![]() Settlement Party Data: Local Clearing Agent Data Name associated with the DTC ID (local agent) Table 3 Broker/Dealer DTC Settlement Instruction Fields Field Nameĭepository/Clearing/Settlement Agency DataĭTC number of the local clearing agent (optional)ĭTC Participant ID of local agent (mandatory) The next table lists the fields for settling in the US using DTC. It is not an account number internal to the DTC. In broker/dealer instructions, interpret the A/C# Global Custodian field as the security account number of the executing broker at the clearing broker/agent. Enter it in the Institution/Broker BIC field. Identify the local agent by its BIC, which is entered in the Local Agent BIC field.Įxecuting Broker BIC.Enter it in the DTC# field (generic field name: A/C# Depository). If the number is fewer than eight characters, ALERT pads it with leading zeros.ĭTC Participant ID that identifies the local clearing agent at the DTC. The ID number must exist in the DTC ID Master file and be exactly eight characters. If the number is less than eight characters, ALERT pads it with leading zeros.ĭTC number (DTC#) of the local agent, which is entered in the Agent ID field (generic field name: ID2). The essential market elements for DTC standing settlement instructions are:ĭTC Place of Settlement (PSET) BIC: DTCYUS33.ĪLERT automatically populates this field when you select DTC as the method of settlementĭTC number (DTC#) of the executing broker, which is entered in the Inst/Broker ID field (generic field name: ID3). ![]()
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