The Consolidated Trade Summary (CTS) system defines the expected settlement path for each transaction received by Universal Trade Capture (UTC) 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 UTC prior to the settlement date. The information is broken down into CNS and non-CNS sections. The system provides a clear distinction between non-CNS guaranteed versus not guaranteed.

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