SSIs: Difference between revisions
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imported>Doug Williamson (Create the page. Source: MCT Reading Unit 2, 4.3.3 Key aspects in documentation, Sep 2013, page 13.) |
imported>Doug Williamson (Expand. Source: UK Money Markets Code: http://www.bankofengland.co.uk/markets/Documents/money/code/ukmoneymarketscode.pdf) |
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Standard Settlement Instructions. | Standard Settlement Instructions. | ||
[[Category: | 1. | ||
Instructions that specify which named bank accounts are to be used for the receipt and payment of any settlement amounts, under a bank dealing [[mandate]]. | |||
2. | |||
Instructions sent by a principal to its counterparties specifying: | |||
*Who has authority to deal on behalf of the principal; | |||
*Banking and custodian settlement details; and | |||
*Details of back office contacts. | |||
==See also== | |||
* [[Back office]] | |||
* [[Custodian]] | |||
* [[Mandate]] | |||
* [[Principal]] | |||
* [[Settlement]] | |||
[[Category:Compliance_and_audit]] | |||
Latest revision as of 17:35, 25 June 2017
Standard Settlement Instructions.
1.
Instructions that specify which named bank accounts are to be used for the receipt and payment of any settlement amounts, under a bank dealing mandate.
2.
Instructions sent by a principal to its counterparties specifying:
- Who has authority to deal on behalf of the principal;
- Banking and custodian settlement details; and
- Details of back office contacts.
