OW Important Notices

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Participant Services Environment (PSE) Web Portals for Equities Clearing Change URL (02/12/2016) Popular #

The Depository Trust and Clearing Corporation (DTCC) will be updating the Participant Services Environment (PSE) web portal applications. To enforce security best practices the PSE portal URL will be updated to https://portalu.dtcc.com.


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Rule Filing - SR-NSCC-2015-009 - Obligation Warehouse Fees (12/29/2015) Popular #

Modify Addendum A (Fee Schedule) to adjust fees related to NSCCs ACATS, OW, FundSERV, Insurance and Retirement Processing, and AIP services.


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Testing Available for Obligation Warehouse Web (08/17/2015) Popular #

The National Securities Clearing Corporation (NSCC) is migrating to Microsoft Internet Explorer version 11for all internet based web portals. The Obligation Warehouse (OW) will be upgrading to the Internet Explorer version 11 on September 10, 2015.


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Year 2016 Obligation Warehouse RECAPS Schedule (08/11/2015) Popular #

The dates for NSCC’s monthly Reconfirmation and Re-pricing Service (RECAPS) have been scheduled for 2016. Equities, Municipals, Corporates and UITs that are two business days or older are eligible for NSCC for comparison and re-pricing.


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Obligation Warehouse Enhancement to Communication with DTC's IMS Processing (06/04/2014) Popular #

National Securities Clearing Corporation (NSCC)’s Obligation Warehouse (OW) will enhance its communication with DTC’s Inventory Management System (IMS) to further streamline processing of transactions. The changes described in this notice are expected to be effective in the fourth quarter of 2014.


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Obligation Warehouse's Pair Off Function Production Launch on March 7, 2014 (02/13/2014) Popular #

As previously announced in Important Notice A# 7684, P&S# 7302, dated August 15, 2013, National Securities Clearing Corporation (“NSCC”) filed a proposed rule change with the Securities and Exchange Commission (“SEC”) which proposes to add a new service to NSCC’s Obligation Warehouse (“OW”) which would pair off and close eligible open obligations, reducing the number of open obligations in OW, as more fully described in the Rule Filing.


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NSCC Rule Filing (SR-NSCC-2014-01) - Fee Changes for OW Pair Off Function (02/12/2014) Popular #

On November 14, 2013, National Securities Clearing Corporation (“NSCC”) filed a proposed rule change (SR-NSCC-2013-11) (the “Rule Filing”) with the Securities and Exchange Commission (“SEC”) pursuant to Section 19(b)(2) of the Securities Exchange Act of 1934, as amended. The proposed rule change will add a new service to NSCC’s Obligation Warehouse (“OW”) which would pair off and close eligible open obligations, reducing the number of open obligations in OW, as more fully described in the Rule Filing.


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Testing Obligation Warehouse's Pair Off Function (01/27/2014) Popular #

The 2014 dates for National Securities Clearing Corporation (NSCC)’s monthly Reconfirmation and Re-pricing Service (RECAPS) in the Obligation Warehouse (OW) have been scheduled and are set forth in the table below. All compared obligations (in the OPEN status) that have failed settlement for two business days or more will be processed through the RECAPS cycle.


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Approval of Rule Filing (SR-NSCC-2014-01) - OW Pair Off Function (01/09/2014) Popular #

Subject to required regulatory approval, the National Securities Clearing Corporation (NSCC) is proposing to enhance the Obligation Warehouse (OW) by adding a function that will “pair-off” certain eligible Open Obligations in the same CUSIP, and ultimately close those obligations. This proposal will provide Members with an automated service to help them remove certain Open Obligations from their books and records, and is expected to be implemented sometime during the first half of 2014.


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Reminder: Testing Obligation Warehouse's Proposed Pair Off Function (01/07/2014) Popular #

As previously announced in Important Notice A# 7665, dated January 9, 2014, the National Securities Clearing Corporation (NSCC) will add a new service to its Obligation Warehouse (“OW”) which would pair off and close eligible open obligations, reducing the number of open obligations in OW (“Pair Off”). This new service will be implemented in production on March 7, 2014.


