Overview

- Create Allocations
- Edit Allocations
- Delete Allocations
- Send Allocations
- Set Trade Preferences

Overview

Create allocations before or after you create a block order. However, you cannot send allocations to Fidelity until there is at least one execution in the related block order. If there are multiple blocks for the same security on the same side of the market (e.g., buy, sell), all allocations receive the same average execution price. The goal is to allocate the executed share amount of the orders completely by the end of the business day. Allocations are accepted electronically until 7:50 PM ET on the day the block order is executed.

You can create allocations manually or import allocations from another system. (Import Block Orders and Allocations)

The version of the Allocation Ticket that displays is based on its the block order type:

• Block Allocation
  For equity, option, and fixed income allocations.

• Global Equity Block Allocation
  For international equity allocations.

• Currency Block Allocation
  For currency allocations.

• Prime Brokerage Allocation
  For equity and fixed income trade away allocations. The account specified on the Allocation ticket must be approved for Prime Brokerage prior to sending this allocation type to Fidelity.

• Step-In Allocation
  For equity trade away allocations of a block order settled by Fidelity.

• Step-Out Allocation
  For equity trade away allocations of a block order executed at Fidelity. A step-out allocation is for a block order executed at Fidelity, but a portion of the block is being "stepped out" to another broker-dealer. This allocation type provides a DTC field to specify the clearing broker who settles the end-customer's trade.

Note
If attempting to send allocations for prior day block orders, convert your allocations to prior day allocations. (View Prior Day Allocations)

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Create Allocations

Add up to 250 allocations using the Allocation ticket. After you create an allocation, repeat the process until the block is fully allocated. A warning message displays if you attempt to over-allocate the block (allocate more shares than are available). View positions and account information for the current account directly from the order ticket.

1. Select Trade > Order Management > Orders-Unsent.
2. At the top of the Orders Unsent window, select Allocations-All.

3. Select New Allocation.

   Note
   You may also access the Allocation ticket from the Orders Sent window and the Block Details window. (Block Details)

4. Select the Allocation Type; availability of a type is based on your user entitlements:

   Block Allocation
   Global Equity Block Allocation
   Currency Block Allocation
   Prime Brokerage Allocation
   Step-In Allocation
   Step-Out Allocation

5. If you have access to more than one Block Account #, select the account.

6. Choose the Action:

   Equities
   Buy, Sell, Sell Short

   Options
   Buy Calls to Open, Buy Calls to Close, Sell Calls to Open, Sell Calls to Close, Buy Puts to Open, Buy Puts to Close, Sell Puts to Open, Sell Puts to Close

   Fixed Income
   Buy, Sell

7. Enter the Symbol/CUSIP. (Symbol Lookup)

8. Specify the Quantity of the allocation.

   Enter shares for equities, contracts for options, or the face amount of the fixed income.

9. Choose the Account Type:

   DVP/RVP (0)
   Cash (1)
   Margin (2)
   Short (3)

10. To designate the power of discretion, choose a Client Confirm Note, which displays on the trade confirmation:

    None <Blank>
    Advisor Directed
    Client Requested
    Cross Trade

11. For closing transactions, to override the account-level transaction disposal method, choose the Transaction Disposal Method. (Cost Basis Disposal Methods)

    Note
    The method you designate on the ticket is used for this specific order and does not replace the account's established cost basis disposal method. The Transaction Disposal Method does not apply to opening transactions, retirement accounts, DVP/RVP account types, or positions with Average Cost method.

12. If creating a Step-Out Allocation, in the Clearing Broker and Executing Broker fields, enter the four-digit Depository Trust Company (DTC) number.

    - To add rows, select Add Rows and enter the number, up to 250.

13. Select Save.

    Go to: Send Allocations

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Edit Allocations

1. Highlight the allocation and select Edit.

2. Make the necessary changes to the allocation.

3. Select Save.

   Go to: Send Allocations

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Delete Allocations

1. Highlight one or more allocations and select Delete.

2. Select All Selected Allocations to delete multiple highlighted allocations.
   or
   Select All Allocations I Created to delete all allocations you created.
   or
   Select All Allocations to delete all allocations.

   A confirmation displays.

3. Select Delete Allocation(s).

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Send Allocations

When there is at least one execution on a particular block order, you can send the allocations to Fidelity.

1. Highlight one or more allocation and select Send.

   A verification displays.

2. Select All Selected Allocations to send multiple highlighted allocations.
   or
   Select All Allocations I Created to send all allocations you created.
   or
   Select All Allocations to send all allocations.
   or
   Select All Buys/Opening Allocations to send all buy or opening action allocations.
   or
   Select All Sells/Opening Allocations to send all sell or closing action allocations.

   A confirmation displays. The window has two sections: Allocations You Are Attempting to Send and Allocations Not Being Sent.

3. Select Attempt to Send Allocation(s).

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