Standard Data Elements

The Institutional Trade Flow Process consists of 4 major transitions:

• Communication of trade instructions from the buy-side to a broker/dealer (Order Initiation)
• Communication of details of trade execution (NOE)
• Communication of trade allocation details from the buy-side to the broker/dealer
  (Allocations to allow order entry on CDSX); Client Level and Block Level
• Communication of trade allocation details from the buy-side to the custodian
  (Allocations and settlement instructions to allow order confirmation on CDSX); Client Level and Block Level

At each stage in the trade flow process specific trade related information is necessary to allow the trade to progress to the next stage. This minimum trade detail required at each step has been and is set out in the following file(s) Standard Data Elements