| A# |
5909 |
| P&S #: |
5479 |
| DATE: |
October 1, 2004 |
| TO: |
ALL PARTICIPANTS |
| ATTENTION: |
MANAGING PARTNER/OFFICER; OPERATIONS PARTNER/OFFICER; CASHIER; MANAGER P & S DEPARTMENT; MANAGER DATA PROCESSING DEPARTMENT |
| FROM: | VINCENT MCDEVITT |
| SUBJECT: | CNS EXEMPTION "ALL" INDICATOR TO INCLUDE ALL ACTIVITY |
As part of the CNS Rewrite, which was implemented on August 6, 2004, NSCC introduced a new “ALL” indicator for CNS exemption processing. This indicator currently applies to a participants opening position, regular settling trades and regular miscellaneous activity and does not include one day settling trades, same day settling trades, one day miscellaneous activity and same day miscellaneous activity.
At the request of several participants this new indicator will be expanded to include all CNS activity. Therefore when a participant submits an CNS exemption with the “ALL” indicator to NSCC for processing this instruction will apply to a participants opening position, regular settling trades, regular miscellaneous activity, one day settling trades, one day miscellaneous activity, same day settling trades and same day miscellaneous activity.
This change to CNS exemption processing will go into effect with processing for settlement date of October 13,2004.
A copy of this Important Notice or any other NSCC Important Notice can be found at NSCC’s Web site http://www.nscc.com in the Important Notice section. If you have any questions regarding these modifications, please contact DTCC Relationship Management hotline at (212) 855-4155, or the undersigned at (212) 855-5694.
Vincent Mc Devitt
Manager, Product Management