SEB Goes Live with DTCC's Alert Regional Custodian Workflow
The Swedish bank will use US firm's network as a white-labelled service.
Skandinaviska Enskilda Banken (SEB) has gone live with the Depository Trust and Clearing Corp. (DTCC)’s new Alert for Regional Custodian workflow through global custodian Brown Brothers Harriman (BBH).
The Alert Regional Custodian workflow lets market participants automatically connect with users of the Alert Global Custodian Direct, or GC Direct, workflow. This enables standing settlement instructions (SSIs) to be exchanged between a custodian’s central repository and Alert on behalf of a
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