Stock Loan Payment Order (SLPO) Overview

The Stock Loan Payment Order (SLPO) function is used to create adjustments to a pending or historical stock loan.

You can create a credit or debit SLPO against a contra participant. The processing date must be the payable date or later of the stock loan, and must be at least the following business day of submitting the SLPO. A contra party can reject an SLPO by 14:30 on processing date.

The purpose of this Online Help is to familiarize The Depository Trust Company ("DTC") Participants with Corporate Actions Services functionality. Participants should refer to the Rules of DTC and other applicable Self-Regulatory Organizations for the legal obligations of all parties concerned. This Online Help is not intended to serve as a legal document. No statement in this Online Help should be construed as a legally binding rule or regulation or as creating an obligation on the part of DTC, NSCC or any person. Copyright 2006©