RAD allows receivers to review and either approve or cancel incoming deliveries before they are processed. The receiver is the recipient of securities from the deliverer, often in exchange for payment.
You can route the following transaction types through RAD:
- Deliver orders (DOs)
- Payment orders (POs)
- Valued pledges
- ID deliveries
RAD Profiles
As a receiver, you can set up RAD profiles and limits to customize which of your transactions are routed to RAD. For example, you may route equity, MMI, corporate/muni bonds, and stock loan deliver orders.
Note: RAD profiles are for receivers only.
Example:
Free deliveries coming into a receiver’s account bypass RAD. A client however sets up their RAD profile so that all free receives require a RAD approval.
For more information:
- The Settlement Web Help. Refer to Receiver Authorized Delivery (RAD)