A 5322
P&S 4892
September 19, 2001
ATTENTION: Director of Operations, Cashier, Manager Buy-In Department, Manager Dividend Department
SUBJECT: NSCC ProcessingAs a result of the recent events, numerous inquiries have been received by NSCC regarding possible changes to various NSCC processes. Except as noted below, All NSCC schedules and processes have remained the same.
RECAPS:
As detailed in NSCC Important Notice A5320, P&S 4890 dated September 14,
2001; NSCC has cancelled the RECAPS process scheduled to begin September 18,
2001. This RECAPS cycle will NOT be re-scheduled. The next RECAPS cycle
will take place starting on December 4, 2001.
CNS BUY-INS:
NSCC files a rule change with the SEC on September 14, 2001 allowing for the
temporary suspension of CNS Buy-In executions. That
temporary suspension of CNS Buy-In executions has expired. CNS Buy-Ins may once
again be executed effective today, September 19, 2001. Participants should
review their CNS Buy-In liability report to determine their liability.
SPECIAL NOTE:
As a result of ongoing communications
problems resulting from the WTC tragedy, phone service into and out of our Water
Street offices has become increasingly un-reliable. In an effort to better serve
our Participants, NSCC has temporarily re-located our CNS BUY--IN processing
department.
EFFECTIVE IMMEDIATELY, and until further notice, our BUY-IN staff can be reached at the following phone numbers:
212-383-3958
Fax number 212-383-2917
ALL INQUIRIES AND INFORMATION SHOULD BE DIRECTED TO THE ABOVE NUMBER ONLY
DIVIDENDS:
With regard to CNS Dividends, all previously announced record dates are still in
effect unless changes are announced by the individual companies. The NYSE and
NASDAQ have announced that all ex-dividends scheduled for September 11, 2001
through September 14, 2001 were effective at the opening of business on
September 17, 2001.
Questions regarding this notice can be directed your DTCC Relationship Manager.
Kevin A. Brennan
Director, Enterprise Service Center