Collateral SSI Best Practices

This section covers the best practices for collateral SSIs within the ALERT^® service.

Global Custodian/Final Beneficiary/Executing Broker BIC Requirement

Regardless of a country’s clearing requirements, always populate the Global Custodian/Final Beneficiary/Executing Broker BIC when entering settlement instructions.

DTC Pledge Arrangement with Federal Reserve Bank of New York

A Depository Trust Company (DTC) Pledge Arrangement pledges securities held through DTC to the Federal Reserve Bank of New York (FRBN). To leverage this arrangement, enter the following Country-Method-Security combination and relevant settlement instruction details on the Alternative Instructions page on ALERT Web: US-TRY-DTC.

Collateral SSI Setup

There are two ways to set up collateral SSIs in the ALERT service:

• Collateral SSIs: set up on the Alternative Instructions tab, enabling you to define additional collateral-specific keys
• Trade SSIs: set up on the Settlement Instructions tab

Note

Depending on the GC Direct setup, custodian SSIs that you leverage using the GC Direct workflow may appear under either tab on ALERT Web. DTCC recommends you coordinate with your custodian.

Collateral SSI Decision Tree

There are multiple factors to consider when setting up collateral SSIs.