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Former Member
Apr 18, 2012 at 06:31 PM

Where to enter the Clearing House/Partner in a Securities Trade



When we enter into a Purchase transaction (entered in Securities module) with a counterparty for purchase of listed securities, the seller tells how the settlement takes place and through which clearing house. Accordingly we have to send settlement instructions to our Custodian in MT541.

For example if the settlement is through EUROCLEAR the counterparty will say that we have to send their EUROCLEAR account number (5 digit account #)while sending the payment. This has to be passed to on to our custodian in MT541.

For this purpose how should we enter the clearing House/partner name in the transaction? Is there a field where we can enter, while creating a transaction in FTR_CREATE where we can enter the clearing house name. Does the system read this and find out the correct Settlement instruction (which is createdin FTR_SI_DERIVE t-code) accordingly?

Any help is appreciated.