Standard Settlement Instructions
- Definition. Payment processing and settlement information such as bank account details for a specific currency and payment category to be used for a financial institution.
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What does'standing settlement instructions'mean?
Definition of 'standing settlement instructions'. standing settlement instructions in Finance. (stændɪŋ sɛtəlmənt ɪnstrʌkʃənz) noun. (Finance: Investment) Standing settlement instructions are instructions that have been agreed in advance, and that are to be used every time a trade is made.
What are the standard settlement instructions used when selecting securities?
This topic lists the standard settlement instructions used when you select the following: Always provide BICs using valid BIC syntax. Security from the equity, fixed income, money market, and unspecified security type group. CASH, Universal, Physical, CEDEL, or Euro_clear method, with differences noted for A/C# @
What are the settlement instructions for the cash method?
When you select a security from the Equity, Corporate Fixed Income, Government Fixed Income, Money Market, or Unspecified Security Type groups and the method is CASH, the settlement instructions are the same as the standard settlement instruction except for the label changes for the following fields:
When should the customer send the settlement instruction?
The Customer should send separate settlement instruction two business day s prior to the settlement date if the Transaction needs to be settled through accounts other than that specified in the Standard Settlement Instruction.
SSI Retail
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SSI Wholesale
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Examples of settlement instruction in a sentence
A Bondholder in respect of which no duly completed Settlement Instruction has been delivered on or before the Settlement Instruction Cut-Off Date may only claim Class A Shares from the Issuer upon providing the Issuer with such evidence as the Issuer may require (in its reasonable discretion), confirming that such Bondholder was entitled to receive Class A Shares as at the Conversion Date (including, without limitation, evidence that such Bondholder was in compliance with Condition 3.3)..
More Definitions of settlement instruction
settlement instruction or “ SI ” means an instruction of a Participant, in such form as HKSCC may from time to time prescribe as being valid, relating to transactions in Eligible Securities (other than Exchange Trades or Clearing Agency Transactions) to be settled in CCASS, as referred to in Rule 904.
How do standing settlement instructions improve efficiency?
Standing settlement instructions improve efficiency by creating consistent settlement instructions for all your deals.
What is standing settlement?
noun. ( Finance: Investment) Standing settlement instructions are instructions that have been agreed in advance, and that are to be used every time a trade is made. For recurring transfer of funds or securities, you may enter standing settlement instructions that can be used each time a transfer request is made.