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Timeline for Testing Obligation Warehouse's Proposed Pair Off Function (11/22/2013) Popular #

On February 12, 2014, National Securities Clearing Corporation (“NSCC”) filed a proposed rule change (SR-NSCC-2014-01) (the “Rule Filing”) with the Securities and Exchange Commission (“SEC”) pursuant to Section 19(b)(3)(A) of the Securities Exchange Act of 1934, as amended. The proposed rule change will revise NSCC’s fee schedule (as listed in Addendum A of the Rules) in order to implement a fee for the new OW Pair Off service being added to NSCC’s Obligation Warehouse (“OW”).


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Rule Filing (SR-NSCC-2013-11) - OW Pair Off Function (11/14/2013) Popular #

As previously announced in Important Notice, A#7739, P&S# 7309, dated November 22, 2013, testing for NSCC’s proposed Obligation Warehouse Pair Off function is in progress. NSCC Rule changes related to the Pair Off function were approved by the Securities and Exchange Commission on January 7, 2014.


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Year 2014 Obligation Warehouse RECAPS Schedule (10/01/2013) Popular #

On January 7, 2014, the Securities and Exchange Commission (“SEC”) approved the rule filing file no. SR-NSCC-2013-11 (“Filing”), which was filed with the SEC by National Securities Clearing Corporation (“NSCC”) on November 14, 2013 pursuant to Section 19(b)(2) of the Securities Exchange Act of 1934, as amended.


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Obligation Warehouse Proposes to Enhance Service With Pair Off Function (08/15/2013) Popular #

As previously announced in Important Notice, #7739, P&S# 7309, dated November 22, 2013, testing for NSCC’s proposed Obligation Warehouse Pair Off function is in progress. The proposed Pair Off function is more fully described in the proposed rule change filed with the Securities and Exchange Commission on November 14, 2013. 


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Obligation Warehouse Phase II Enhancements Release Reminder (04/04/2013) Popular #

Please be reminded that, as announced in Important Notice A# 7600, P&S# 7170, dated March 8, 2013, the National Securities Clearing Corporation (NSCC) will be implementing into production the Phase II Enhancements for the Obligation Warehouse (OW) on the evening of May 2, 2013, with the first effective date in production on May 3, 2013.


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Obligation Warehouse Phase II Enhancements Release Date Changed to May 2, 2013 (03/08/2013) Popular #

The National Securities Clearing Corporation (NSCC) will implement into production the Phase II Enhancements for the Obligation Warehouse (OW) on May 2, 2013, which is a delay to the previously announced date in Important Notice A#7564, P&S# 7134, dated January 8, 2013.


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Obligation Warehouse Phase II Enhancements Testing and Production Implementation Timeline (01/08/2013) Popular #

National Securities Clearing Corporation (NSCC) will be adding Phase II Enhancements to its Obligation Warehouse (OW), as previously described in NSCC Important Notice A# 7428, dated May 21, 2012. Pending any unforeseen issues, the OW enhancements will be implemented into production on March 16, 2013, and will be effective on March 18, 2013.


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Obligation Warehouse RECAPS Schedule for 2013 (12/18/2012) Popular #

The 2013 dates for National Securities Clearing Corporation (NSCC)’s monthly Reconfirmation and Re-pricing Service (RECAPS) in the Obligation Warehouse (OW) have been re-scheduled. The second RECAPS of each month will now be held closer to the end of the month, as requested by Members.


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Obligation Warehouse December 7, 2012 RECAPS Test CANCELLED (11/27/2012) Popular #

National Securities Clearing Corporation (NSCC) has cancelled the test for the enhancements to Obligation Warehouse (OW) Re-Pricing and Confirmation Service (RECAPS) that was scheduled for December 7, 2012. An Important Notice will be issued with the dates of the test when it has been rescheduled.


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Year 2012 Obligation Warehouse RECAPS Schedule (11/19/2012) Popular #

The National Securities Clearing Corporation (NSCC) is adding an additional Reconfirmation and Repricing Service (RECAPS) in the Obligation Warehouse (OW) scheduled for Thursday, November 29, 2012 at 6:00 PM ET with completion at close of business. The updated schedule of the remaining dates for NSCC’s monthly RECAPS for 2012.