A#

5661

P&S #:

5231
  

DATE:

August 5, 2003
  

TO:

ALL PARTICIPANTS
  

ATTENTION:

MANAGING PARTNER/OFFICER;
OPERATIONS PARTNER/OFFICER;
MANAGER P&S DEPARTMENT;
MANAGER DATA PROCESSING DEPARTMENT

  

FROM:

 Peter Inguanta
  
SUBJECT: CORRESPONDENT CLEARING OUTPUT SCHEDULE MODIFICATION AND ELIMINATION OF THE LATE PASS PRINT IMAGE BLOTTER

In an effort to simplify the processing of Correspondent Clearing multi-cycle machine-readable output NSCC has decided to  modify the distribution times effective with processing date August 22, 2003.

Correspondent Clearing – Output

Correspondent Clearing Existing Schedule (Intra-day MRO 02063127)

Cycle

Approx. Output Time (Eastern)

1

1:00PM

2

3:00PM

3

6:00PM

4

9:30PM

7

10:00PM

98

10:30PM

Correspondent Clearing Schedule Effective with processing of August 22th

Cycle

Approx. Output Time (Eastern)

1

1:00PM

2

3:00PM

3

6:00PM

98

9:30PM

Correspondent Clearing Modifications  - Print Image Output

NSCC is eliminating the Correspondent Clearing Late Pass Blotter print image file, AutoRoute number 02060126, as there is no longer any data on this report.

If you have additional questions, please call your Relationship Manager or e-mail the undersigned at Pinguanta@dtcc.com.

Peter Inguanta

Director, Product Marketing and Development