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The CNS® system is the core netting, allotting, and fail-control engine of NSCC. Within CNS, each security is netted to one position per participant, with NSCC as its central counterparty (novation). From CNS, you can

  • Search for open CNS positions, including long and short buy-in positions.
  • View the CNS cash balance for your participant account.
  • Add, edit, delete, and search for existing fully-paid-for, exemption, and priority instructions.

CNSThe CNS learning content is designed to familiarize NSCC participants with all the functions of the CNS process. Review CNS learning content to:

  • List all the reports that are used to complete and balance daily settlements.
  • Explain each report, its function, and how it relates to each step in the settlement process.
  • Explain how the netting process works.
  • Explain the importance of the Consolidated Trade Summary (CTS).
  • Explain a one-day settling trade.
  • Distinguish between CNS and Non-CNS transactions.
  • Explain the importance of the Miscellaneous Activity report.
  • Understand the importance of the Preliminary and Final Cash Reconciliation Statements and the Daytime and Nighttime Settlement Activity Reports.
  • Understand the importance of the Final Settlement Statement and the Accounting Summary.

Members should refer to the Rules and Procedures of NSCC and other applicable parties for the legal obligations of all parties concerned. This guide is not intended to serve as a legal document. All brokerage firms and member numbers are fictional and used for illustration only. No statement in this content should be construed as a legally binding rule or regulation, or as creating an obligation on the part of NSCC or any person.

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    SMART/Track for CNS Corporate Actions Help


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    SMART/Track for CNS Corporate Actions Frequently Asked Questions


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    CNS Allocation Priority Order


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    CNS Broker Master File for AutoRoute ID: 02040018


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    CNS Reorganization Master File for AutoRoute ID: 02042251


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    CNS Equity Master File - Production AutoRoute ID: 02010612


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    CNS Equity Master File - Production AutoRoute ID: 03020150


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    CNS Reports and Statements Guide


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    CNS Equity Master File - Production AutoRoute ID: 02040290


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    CNS Bond Security File for AutoRoute ID 02040254 (Weekly) and 02040257 (Monthly)


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    CNS Dashboard User Guide


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    CNS Miscellaneous Activity (Extended) MRO: AutoRoute ID 02040343 (Night) and 02040331 (Day)


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    CNS Exemptions


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    CNS Opening Position Prior to Night Cycle: AutoRoute 02040951


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    CNS Opening Position Prior to Day Cycle: AutoRoute ID 02040949


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    CNS Intraday ISO 15022 Message Format


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    CNS Projection (Midday): AutoRoute ID 02042358


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    CNS Projection (Midday) CSV: AutoRoute ID 02042366


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    CNS Projection Report: AutoRoute 02042022


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    CNS Buy-In Activity: AutoRoute ID 02040890


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    SMART/Track for Corporate Action Notification Service User Guide


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    CNS Seg Exemption Input: DataTrak ID 06121 - Original and Y2K Format


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    CNS Miscellaneous Activity: AutoRoute 02042008 (Night) and 02041236 (Day)


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    CNS Account Summary: AutoRoute ID 02042024


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    CNS Night Settlement Activity: AutoRoute ID 02042023 (Night) and 02041234 (Day)


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    CNS Dividend Activity MRO: AutoRoute ID 02040787


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    CNS Due Bill Activity MRO: AutoRoute ID 02040786


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    CNS Fully Paid Input: DataTrak ID 06351 - Y2K Format


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    CNS Ancillary Services


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    To access Fully Paid For Accounts, you need to be able to access DTCC’s Customer portal. If you do not have access, contact your access coordinator and request access to the portal and under available products, “CNS”.

    After accessing the portal, click CNS from the Available Production Products.

    CNSPortal

    Click To Enlarge

     

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    Fully Paid For Account: 

    • Special subaccount within NSCC's CNS system that assists participants in maintaining compliance with possession and control requirements pursuant to Rule 15(c)3-3 of the Securities Exchange Act.
    • Allows participants to complete settlement obligations based on anticipated same-issue allocations from CNS. Third-party deliveries for credit through the Institutional Delivery system are facilitated by this CNS subaccount.
    • Available for CNS-eligible equities, corporate bonds, unit investment trusts, rights, and warrants.

     

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    The Fully Paid For Account is available to all NSCC full-settling members and especially benefits those that serve both retail and institutional client bases.

     

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    Fully Paid For Account:

    • Does not force you to arrange for "iffy" borrows or to wait for expected allocations and separately process third-party deliveries.
    • Expedites and synchronizes street- and customer-side settlement, facilitating cash-flow planning, and reducing interest and carrying costs.
    • Enhances and maintains the protection of your customer securities.

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