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The industry’s largest and most compliant web-based global database for the maintenance and communication of account and standing settlement instructions (SSI)

  • About

    The ALERT platform is the industry’s largest and most compliant online global database for the maintenance and communication of account and standing settlement instructions (SSIs). ALERT enables a community of investment managers, brokers-dealers, custodian banks and prime brokers to share accurate account and SSI automatically worldwide.

  • Benefits

    • Ensure complete automated communication of account and settlement instructions by connecting to the world’s largest community of SSI database subscribers
    • Lower costs and streamline trade processing through the automated enrichment of SSI and account information
    • Stay ahead of fast changing industry standard rules with real-time data validation against the latest industry standards
    • Take advantage of ALERT’s extensive asset class coverage which includes Exchange Traded Derivatives, Foreign Exchange instruments, and Collateral Margin Call instructions
    • Increase data quality by establishing multiple levels of authorization for creating and updating settlement instructions

  • Who Can Use the Service

    ALERT for the Buy Side

    ALERT allows our buy-side clients to set up or edit accounts and maintain the SSIs associated with those accounts. To maintain your SSIs, you can either link your accounts to a set of existing instructions via the “model” process, or SSI maintenance can be handled by Global Custodian (GC) Direct enabled global custodians and prime brokers. Account access can be restricted to only those broker-dealers with whom you actively trade, and your permissioned broker-dealers are notified of your instruction changes by the electronic Alerting process within ALERT. You can also retrieve broker-dealer SSIs online when needed.

    ALERT for the Sell Side

    ALERT helps to facilitate the communication of a wide range of settlement instructions to our sell-side clients. You receive updates to settlement instructions from the buy- side via the electronic Alerting process within ALERT. You can also retrieve settlement instructions on a trade-by-trade basis through enrichment within the Institutional Trade Processing (ITP) service suite. To further expedite processing, broker internal account numbers (BIAs) can be cross-referenced with buy-side accounts which ensures you retrieve alerts that pertain to your specific accounts.

    ALERT for Custodian Banks and Prime Brokers

    With ALERT GC Direct, custodian banks and prime brokers can electronically manage settlement instructions through ALERT on behalf of their buy-side clients. This enhanced custodian and prime broker access enables them to become the owner and maintainer of SSIs using dedicated ISO 20022 compliant messages. The automated exchange of SSIs between a custodian’s central repository and the ALERT host ensures sensitive settlement data is secure. Future effective SSI updates can also be managed so custodian banks and prime brokers can proactively update their buy-side clients of pending market changes.

A Roadmap to SSI Automation

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Additional Resources

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