ALERT Key Auto Select (AKAS) functionality enables rules-based enrichment of CTM trades with preferred SSIs sourced from the ALERT platform.
AKAS uses trade information to derive the country and security type for a transaction and determine the default depository. Clients can override default choices and indicate settlement location preferences enabling settlement for each security type and geography to be made into and out of a single preferred depository for each account. This functionality is available to both broker/dealers and investment managers and can be applied at the CTM organization-level (CTM BIC) or on a trade-by-trade basis.
Below you will find a number of articles providing further details about how AKAS works, the path to implement including requirements, how to set up override rules and sample message formats.