The recycling system operates within a single processing day. A transaction that remains incomplete at the end of the processing day is dropped from the recycle processor. Dropped transactions must be reentered on a subsequent day.
Transactions will automatically recycle unless you expressly tell DTC not to recycle it when the transaction is input. This option, referred to as "prevent pend," is available for most types of deliveries. When instructed, DTC drops the transaction if it cannot complete immediately.
Note- The recycle processor also allows you, as a deliverer, to cancel ("kill") a recycling transaction using the Pending Transactions or Activity Inquiry functions. To activate these functions, contact your Settlement Access Coordinator.
How DTC prioritizes risk management recycles differs from how it prioritizes insufficient position recycles. The following topics explain how these transactions are prioritized.