AccountNet is a web-based settlement instructions database that stores and communicates organizational and sub-account settlement, identity and confirmation preference information for processing security and OTC derivative transactions. Over 1,200 institutional clients and 35 global broker dealers use AccountNet to store and communicate account information and settlement instructions, and to process allocations.
AccountNet interfaces seamlessly with Tradeweb's post-trade processing platform, which is used by buy-side firms to allocate electronic or phone-executed trades and to communicate trade settlement information to dealers, prime brokers, fund administrators and confirmation vendors.
Features:
- Validated SSI models for more than 150 Central Securities Depositories
- Repository and provider for any non-uniform static data that is required fro swaps trading, including cusomer and sub-account approvals, ISDA Master Agreement dates and Early Termination details (Put provisions)
- Four types of security level access (Read-only, Standard and Swaps Administrative)
- Compatibility with leading industry protocols such as ISO 15022, FIX, SWIFT, SPMG, and ISITC-IOA.
- User actions are fully logged for audit purposes
The largest fund managers, broker dealers, and custodian banks use AccountNet to keep their internal account databases up to date. All understand that clean data significantly reduces transaction errors and lowers operational risk for all parties to a trade.
Fund Advisors efficiently warehouse and communicate SSI, settlement preference and OTC derivatives counterparty information for others to access.
Broker dealers relay on AccountNet for mapping account information to their internal systems and for storing account approval information for OTC derivatives trading.
Custodians can collaborate with their fund manager clients in real-time to ensure the latest more accurate sub-account information is disseminated into the market.
All users benefit from:
- Customized preferred global identifiers, such as ALERT, BIC and SID
- Grouping of sub-accounts for routine allocation processing
- Tailored workflows for efficient resource allocation
- Real-time APIs for clean communications
- Unlimited GUI access for maximum productivity
