The Settlement Web provides the ability to monitor transaction activity and research daily position balances at the account and entity level.
Typical activities are deliver orders, payment orders, stock loans, pledge inputs and releases, and reclaims of these activities. All activities carry with them Activity codes which describe a DTC service such as deliver orders.
The Activity code that identifies and tracks deliver orders is Activity Code “26.”
You can verify the status of deliver orders, payment orders, stock/loan, pledges, and other activities involving securities in the Activity Inquiry option. This option allows you to search across activities by deliverer or receiver, activity type, sub activity, free or valued transactions, Reason codes, MA/NA, and reclaim fields. Any searches may be saved and reused by accessing them on the Settlement Web Dashboard. Eligible transactions may also be canceled or reclaimed using command processing in the Data Grid.
Several views of client security position are available.
- Position Inquiry – displays your current and historical position for a DTC-eligible security across activity categories (such as pledged, segregated, and stock loan/repo shares to name a few).
- Participant Activity Research Tool – shows daily shares/face value across all counterparties or a breakdown of one counterparty. This aggregated view allows research at the account and entity level by activity and asset type. A Collateral Loan search allows you to look up the prior day’s closing balances, market value, and outstanding loan details for any open pledges at your firm. A Journal History option provides a list of historical journal accounts at the CUSIP or date level. Journal entries are DTC Operations’ manually generated entries (usually a one-sided entry) done to balance accounts.
Note: It is the sole responsibility of DTC clients to perform a daily reconciliation of their activity and positions with the information, reports and statements provided by DTC.
A client submitted a stock loan request utilizing the Deliver Order Input function. To check the status of the stock loan position they will use the Position Inquiry function.
What is a Reason Code?
A Reason code defines the movement of shares or monies. Reason codes are used for processing, record-keeping, and for client reconciliation. Any time a client inputs a DO, PO, or collateral loan, a reason is indicated.
There can be several reasons for a DO: a delivery versus payment Reason code “30” defines the action or movement of shares against payment, whereas Reason code “40” defines the action or movement of shares with no payment.
When doing an audit to compare to your internal records, you can sort by Reason codes to insure our system will match your records. Reason codes are also useful in the identification of DKs (don’t knows).
A client makes a stock loan using the correct Reason code of “10.” If a distribution becomes payable, the client will receive this allocation.
For more information:
Settlement Web Help
. Refer to the Activity Inquiry, Participant Activity Research Tool, and the Position Inquiry sections.