SSIs

From ACT Wiki
Jump to navigationJump to search

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.


See also