Omgeo ALERT

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Overview

Omgeo ALERT is the industry’s largest and most compliant online global database for the maintenance and communication of account and standing settlement instructions (SSI). ALERT enables a community of investment managers, brokers/dealers and custodian banks to share accurate account and SSI automatically worldwide. 

Key Features

Automated enrichment of SSI and account information in Omgeo Central Trade ManagerSM and Omgeo OASYSSM Web-based interface validates new data entered against industry standard rules to ensure accurate SSI data ALERT is continually enhanced to keep pace with ISO15022 / MT54X fields for securities and rules are in lock step with ISO7775/MT304, MT210 and MT202 message standards for cash/FX trading through Inter bank clearing systems like CHIPS (Clearing House Interbank Payments System), C&CCC (Cheque and Credit Clearing Company) and Central Clearing Systems like CLS Ability to set any market settlement instruction to become effective for settlement at a future date (Future Effective Settlement Date) New field on the General Account page for investment managers to indicate their intent to suppress broker account statements for specific accounts Comprehensive on-line help and links to Omgeo’s Data Dictionary, Interactive Settlement Chain Tool, and ALERT Best Practice documentation Web-based interface or a direct interface which gives clients reliable, high volume, real-time XML messaging directly with the Omgeo ALERT host

Key Benefits

Ensure complete automated communication of account and settlement instructions by connecting to the world’s largest community of SSI database subscribers Lower costs and streamline trade processing through automated enrichment of SSI and account information Stay ahead of the ever changing industry standard rules with real-time data validation against the latest industry standards Take advantage of ALERT’s expanded asset class coverage, Exchange Traded Derivatives and Foreign Exchange instruments are now supported on ALERT Increase data quality by establishing multiple levels of authorization for settlement instruction updates/edits

Product/Service details