Pre-trade enrichment

The Central Securities Depositories Regulation’s (CSDR) Settlement Disciplinary Regime (SDR) is expected to impose new measures to prevent settlement failure, such as cash penalties and mandatory buy-ins.

Inaccurate or incomplete standing settlement instructions (SSIs) are the biggest source of settlement failures, most of which result from firms still using manual processes for either the management or communication of SSIs. Even when trades don’t fail, poor data quality resulting from these manual processes can create unnecessary downstream issues and an increase in cybersecurity risk. 

Improving automation by leveraging DTCC’s ALERT® platform, the industry’s largest database of golden source account and SSIs, enhances operations, frees personnel to perform more valuable tasks, increases data quality and reduces risk. By further adopting an optimal custodian managed SSI model through ALERT’s Global Custodian Direct (GCD) workflow, SSIs can be managed directly by the custodian or prime broker ensuring consistent access to the most accurate and complete SSIs. Nine global custodians are already live with GCD, and DTCC is working with the industry to expand this coverage by onboarding additional large global custodians and developing tools such as ALERT Global Custodian Web (GC Web) to assist smaller global custodians that are not able to build a direct connection to ALERT GCD.

Additionally, trades in DTCC’s CTM™ platform can be enriched directly with SSIs from ALERT and clients can upgrade their ALERT enrichment capabilities by accessing our ALERT Key Auto Select (AKAS) functionality, a seamless (and free) rules-based enrichment of CTM trades eliminating the need to provide ALERT Keys as part of the trade information.

To learn more visit us at www.dtcc.com/alert.

« Back to “How to prevent CSDR penalties”

© 2021 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST