Yes, the same US Settlement Instructions from ALERT will be enriched on allocations in CTM. For OTM clients moving to CTM, US SSIs in ALERT will be leveraged to send the trade from CTM into TradeSuite ID. The investment manager, or preferably their Global Custodian, needs to provide US SSIs following the ALERT Best Practices for US. Likewise, the broker must setup broker delivery instructions in ALERT following best practices. If they aren’t currently leveraging ALERT enrichment in CTM, they should review how ALERT Key Auto Select(AKAS) can facilitate the process
Will the same ALERT SSI’s enrichment for OASYS-TradeMatch occur with CTM?
- Category: US Trades on CTM - IM FAQs