Important Notice

A 4875 - December 18, 1998
P&S 4439

TO: ALL PARTICIPANTS

ATTENTION:  DIRECTOR OF OPERATIONS, MANAGER P&S DEPARTMENT, MANAGER CASHIERS DEPARTMENT, MANAGER DATA PROCESSING

SUBJECT: 1999 RECAPS SCHEDULE

Dates for NSCC’s quarterly Reconfirmation and Repricing Service (RECAPS) have been scheduled for 1999. Equity, municipal, corporate, UIT and zero instruments that are five business days or older are eligible to be submitted to NSCC for comparison and repricing.

1999 QUARTERLY RECAPS CYCLE CALENDAR

Participants must submit their CUSIP files by 5:00 p.m. for Friday’s anticipated fail input

TUES.

MAR.
16

JUN.
15

SEPT.
14

DEC.
7
Participants must submit their fail input no later than 2:00 a.m. Saturday morning

FRI.

MAR.
19

JUN.
18

SEPT.
17

DEC.
10
NSCC generates Contracts, CNS and Non-CNS Compared Trade Summaries and Balance Orders to participants for Friday’s fail input, for Monday review and supplemental processing

SUN.

MAR.
21

JUN.
20

SEPT.
19

DEC.
12
Supplemental input (e.g., advisories, as-of’s) must be submitted no later than 4:00 p.m.

MON.

MAR.
22

JUN.
21

SEPT.
20

DEC.
13
NSCC generates contracts, CNS and Non-CNS Compared Trade Summaries and Balance Orders

TUES.

MAR.
23

JUN.
22

SEPT.
21

DEC.
14

Questions regarding this notice should be addressed to NSCC’s Participant Services at (212) 412-8432 or the undersigned at (212) 412-9596.

Victor Rosado
Operations Analyst