Allocations
What deadlines apply?
In a T+1 environment, allocations should be transmitted as soon as possible after trade execution in an electronic, standardized, and machine-readable format.
The required allocation information should generally be exchanged no later than 11:00 p.m. on the trade date (T) to allow sufficient time for the subsequent matching, confirmation, and settlement processes ahead of settlement on the following business day (T+1).
What solutions does NORD/LB offer?
DTCC CTM (Central Trade Manager)
For allocation processing, NORD/LB will preferentially use DTCC CTM (Central Trade Manager) as the central communication platform for the electronic exchange of allocations and confirmations.
SWIFT ISO 15022 (MT502)
If DTCC CTM (Central Trade Manager) is not available to you, allocations may alternatively be transmitted to NORD/LB via the SWIFT message type MT502.
Note: NORD/LB is also evaluating the introduction of allocation receipt via ISO 20022 MX setr.026 during the first quarter of 2027.
