About Stock Loan / Repo Adjustments



Clients may enter memo adjustments to the income-tracking portion of a stock loan or repurchase agreement.



After submitting an adjustment, your contra party is able to approve or reject it.


 

How It Works

  1. The originating participant enters a stock loan or repo adjustment.

  2. The contra party approves or cancels the stock loan or repo adjustment.

  3. Adjustments submitted and not approved or cancelled will remain in the system for up to 20 business days and then are removed from the Settlement Web and no longer actionable.

a.     If the adjustment is removed from the system prior to the desired approval, clients would need to enter a new adjustment on the Stock / Loan Repo Adjustment Submission page.

b.     Adjustments that have been approved or canceled remain for an additional two days and then are removed and no longer able to be viewed on the Stock Loan / Repo Adjustment Activity page.

Tip: Adjustments approved within the last 60 business days may be viewed in the Settlement Activity Inquiry page. Search via activity code “210” for stock loan and “211” for repo.

  1. Secondary approval is available for stock loan / repo adjustments, requiring someone other than the individual who entered the adjustment to approve it. To set up this feature, use the Secondary Transaction Approval page under the Profiles menu.

  2. Bulk upload of stock / loan repo adjustments, approvals, and cancellations using a spreadsheet is available. To utilize this feature, access the templates from the “Getting Templates” help topic. To upload your data, use the Settlement Transaction File Upload page under the Transaction Submission menu.