IFA Events

For DriveWealth Partners who are implementing the bulk deposit (IFA) mechanism, SQS events will get triggered based upon report resource changes.

reports.instantFundingSettlement.created is generated when a new settlement aggregation is initiated (starts at 00:00 UTC) with status PENDING. At the end of each day (00.00 UTC the next day) we stop aggregating the deposits for that particular day and then a settlement report is generated (at 00.15 UTC) and confirmed which triggers the reports.instantFundingSettlement.updated event with status APPROVED. Once a bulk transfer has been received by DriveWealth on T+2 the status is then modified to be successful triggering the reports.instantFundingSettlement.updated event with status SUCCESSFUL.

Event Name

Event Type

Description

IFA Report Created

reports.instantFundingSettlement.created

Report initiated. Starts Aggregating the Deposits.
Status PENDING

IFA Report Updated

reports.instantFundingSettlement.updated

Report generated and approved at 00.15 UTC
Status APPROVED indicates report generated, waiting for settlement money to arrive at DW.

IFA Report Completed

reports.instantFundingSettlement.completed

Settlement marked as SUCCESSFUL indicating DW has received and acknowledged receipt of settlement money