Overview
Net Settlement Times
Field Definitions
- View Additional Details
- Print the Summary Table
- Export the Summary Table and Details
View and settle all daily money movement transactions into or out of one or more omnibus accounts established with Fidelity in the name of a bank trust company's customer.
Three tabs display on the window. For an eligible net settlement account, view totals for money movement activity by transaction category:
Current Balances
View account activity for the Current Day and Late Prior Day, where available. Current Day represents all transactions received and settled by Fidelity prior to your firm-requested net settlement time. Late Prior Day represents all transactions received and settled after your net settlement time until the date advances to the next business day at 12:01 AM, for example.
Projected Balances
View account activity for items settling on each of the next three business days.
History
View historical account activity in two-day increments (business days only), which may be useful when researching net settlement activity.
- Click inside the date field to display a calendar.
- Only valid business dates within the last 30 days are enabled.
- Choose a date and select Display.
- Activity displays, where available.
Below the account activity, settlement totals for the day include:
Daily Totals
Totals the values in the Late Prior Day and Current Day columns.
Cash Due to Customer or Cash Due to Fidelity
Totals the value of the Total Settlement column on the Current Balances and History tabs. This value indicates the amount to be wired to settle the day's transactions:
Cash to Fidelity
This is settled with an incoming wire to Fidelity
Cash to Customer
This is settled with an outgoing wire from Fidelity to your firm's institution
This value should balance with the settlement information in your firm's trust accounting system. If it does not, use the information in the Late Prior Day column to reconcile items that posted between the previous day's net settlement and midnight.
Activity across your firm's net settlement accounts is settled once a day via one net wire. The net settlement time is set in accordance with your firm's instructions and is used to determine when net settlement will run.
The possible net settlement times are listed below. View the net settlement time requested by your firm on the Current Balances and History tabs:
12:00 PM (Noon)
Usually used by firm's trading primarily in individual securities
2:00 PM
Usually used by firm's trading primarily in mutual funds
4:45 PM
Usually used by firm's trading primarily in money market funds
For a listed value in the table, select its link to view more details in a pane that expands below the table. (Field Definitions)
For ACAT, DTC, and manual TOA transactions
View information that designates the customer to whom the transfer belongs. This information may help in the reconciliation process and enables your firm to self-service accounts. The TOA transaction types are DEL (delivered), REC (received), and TOA (transfer of assets), which are found in these categories: Delivered Out, Received In, and Miscellaneous.
For Income, Interest, and Capital Gains payments
View information for these reinvestment distribution types once processed and settled:
DIV (Dividend)
FRN (Foreign Dividend)
INT (Interest)
LTG (Long Term Gain)
NTD (Non-Taxable Closed End Fund Dividend)
NTM (Tax Exempt Municipal Bond Interest)
PRN (Principal Payment)
STG (Short Term Gain)
TXM (Municipal Tax Interest)
Print just the summary table shown on the current tab to a PDF file.
To print a PDF of the summary table
Select the Print PDF icon.
The PDF file uses the naming convention <Account Number>_DailyNetSettlement_<tab>_DD-Mmm-YYYY_HHMM<AM/PM>ET.pdf.
Export the contents of the summary table and details information from the current tab to a CSV or PDF file. If on the Current Balances or History tab, the export includes the summary table and details of all categories for Late Prior Day and Current Day. If on the Projected Balances tab, the export includes the summary table and details for a single day you select.
If you attempt to export the contents of the window before the scheduled settlement time, a warning displays notifying you that the final settlement will likely differ from the information in the file.
To export the contents of the current tab
Above the table, choose an icon:
- Export as CSV
- Export as PDF (All day activity)
If on the Projected Balances tab, choose one of three dates with projected data, then select Export.
- No selection is necessary if only one date contains activity.
