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Using Obligation Warehouse

The Obligation Warehouse (OW) was approved by the Securities and Exchange Commission (SEC) to replace the legacy RECAPS (Re-Confirmation and Pricing Service) system. OW provides NSCC Members with the technology and functionality of a trade matching facility and automated confirmation process to submit ex-clearing obligations not otherwise submitted to NSCC through its trade comparison or recording services.

Use the expandable menu below to learn about the features and functionality of the Obligation Warehouse and access training tools for OW Web.