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DTCC Learning
Courses Offered: Clearance Services - RECAPS
The RECAPS learning track introduces the National Securities Clearing Corporation's (NSCC) Reconfirmation and Pricing Service, which facilitates the settlement of aged fails.
| Course Name |
Description |
| RECAPS 101: Introduction to RECAPS |
- What RECAPS is
- How the RECAPS process works
- The RECAPS cycle
- How to submit CUSIPs and fails to RECAPS
|
| RECAPS 201: RECAPS Contracts |
- Understanding the difference between purchase and sales contracts
- Three possible RECAPS trade statuses
- Five issue types in RECAPS contracts
- Interpreting relevant data on purchase contracts
- Determining trade matching and settlement parameters for transactions using the purchase report
|
| RECAPS 202: CNS Reports |
- Reports that display Continuous Net Settlement (CNS) transactions
- Identifying the information found on each report
- The four marketplace codes
- Six totals displayed on the RECAPS CNS Compared Trade Summary
- Interpreting data on equities reports
- Interpreting data on municipal bond reports
- Detailing the information displayed on the RECAPS CNS Projection Report
|
| RECAPS 203: Non-CNS Reports |
- Identifying and defining the system through which non-CNS transactions are processed
- Reports that display non-CNS transactions
- Identifying the information found on each report
- Interpreting non-CNS report data
|
| RECAPS 204: Corrective Actions and Final Settlement |
- Purpose of the RECAPS Advisory Report
- Determining necessary corrective actions on equities and municipal bond reports
- Correcting discrepancies on equities and municipal bond reports
- Purpose of supplemental reporting
- Submitting fails that were omitted from initial RECAPS input
- Information in supplemental reporting contracts
- How to access your NSCC account statement
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