Equities Clearing

Welcome! In this section of the DTCC Learning Center you will find the resources you need to maximize your use of DTCC’s Equities Clearing offerings. To find the content you need, either use the Search field or select a product below to access user guides, file specifications, video tutorials, FAQs, and more. Login to learn more about all of the Equities Clearing products and services.

DTCC clears and settles virtually all broker-to-broker equity, listed corporate and municipal bond, and unit investment trust (UIT) transactions in the U.S. equities markets. DTCC advances new initiatives, drives development of products and services that mitigate risk, reduces costs, and enhances processing efficiencies for market participants.

The Equities Clearing products and services assist you from pre-trade to trade capture, National Securities Clearing Corporation (NSCC) trade processing, and settlement, either through DTC or other settlement locations. NSCC provides clearing, settlement, risk management, central counterparty services, and guarantees completion for certain transactions for virtually all broker-to-broker trades involving equities, corporate and municipal debt, American depository receipts, exchange traded fund (ETF), and unit investment trust (UIT) transactions in the U.S. equities markets. DTCC advances new initiatives and drives product and service development that mitigate risk, reduce costs, and enhance processing efficiencies for market participants.

In the following NSCC trade flow, hover over the product name in sienna for a brief desciption, and then click an item to learn more about that Equities Clearing product or service.

The Exchange Traded Fund (ETF) process generates clearance instructions that are validated through Universal Trade Capture (UTC). The ETFs and their underlying securities move through the settlement workflow process for clearing through NSCC.
VIEW SECTION
Corporate, Municipal, and UIT (CMU) is a secure, trade entry management tool that incorporated robust search capabilities, statistical reporting, and exception processing.
VIEW SECTION
The Universal Trade Capture (UTC) system validates and reports equity transactions that are submitted to NSCC throughout the trading day by exchange or qualified special representatives (QSRs) that are NSCC members.
VIEW SECTION
The Consolidated Trade Summary (CTS) system defines the expected settlement path for each transaction received by the Universal Trade Capture (UTC) system as eligible for CNS® or non-CNS. CTS provides a breakdown, by security, market, and settlement date for the net of all trade positions received by UTC prior to the settlement date.
VIEW SECTION
CNS is the core netting, allotting, and fail-control engine operated by NSCC. It is the standard for clearing and settling equities, fixed income, and other eligible securities at DTC.
VIEW SECTION
Obligation Warehouse provides an automated service for matching obligations submitted by members for U.S. securities classified as equities, corporates, or unit investment trusts (UITs). In addition, Obligation Warehouse receives matched trades through Consolidated Trade Summary (CTS).
VIEW SECTION
The Automated Customer Account Transfer Service (ACATS) system automates and standardizes procedures for transferring assets in a customer account from one brokerage firm or bank to another.
VIEW SECTION
The CBRS application is an automated system that supports the transfer of cost basis information from one firm to another for any asset transfer.
VIEW SECTION
DTCC Limit Monitoring is a risk mitigation tool that leverages, in near real-time, the largest aggregate equity trading information in the industry to bring unprecedented post-trade insights to our client.
VIEW SECTION
The Securities Financing Transaction (SFT) Clearing service provides central clearing for equity lending and borrowing transactions, leveraging the clearing capabilities, risk management, and efficient infrastructure of the DTCC equities clearing subsidiary, National Securities Clearing Corporation (NSCC).
VIEW SECTION

CBRS Daily Deposit Web Output File for Transfer Agents – AutoRoute Production ID: 02401649 / PSE 02981649

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

CBRS Daily Deposit Transfer Agent File for Data Transmission Facility (DTF)

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

Clearing Fund Management - GSD Help

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

Clearing Fund Management - MBSD Help

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

UTC Broker Suspension Message

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

CBRS Application Output Header and Trailer

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

Clearing Fund Management - NSCC Help

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

CBRS Transaction Output MRO - AutoRoute Production ID: 02400264 / PSE 02980264

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

CBRS Tax Lot Input (T) - DATATRAK SYSID: Production 36708 / PSE 46708

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

Cost Basis Asset Input (A) - DATATRAK SYSID: Production 36708 / PSE 46708

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

Consolidated Trade Summary (CTS) Web-Based Inquiry Tool User Guide

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.

CNS® Overview: Part 1

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.
back to top