A 4993
- September 16, 1999
P&S 4555
TO: ALL PARTICIPANTS
ATTENTION: MANAGING PARTNER/OFFICER; P&S MANAGER: CASHIER; FUND/SERV PARTICIPANTS
SUBJECT: COLUMBUS DAY HOLIDAY SCHEDULE
New York Banks will be closed on Monday, October 11, 1999 in observance of Columbus Day. The New York and American Stock Exchanges and the NASDAQ System will be open for trading on Monday, October 11, 1999.
The following changes in NSCC's Operations and schedules will be in effect:
EQUITY COMPARISON (LISTED AND OTC) AND FIXED INCOME TRANSACTION SYSTEM - FITS:
SUBMISSION OF TRADE DATA |
|||||
| Trade Date: | Night of Comparison - Regular Way Input | T+1 Adjustments | T+2 & Older Adjustments | T+3 & Older Adjustments | Settlement Date |
Oct. 5 |
Oct. 5 |
Oct. 6 |
Oct. 7 |
N/A |
Oct. 8 |
Oct. 6 |
Oct. 6 |
Oct. 7 |
Oct. 8 |
Oct. 11 |
Oct. 12 |
Oct. 7 |
Oct. 7 |
Oct. 8 |
Oct. 11 |
Oct. 12 |
Oct. 13 |
Oct. 8 |
Oct. 8 |
Oct. 11 |
Oct. 12 |
Oct. 13 |
Oct. 14* |
Oct. 11 |
Oct. 11 |
Oct. 12 |
Oct. 13 |
N/A |
Oct. 14* |
Oct. 12 |
Oct. 12 |
Oct. 13 |
Oct. 14 |
N/A |
Oct. 15 |
*Double Day Settlement
BALANCE ORDERS
A double-day settlement will result on October 14, 1999. Non-CNS trades of October 8, 1999 and October 11, 1999 will be displayed on the Consolidated Trade Summary and netted for settlement on October 14, 1999.
Balance Orders will not be available for distribution on the morning of the Holiday.
NOTE: Municipal Bond Deliver instructions for settlement date October 12, 1999, which would normally settle in PDQ, should be delivered via DTC's PTS Terminal.
CNS
No settlement will occur on October 11, 1999. The following changes will be made to CNS ouput schedules:
Consolidated Trade Summary (Including machine-readable output):
| T, and T+1 Trades Settling On: | T+2 and Older Trades Settling On: | Available On: |
Oct. 8 |
Oct. 7 |
Oct. 7 Normal |
Oct. 11 (No Settlement) |
--- |
--- |
Oct. 12 |
Oct. 8 |
Oct. 8 Normal |
--- |
--- |
Oct. 11 None** |
Oct. 13 |
Oct. 12 |
Oct. 12 Normal*** |
Oct. 14 |
Oct. 13 |
Oct. 13 Normal |
**A Consolidated Trade Summary will not be available on the morning of the
Holiday.
***Indicates one-day items for trades of October 8th, and October 11th, settling on
October 12, 1999.
Projection Report (Including machine-readable output):
| Projection of Settlement Date | Available On |
Oct. 8 |
Oct. 7 Normal |
Oct. 11 (No Settlement) |
--- |
Oct. 12 |
Oct. 8 One Day Early |
--- |
Oct. 11 None**** |
Oct. 13 |
Oct. 12 Normal |
**** A Projection Report will not be available on the morning of the holiday.
Exemption and Priority Input:
| To Control Settlement Of | Member Should Submit On: |
Oct. 8 |
Oct. 7 Normal |
Oct. 11 (No Settlement) |
---- |
Oct. 12 |
Oct. 8 One Day Early |
---- |
Oct. 11 None |
Oct. 13 |
Oct. 12 Normal |
Accounting Summary (Including machine-readable output):
Settlement Date |
Available On |
Oct. 8 |
Oct. 8 Normal |
Oct. 11 (No Settlement) |
---- |
Oct. 12 |
Oct. 12 Normal |
DIVIDENDS
Record Dates - Securities with a published record date of October 11, 1999 will be changed to October 8, 1999 Since no CNS activity will occur on the 11th, closing positions for these two dates will be identical.
Due Bill Redemption Dates - Securities carrying a due bill redemption date of October 11, 1999 will be changed to October 8, 1999. Again, closing positions for the two dates will be the same.
Payable Dates - Dividends payable on October 11,1999 will be paid on October 12, 1999.
CENTRAL DELIVERY, AND SETTLEMENT
NSCC will not provide Delivery or Settlement Services on Monday, October 11, 1999.
INTER-CITY DELIVERIES:
On Friday, October 8, 1999, deliveries will be accepted for settlement of Tuesday, October 11, 1999.
STOCK BORROW PROGRAM:
Stock Borrow availability information will be accepted on Friday, October 8, 1999, for settlement Tuesday, October 12, 1999. Settlement date on the input should be October 12, 1999.
AUTOMATED CUSTOMER ACCOUNT TRANSFER (ACAT):
For more detailed information regarding ACAT processing during a bank holidayplease refer to A4978, P&S 4540 issued on August 12, 1999.
ACAT-FUND/SERV INTERFACE:
ACAT-FUND/SERV Interface activity processed on Monday, October 11, 1999 will settle on October 12, 1999.
MUTUAL FUND COMMISSION SETTLEMENT:
No Mutual Fund Commission Settlement will occur on Monday, October 11, 1999. Activity submitted on Friday, October 8, 1999 will settle on Tuesday, October 12, 1999.
FUND/SERV AND NETWORKING:
No settlement of FUND/SERV activity will occur on Monday, October 11, 1999. The following changes will be made to FUND/SERV output schedules:
TRADE DATE |
SETTLEMENT SUMMARY FILE |
AVAILABLE ON |
Oct. 5 |
Oct. 8 |
Oct. 7 Normal |
--- |
Oct. 11 (No Settlement) |
------ None |
Oct. 6 |
Oct. 12 |
Oct. 11 Normal |
Networking activity will be accepted on Monday, October 11, 1999, however, no Networking Dividend Cash Settlement will occur on October 11, 1999.
INSURANCE PROCESSING:
No Insurance processing will be provided on Monday, October 11,1999.
Any questions regarding this notice should be directed to Mr. Danny Ronan (SIAC) at (212) 383-7676, Mr. Randy Walther (SIAC) at (212) 383-7104 or Participant Services at (212) 412-8432.
Gerhard Krobisch
Vice President/Operations