1.2.1.5 Standing Settlement Instructions
For recurring transfer of funds or securities, you may enter standing settlement instructions (SSIs) that can be used each time a transfer request is made. SSIs contain registration and delivery instructions that will increase the speed of routine transactions and reduce the possibility of fraud. For purchase orders, the customer must specify whose name is to be on the security, as well as who will retain the security certificate. Following are some examples of delivery instructions:
- • Transfer and ship. Upon purchase, securities are transferred into the name of the customer and shipped t