Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens to trades that are cash trades, next day settlement, or ex-clearing, that do not go to the NSCC file?

April 26, 2017cash file happens nscc trades

0

Posted

What happens to trades that are cash trades, next day settlement, or ex-clearing, that do not go to the NSCC file?

1 Answer

0

Posted

These trades must be reported. If you are using NSCC to report, they may be reported using NSCC. For such trades (trades that you do not want NSCC to process), mark them “DEST03″ in the Trade Instruction Processing Narrative field for ” FINRA Only” and “NSCCREGO” as the Receiver in the Message Header. NSCC will forward these to TRACE without looking at them.