Centralize New-Issue Information
Collects municipal new-issue information from underwriters or their representatives and makes authorized data available to vendors.
New Issue Information Dissemination Service
Accelerate Municipal New-Issue Readiness
Municipal new issues require accurate, timely reference data before trading can begin. The New Issue Information Dissemination Service (NIIDS) gives lead managers, underwriters, placement agents and their authorized representatives a centralized, automated way to submit required information electronically as part of DTC’s New Issue Eligibility process.
NIIDS works in tandem with New Issue Eligibility to move a municipal security from pending review toward trade-eligible and settlement-eligible status. By collecting and disseminating standardized new-issue data through a common workflow, the service helps dealers access key information before the time of first execution, supporting timely trade reporting, price transparency and regulatory compliance. These capabilities help accelerate market readiness, strengthen data transparency and reduce manual handoffs, processing errors and operational risk during the municipal issuance process.
Key Features and Benefits
Disseminate Data in Real Time
Provides subscribers with timely access to authorized information, helping market participants leverage data throughout the trade lifecycle.
Support Rule G-34 Reporting Requirements
Serves as the automated hub for information needed to satisfy MSRB Rule G-34 reporting standards for municipal securities.
Single Source for Market Data
Firms enter NIIDS data once through UW SOURCE, supporting consistent data distribution across municipal market workflows.
Trade Reporting Readiness
Supports data needed for trade reporting, trade matching and trade confirmation setup as new municipal securities enter the market.
User Documentation
Access key documents, guides, forms and reference materials that support your use of this product and help you navigate important service requirements.
Resources
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Announcements & Reports
Each month, DTCC measures sigma levels for a variety of transaction processes, including those for underwriting, redemptions, dividend and interest payments, and reorganization announcements.
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Asset Services Performance Metrics
Monitor the accuracy and timeliness of principal and interest (P&I) payment allocations through DTC's Performance Metrics reporting.
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DTCC Learning
DTCC Learning provides access to training materials, educational resources and documentation designed to help users understand DTCC products, services and operational processes.
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Reference Documentation
Explore important notices, regulatory rule filings, bylaws, risk management information and operational requirements from DTCC and its clearing agencies.