VOLUME 20 - BULLETIN #234 Allocation and Claim Transaction (ACT) for EFPs

TO:	ALL CLEARING MEMBERS
FROM:	BUSINESS SYSTEMS GROUP
DATE:	August 3, 2000
SUBJECT:	Allocation and Claim Transaction (ACT) for EFPs

On Monday, August 7, 2000, the Clearing Corporation will implement one-sided entry of EFPs or Exchange for Physicals (transaction type-‘9’.) Firms will be required to submit the sell side and claim the buy side of EFP transactions using either the Application Program Interface (API) messages via MQM TREX format or by inputting directly into the Allocation and Claim Transaction (ACT) System accessible through the Clearing Corporation’s web page. Firms should keep in mind the following:

• EFPs will no longer be entered through OTIS.

• In order to access the ACT system, users will be required to have a user id and password. All users that have access to OTIS will have access to the ACT system. A new password for OTIS users has been assigned for initial entry into ACT and can be obtained by contacting your Business Systems Representative. Users can access the new ACT system from their back office through the new customer network or through the Internet by going to BOTCC’s home page at www.botcc.com, then clicking on the firm login link. This will provide users access to ACT’s new Graphical User Interface (GUI) screens.

• Both the sell side (allocation records) and the buy side (claim records) generated from the submission of EFP transactions will be automatically transmitted to the firm’s outbound MQM queue in the TREX format for purposes of processing in bookkeeping. Firms that do not wish to receive these transactions via MQM should contact the Business Systems Group at the numbers listed below.

Please see Volume 20 – Bulletin #217 for detailed requirements regarding accessing the ACT system.

Should you have any questions, please call or e-mail one of the following Business Systems Analysts: