The Consolidated Trade Summary (CTS) system defines the expected settlement path for each transaction received by the Universal Trade Capture (UTC) service as eligible for CNS® or non-CNS.
- CNS-eligible transactions are guaranteed by the central counterparty until settlement.
- Non-CNS obligations are further defined as guaranteed and not guaranteed until the contractual settlement date.
The CTS system provides a breakdown, by security, market, and settlement date for the net of all trade positions received by the UTC service prior to the settlement date. The information is broken down into CNS and non-CNS sections, providing a clear distinction between non-CNS guaranteed versus not guaranteed.