Overview of Market/Business Rules Information

ALERT is the industry’s largest global database for the maintenance of standing settlement and account instructions. It enables investment managers, broker/dealers, and custodian banks to transmit complete, automated account and settlement instructions between counterparties, using standardized formats.

When you and your counterparties adhere to these market/business rules information for specific countries, depositories, and asset types, ALERT facilitates successful settlement messages through SWIFT or other means.

When there is no PSET BIC available for a market, you can use the UNIVERSAL method.

This market/business rule information help system provides recommendations for how you should populate ALERT fields to ensure that settlement messages are successfully enriched with your ALERT data.