VOLUME 21 - BULLETIN #83
TO:
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ALL CLEARING MEMBERS
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FROM:
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BUSINESS SYSTEMS GROUP
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DATE:
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April 3, 2001
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SUBJECT:
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Online Pay/Collect System Upgrades
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Effective on the evening of Thursday, April 5, 2001, The Clearing Corporation will upgrade the Online Pay/Collect System to include Final Settlement numbers (click here for example) and will be available virtually 24 hours a day (except for a 20 minute maintenance period between 5:40 AM and 6:00 AM).
Beginning that day the Online Pay/Collect System will follow the schedule listed below:
6:00 AM
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Pay/Collect system is available for that day’s business
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1:40 PM*
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Variation Position Balance, Variation Call: Early Calculation available
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2:10 PM*
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Variation Pay/Collect Balance, Variation Call available
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3:15 PM
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Last price update
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7:30 PM
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Last Position Update
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10:30 PM*
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Final calculations from the Daily Trade and Position Register are posted
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5:40 AM
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Final Variation numbers from previous day are removed. System is brought down for 20 minutes for maintenance
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* approximate times
The Final Settlement numbers will reflect the same information contained in the Banking Summary section of the Daily Trade and Position Register (report CLR00234D1) and will detail final Pay/Collect numbers for any divisions. The Final Call calculation nets the firm’s total Pay/Collect and the Midday Variation. Margin calculations and “drill down” capability will not be available for the final numbers. Money transactions resulting from Electronic Shipping Certificate deliveries will not be included in these numbers.
Should you have any questions, please call or e-mail one of the following Business Systems Analysts:
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