Glossary Term: Advice Notes
An Advice Note is the note issued by the Funds Administration Agent (FAA) showing the amount you need to pay to the BSC Clearer account, or that the BSC Clearer needs to pay you. It can cover charges for several calendar Payment Dates and must be paid in full by the Payment Date on that Advice Note.
BSC defined definition
Means a note issued by the FAA on a Notification Date setting out amounts payable by or to a Payment Party on the relevant Payment Date in accordance with Section N7.1.1;
BSC documentation
Further information
- Guidance Note on How to read Advice Notes and Confirmation Notices
- Guidance Note on Overview of Trading Charge Invoices