Clearing & Settlement
Chalkhill's trades are cleared through Pershing Securities Limited, a wholly owned subsidiary of The Bank of New York Mellon Corporation (rated Aa3 by Moody's and AA- by Fitch). Pershing is a leading global provider of financial business solutions and is ranked the #1 clearing firm by broker-dealers. We operate under a Model B agreement with Pershing guaranteeing our trade settlement credit risk.
Chalkhill subscribes to Omgeo Central Trade Manager (CTM) and ALERT for trade allocation and acceptance services. CTM enables Bloomberg's TOMS users to automate the ticket allocation process with Omgeo's Investment Manager (IM) community, allowing for a seamless ETC process. ALERT utilizes the industry's largest and most compliant web-based global database for the maintenance and communication of standard settlement instructions (SSI) and enables the entire investment community to share accurate SSI automatically worldwide. A combination of the two allows for accurate and timely pre-matching, thus minimizing pre-settlement risk.
Chalkhill's professional partners include BCS Alternatives Limited, MHA MacIntyre Hudson, Portman Compliance Consulting LLP., SJ Berwin LLP and Taylor Wessing LLP.