In an effort to improve the user experience for DTCC Limit Monitoring customers, NSCC is redesigning and enhancing the DTCC Limit Monitoring web application. As part of this effort, the existing URL will be retired and the Limit Monitoring tool will be migrated to the Clearing Dashboard. The new web screens will have the same look and feel as the Clearing Dashboard and will be consistent with other DTCC web applications, which have been recently updated.

As of December 1st, 2016, DTCC will decommission the ‘DTCC Limit Monitoring - End of Day Participant Position MRO File 02181085,’ both in the production and PSE environments.

Effective Monday, August 1st, 2016, NSCC will implement changes to the DTCC Limit Monitoring Risk Entity Daily Net Notional MRO File (Product ID: 02182189) and its corresponding report.

On June 3rd, 2016, the Securities and Exchange Commission (“SEC”) approved the rule filing file no. SR-NSCC-2016-001 (“Filing”) which, was submitted to the SEC by National Securities Clearing Corporation (“NSCC”) on April 18, 2016 pursuant to Section 19(b)(2) of the Securities Exchange Act of 1934, as amended.

As previously noted in Important Notice A#7934, P&S#7509, dated November 21, 2014, DTCC deactivated the ‘Unassigned Risk Entity’ drill-down screen for the position-by-trade view in order to perform system upgrades.

Effective Friday, March 13, 2015, DTCC released additional functionality as a part of its effort to upgrade the DTCC Limit Monitoring functionality. NSCC Members are reminded that as a result of these changes some DTCC Limit Monitoring MRO output files have new lay-out structure.

Effective Friday, March 13, 2015, DTCC will release the following enhancements to DTCC Limit Monitoring:

• Creating a new risk-entity set-up field – “Counterparty Firm (9b)”
• Renaming ”Submitting Firm” field heading “Submitting Firm (9a)”
• Creating a new alert message-type to notify of unassigned trade flow
• Permitting thousands comma to enter net-notional limit amounts
• Adding a do-not-monitor indicator
• Distributing do-not-monitor output reporting

As previously noted in Important Notice A#7913, P&S#7483, dated October 16, 2014, DTCC implemented the ‘Unassigned Risk Entity’ for all users of the DTCC Limit Monitoring tool. This risk entity monitors trade activity that is not currently assigned to any existing risk entities.

Effective Friday, November 21, 2014, NSCC will implement a new notification type sent to users of the DTCC Limit Monitoring tool. The new notification will advise firms in real-time of changes to the set-up of their risk entities. Reported updates will include creation and deletion of risk entities, creation and deletion of trade arrays, updates to the net-notional amount or updates to the content of other fields.

Starting on October 17, resolution notifications that trading activity has fallen back below thresholds, after those thresholds are breached, will only be delivered to Members by e-mail when the activity falls below the level-1 (50%) threshold. Resolution notifications are not delivered when trading activity falls below any of the other threshold levels.

As previously announced in Important Notice A#7824, P&S#7394, dated April 24, 2014, NSCC implemented into production the DTCC Limit Monitoring email functionality starting on April 30, 2014. DTCC allows e-mail address input into the tool for those NSCC Members that have set up all of their trading limits in DTCC Limit Monitoring, and have completed the initial limit level ‘calibration.’

As previously announced in Important Notice A#7703, P&S #7373 dated March 20, 2014, on February 28, 2014, the Securities and Exchange Commission (“SEC”) approved the proposed rule changes (SR-NSCC-2013-12) related to implementing DTCC Limit Monitoring.

As previously announced in Important Notice A#7688, P&S# 7358, dated February 24, 2014, DTCC
published the below onboarding schedule to ensure its Members’ operational readiness and to facilitate
their timely compliance with DTCC Limit Monitoring and the accompanying NSCC Rules.

As previously announced in important notices A#7734, dated November 15 2013,A#7738, dated November 21, 2013, andA#7743,dated November 29, 2013, subject to regulatory approval, NSCC will provide its Members with a post-trade risk management tool, called DTCC Limit Monitoring, that would allow NSCC Members to monitor trading activity and would deliver to them notifications when pre-set trading limits are reached.

On February 28, 2014, the Securities and Exchange Commission (“SEC”) approved1 the rule filing file no. SR-NSCC-2013-12 (“Filing”), which was filed with the SEC by National Securities Clearing Corporation (“NSCC”) on November 15, 2013 pursuant to Section 19(b)(2) of the Securities Exchange Act of 1934, as amended.

As previously announced, subject to regulatory approval, NSCC will provide a risk management tool, DTCC Limit Monitoring that will allow NSCC Members to monitor trading activity and will deliver to them notifications when pre-set trading limits are reached. The proposed rule change, file no. SR-NSCC-2013-12 (“Rule Filing”), is available on the DTCC website.

As previously announced in important noticesA#7734, dated November 15 2013,A#7738, dated November 21, 2013, andA#7743,dated November 29, 2013, subject to regulatory approval, NSCC will provide a risk management tool, called DTCC Limit Monitoring, that would allow NSCC Members to monitor trading activity and would deliver to them notifications when pre-set trading limits are reached. The proposed rule change, file no. SR-NSCC-2013-12, is available on the DTCC website.

As previously announced in Important Notice A#7734, P&S#7304 dated, November 15, 2013, on that date NSCC filed a proposed rule change with the SEC, SR-NSCC-2013-12 (“Rule Filing”), to amend NSCC’s Rules to provide NSCC Members with a risk management tool that would allow those Members to monitor trading activity and would deliver to them notifications when pre-set trading limits are reached (“DTCC Limit Monitoring”), as more fully described in the Rule Filing. The proposed DTCC Limit Monitoring is also described further in Important Notice A#7698, P&S# 7268, dated September 12, 2013.

As previously announced in Important Notice A#7734, P&S#7304 dated, November 15, 2013, on that date NSCC filed a proposed rule change with the SEC, SR-NSCC-2013-12 (“Rule Filing”), to amend NSCC’s Rules to provide NSCC Members with a risk management tool that would allow those Members to monitor trading activity and would deliver to them notifications when pre-set trading limits are reached (“DTCC Limit Monitoring”), as more fully described in the Rule Filing.

As previously announced in the Important Notice A#7734, P&S# 7304, dated November 15, 2013, National Securities Clearing Corporation (“NSCC”) filed a proposed rule change with the SEC which proposed to provide NSCC Members with a risk management tool that would allow those Members to monitor trading activity and would deliver to them notifications when pre-set trading limits are reached, as more fully described in the proposed rule change available on the DTCC website.