The export file uses this naming convention: <Account Number>_DailyNetSettlement_<tab>_DD-Mmm-YYYY_HHMM<AM/PM>ET.csv or pdf
When applicable, a field may display the following value:
-- (double dashes) Balance does not exist; is not available
$0.00 Share-only transaction that has a net zero value
- Daily Net Settlement Tabs
- Additional Details
- Transaction Details
Fields for all tabs are listed below alphabetically.
| Field | Definition |
|---|---|
| Categories | The transaction categories: Purchases
Note
|
| Current Day | The transaction totals for activity that settled either today (on Current Balances tab) or on the selected date (History tab). Current Day begins at 12:01 AM. |
| Daily Totals | The totals for the values in the Late Prior Day and Current Day columns. |
| Late Prior Day | The transaction totals for activity that settled after the indicated net settlement time, prior to the date advancing to the next business day at 12:01 AM. |
| Projected Balances | On the Projected Balances tab; the transaction totals for activity settling on each of the next three business days: First next business day
Second next business day
Third next business day
|
| Total Settlement | The sum of the columns for the each category. The total at the bottom of this column indicates the amount to be wired to settle the day's transactions: Cash to Fidelity
Cash to Customer
|
| Field | Definition |
|---|---|
| Trans Type | The mnemonic code for the transaction. |
| Symbol | The symbol of the security associated with the transaction. Note
|
| CUSIP | The CUSIP number of the security associated with the transaction. |
| Description | The description of the security associated with the transaction. Select the link to expand the row to view transaction details. Reselect the link to collapse the row. |
| Units | The number of shares of the security involved in the transaction. |
| Price $ | The cost of the security when the transaction settled. For RIN (Reinvestment Distribution Types), this contains the Reinvest Income (RI) price, which is the price to reinvest income payments back into the fund. |
| Amount $ | The dollar amount of the transaction. |
| As of Date | The date of a transaction if it is two business days prior to the current net settlement date. Otherwise, the column is blank. |
- General Details
- ACAT, DTC, TOA Details
- Income, Interest, Capital Gains Details
| Field | Definition |
|---|---|
| Commission | The dollar amount of commissions made on the transaction. This value defaults to $0.00. |
| Entry Date | The date the transaction was entered; format is DD-Mmm-YYYY. |
| Interest | The amount of interest, if applicable. This value defaults to $0.00. |
| Other Fees | The sum of additional fees for the transaction. This value defaults to $0.00. |
| Reference # | The reference number for the brokerage transaction. This number is assigned by the Fidelity trading system and matches the customer's confirmation number. |
| Settlement Date | The settlement date of the transaction; format is DD-Mmm-YYYY. |
| Trade Date | The date of the transaction; format is DD-Mmm-YYYY. |
These next fields display for ACAT, DTC, and manual transfer of assets (TOA) transactions. This information designates the customer to which the transfer belongs.
| Field | Definition |
|---|---|
| ACAT Control Number | The ACAT transaction tracking number at DTCC. |
| ACAT Fail Description | Displays ACAT Fail when an asset has a delayed settlement based on the ACAT settlement cycle times. The transfer is restricted until the position fully transfers into the customer account at Fidelity. Note
|
| Delivering Account Number | The delivering firm or contra party participant number at DTCC. |
| Delivering Firm | The delivering firm or contra party name. |
| Fund Move Date | The date when the shares transfer at the mutual fund company to the receiving firm or contra accounts. This date is usually 2 days prior to the settlement date on the ACAT. Note
|
| Other Information | Comments that were provided concerning the transfer. Examples of the types of comments that may be included in this field are contained in the Further Credits or Interested Party information fields on the transfer files. |
| Receiving Account Number | The receiving firm or contra party participant number at DTCC. |
| Receiving Firm | The receiving firm or contra party name. |
These next fields display for Income/Interest/Capital Gains payments.
| Field | Definition |
|---|---|
| Ex-Date | The cut-off date for receiving the dividend. The account must own a stock prior to the ex-dividend date in order to receive the next dividend payment. |
| Pay Rate | The income rate on which the payment is being calculated. |
| Payable Date | The date the cash income is paid out by the mutual fund. |
| Record Date | The date by which you must hold a position in the fund in order to receive the dividend. |
| Reinvest Date | The date the reinvest income shares are paid out. |
| Tax Withholdings-amount | The total withholding amount for tax payments. |
| Tax Withholdings-rate | The withholding rate for tax payments. |
| Total Shares Earned On | The customer position share total on which the income is being paid out. |
1010975.1.0