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ETF T0 Release
For Phase 1, NSCC is targeting May 28, 2024 for the launch of the T0 Create/Redeem cycle with submission of a Cash Collateral Amount (buffer) and EOD Collateral Cash Adjustment (true-up). To help you prepare for the ETF T0 release, we've provided the following content that reflects the improvements for this release:
Client Business Requirements: T0 Same Day Settling Create/Redeem Cycle With End of Day Cash True-up
ETF T0 Release: Enhanced ETF Create and Redeem Instruction Input MRO: DATATRAK Production 11300/PSE 41300
ETF T0 Release: Enhanced ETF Create and Redeem Instruction Data Output (MRO): AutoRoute Production 02261254/PSE 02981254
T+1 Settlement Cycle Release
The current T+2 settlement cycle is a convention of market practice and shortening that period as regular-way for all market participants will require industry coordination, similar to the change in 2017 from T+3 to T+2. DTCC is prepared to move quickly to accelerate the settlement cycle to T+1 and beyond and has already implemented several key operational enhancements that lay the foundation for this change.
NSCC Primary Market Create/Redeem Functional Requirements
UTC Common Trade FIX Output Format
UTC Intraday MRO (02081673) Trade Capture Data - Output Format