TradeSuite Broker Reversal CNS to PDQ (IDPB)

The IDPB function allows Reversal of Affirmation Status for CNS.

To access the IDPB function, log into PBS. select Omgeo Services from the menu, then select IDPB under Trade Input.

Prime brokers have the option under certain circumstances, to disaffirm an affirmed confirmation back to unaffirmed status. Only prime brokers have access to the IDPB disaffirmation function in the TradeSuite ID service through PBS terminals. When disaffirmation becomes necessary, the prime broker can use the IDPB function to enter the individual DTC control number of those trades to be disaffirmed.

 

Field
Name

Length

Format

M/O
/C

Vali-
date

Field Description
Settlement Date 6 Numeric 9(6) M Y

Date, in MM/DD/YY format, when the

trade is due to settle. The settlement

date is greater than or equal to the

trade date. For When-Issued or

When- Distributed trades, the value

can be zero

Prime Broker ID

5

Numeric 9(5)

M

Y
    ID Number of the prime broker/dealer account where a broker, acting as a clearer, directs other brokers to execute the trade.
DTC Control Number 9 Numeric 9(9) M Y Number assigned by the TradeSuite ID® service to a broker/dealer’s trade.

When the details appear:

  1. Type S to see more Details.
  2. Type U and Update to Disaffirm.
  3. Click Verify Disaffirm to verify trades.