A 5315 - August 30, 2001

A 5315
P&S 4885
August 30, 2001
TO: ALL PARTICIPANTS

ATTENTION: MANAGING PARTNER/OFFICER, OPERATIONS PARTNER/OFFICER, MANAGER P&S DEPARTMENT, MANAGER DATA PROCESSING DEPARTMENT

SUBJECT: NSCC MODIFIES UNMATCHED EQUITY TRADE REPORTING FOR NYSE ON-LINE COMPARISON SYSTEM (OCS) TRANSACTIONS

As previously announced in Important Notice A 5279, P&S 4849 dated June 15, 2001, National Securities Clearing Corporation (NSCC), in conjunction with the New York Stock Exchange (NYSE), has discontinued all equity trade matching for NYSE comparison data effective June 28, 2001.

Although matched trades are no longer reported at this time, NSCC has continued to display uncompared trades and corresponding advisory activity on the NYSE Regular Way T+1 contract lists (print image and machine readable) for informational purposes.

Effective with trade/processing date September 21, 2001, NSCC will comply with modifications made by the New York Stock Exchange in its Online Comparison System (OCS) as announced in the NYSE circular PT 0085, dated August 17, 2001.

The following modifications will be effective with trade/processing date September 21, 2001:

Uncompared/Advisory activity in Odd-Lot and Partial Round-Lot (PRL) transactions in NYSE’s OCS system will now be displayed on the NSCC Regular Way T+1 contract lists (print image and machine readable) for informational purposes. The unit of trade in the machine readable output (MRO) will appear as Code 9 (Odd Lot).

Late input submitted to the NYSE OCS system subsequent to the 7:00PM OCS cut-off time will be reported on the NSCC Regular Way T+1 contract lists (print image and machine readable) as rejected trades.

The following print image AutoRoute product is affected by this change, in that additional uncompared/advisory trades and rejected trades may appear on this report beginning on September 22, 2001:

AutoRoute ID #

Report Name

02010038

NYSE Night-of-Comparison (Regular Way)

Contract Report

The Machine Readable (MRO) file affected by this change is shown below. This file format as well as all other Participant file formats, are available for your use at NSCC's Website, http://formats.nscc.com

NEW DEFINITION (SEPTEMBER 21, 2001)
AutoRoute ID	File Name	Length	Position	Description	Comments
02012034	NYSE Night-of-Comparison (Regular Way) Contract File	1	2	Accept/ Reject Indicator	2 = Invalid Trade Date *INCLUDES TRADES SUBMITTED TO OCS SUBSEQUENT TO THE OCS* *CUT-OFF TIME*
		2	109-110	Trade Status Code	U1 = Uncompared As Submitted SA = Submitted Advisory Against Major Broker *UNCOMPARED ODD-LOT AND PARTIAL ROUND LOT ACTIVITY IS INCLUDED*

Questions regarding this change or this notice may be e-mailed to the undersigned at gkrobisch@dtcc.com or contact your DTCC Relationship Manager or Participant Services Representative at (212) 855-4155.

Questions regarding the OCS system should be addressed to Mr. Joseph Fawcett (NYSE) at (212) 656-8585, or Mr. Fred Lipinski (NYSE) at (212) 656-3021.

Gerhard Krobisch
Vice President, Product Marketing and Development