A#

5715

P&S #:

5285
   

DATE:

November 11, 2003
   

TO:

ALL PARTICIPANTS
   

ATTENTION:

Managing Partner/Officer; P&S Manager; Cashier Manager; Data Processing Manager; Fund/SERV Participants
   

FROM:

ENTERPRISE SERVICE CENTER
   
SUBJECT: YEAR 2004 RECAPS SCHEDULE

Dates for NSCC’s quarterly Reconfirmation and Repricing Service (RECAPS) have been scheduled for 2004.  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.

YR 2004 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

Supplementary input (e.g., advisories, as-of’s) must be submitted no latter 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 directed to NSCC Participant Services at

(212) 855-4155 or Louis Recco at (212) 855-5708.

Louis Recco
Enterprise Service Center
Manager