Courses Offered: Settlement Services - CNS
The Continuous Net Settlement (CNS) System is an automated book-entry accounting system that centralizes the settlement of compared security transactions and maintains an orderly flow of security and money balances.
The CNS learning track introduces Continuous Net Settlement, an accounting and fail control system used for settling equities and fixed-income securities that are NSCC- and DTC-eligible.
| Course Name | Description |
| CNS 101: Processing and Reporting | - The purpose of CNS
- The role of DTC in the CNS process
- Information generated by NSCC for CNS
|
| CNS 102: Non-CNS Balance Orders | - Definitions of "balance orders" and other key terms
- How balance orders are determined
- Information on NSCC's non-CNS reports
- How foreign securities are processed by NSCC
- Benefits of the Foreign Securities Comparison and Netting (FSCN) service
|
| CNS 201: Possession and Control | - How to process a CNS exemption
- How to enact a CNS provide override
- The CNS Stock Borrow program
- Benefits of using the Fully-Paid-For Account
|
| Dividends Service 205: CNS Dividends | - How dividends are handled within CNS
- Reports relating to CNS dividends
- The dividend claim process
|
| Reorganization Service 209: CNS Reorganizations | - How reorganizations are processed via CNS
- Reports and notices produced by NSCC regarding reorganizations
- A comprehensive case study to test your knowlege of CNS reorganizations
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