Buy-Ins

SMART/Track for Buy-ins is a web-based system that enables automated communication and tracking of NSCC CNS and non-CNS (e.g., NYSE, AMEX, NASD and NSCC Non-CNS) buy-in notices as well as Municipal Securities Rulemaking Board (MSRB) closeouts. Through the system, clients can create, send, process, and track a notice throughout its lifecycle.

Example:

On the settlement afternoon of T+2, Broker A sends an intent to buy-in notice via SMART/Track to Broker B notifying that broker that they have not received the expected position. If broker B does not satisfy the position, broker A may execute a buy in and purchase the position at a potentially much higher price.

For more information:

•  To see SMARTTrack for Buy-Ins User Guides, click the Resources tab.

Agency Lending Disclosure

This messaging product transmits open loan data between lenders and borrowers.

Example:

An agent borrower analyzes daily open loan files using SMART/Track for Agency Lending Disclosure. 

For more information:

• See the Agency Lending Disclosure user guide.