf, the model-level instructions are view-only. You attach the global custodian's model to your accounts and then add account-specific instructions.
  • Broker/Dealer models: Broker dealer models contain settlement instructions specific to a broker/dealer. Broker/dealer models are read-only.

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Locating Models and Settlement Instructions

By default, the ALERT® service inserts your own acronym in the Settlement Model Owner field. If a global custodian is maintaining the settlement model, you can enter or search for the custodian's web acronym.

  1. Select the Models tab.
  2. Select a settlement model from the Settlement Model Name field, which ALERT populates with all models that the specified acronym owns.
  3. Use the Filter by fields to refine the search using any combination of country, method, and security.

  4. Click Search.

    ALERT displays the settlement instructions that match your search criteria. Click the columns to sort the list accordingly.

  5. Click a country name to open a settlement instruction.

Managing Models

Model management tasks include creating, renaming, and deleting, and maintaining models. You can rename a model that your acronym owns. You can delete a model that your acronym owns when it has no associated settlement instructions.

  1. Click Create New Model.
  2. Enter a unique model name on the dialog that appears.
  3. Click Save.

    A message confirms the change.

  4. Click OK.

    The model name appears in the Settlement Model Name list.

  5. Click Create SI to add model settlement instructions to the new model.
  1. Select a model from the Settlement Model Name field.
  2. Click Rename Model
  3. Enter the new model name on the dialog that appears.
  4. Click Save.
  5. Click Yes on the confirmation dialog that appears.

    A message confirms the change on the Models page.

  1. Select a model from the Settlement Model Name field.
  2. Click Delete Model Name.
  3. Click OK on the dialog that appears.

Managing Model Settlement Instructions

When working with models that you maintain, you can create, modify, delete and deactivate model-level settlement instructions for models that you maintain. When you select a settlement model, all existing instructions for that model appear in the list.

Model-level settlement instructions contain generic institution and account details that you can apply to multiple accounts. The screens for creating and editing model-level settlement instructions contain the same fields. When working with models that a global custodian maintains, instructions are read-only.

  1. Select the model for which you want to create instructions.
  2. Click Search.
  3. Click Create SI.

    The Create Settlement Instruction for Model screen opens.

  4. Select a unique combination of country, security, and method from the respective drop-down lists and click OK.

    The Create Settlement Instruction editor appears with the PSET pre-populated from the depository selection.

  5. Define model-level instructions on the editor that appears according to the required fields in a given market. See the Data Dictionary for details on all fields.
  6. For applicable BIC fields, either enter the BIC or search for it:
  7. Click Save.

    The ALERT platform checks that your instructions meet the market's syntax requirements.

  8. Correct any validation errors and click OK.

    The settlement instruction appears in the Total Model SI Found section.

  1. Click a settlement instruction in the Country list in the Total Model SI Found section.
  2. Edit the instructions on the Edit Settlement Instruction editor that appears. See the Data Dictionary for details on all fields.
  3. Click Save.
  1. Select a settlement instruction from the Search and Maintain Models page.
  2. Click Copy SI.
  3. In the Create Settlement Instruction for Access Code dialog box, select a unique country, method, and security combination.
  4. Edit the settlement instruction to suit your business needs.
  5. Click Save.
  1. Select the settlement instructions to delete from Model SI Found section.
  2. Click Delete SI.
  3. Click Yes on the confirmation message that appears to delete the instructions.
  1. Click Delete/Deactivate.
  2. Click Yes on the confirmation message that appears to delete the instruction.