TRACE Securitized Products User Guide - FINRA

TRACETM

Trade Reporting and Compliance EngineTM

SECURITIZED PRODUCTS USER GUIDE

REFERENCE MANUAL

MAY 25, 2016? VERSION 4.6

The information contained herein may not be copied, retransmitted, disseminated, distributed, sold, resold, leased, rented, licensed, sublicensed, altered, modified, adapted, or stored for subsequent use for any such purpose, in whole or in part, in any form or manner or by any means whatsoever, to or for any person or entity, including the purchaser, without FINRA's express prior written consent (unless such use constitutes fair use under the Copyright Act).

None of FINRA, its System Administrator, or any of its affiliates or any of their officers, employees, directors, or agents: (1) has passed on the merit of any of these investments; (2) has passed on their suitability; or (3) has endorsed or sponsored any of these investments. Advice from securities professional is strongly advised.

All information contained herein is obtained by FINRA from sources believed by it to be accurate and reliable. Because of the possibility of human and mechanical error as well as other factors, FINRA is not responsible for any errors or omissions either its own or its information providers.

All information is provided "AS IS" without warranty of any kind, and FINRA hereby expressly disclaims all express and implied warranties of any kind and makes no representation or warranty, express or implied, to any purchaser, other person, or entity, as to the accuracy, timeliness, completeness, merchantability, or fitness for any particular purpose.

The liability of FINRA (including its affiliates) and its System Administrator regardless of cause of action, whether in tort (and to the extent permitted by product liability, personal injury, or other applicable law), contract, or otherwise (unless due to willful tortuous misconduct or gross negligence of the same) to purchaser and/or third party, shall in no event exceed the amount paid by the purchaser for this information.

FINRA shall under no circumstances be liable, in contract, tort, or otherwise, to any purchaser, person, or entity, for any lost profits or lost opportunity, indirect, special, consequential, incidental, or punitive damages whatsoever, even if FINRA had been advised of the possibility of such damages.

Some states provide rights in addition to those above, or do not allow excluding or limiting implied warranties, or liability for incidental or consequential damages. Therefore, the above limitations may not apply to you or there may be state provisions that supersede the above. Any clauses declared invalid shall be deemed severable and not affect the validity or enforceability of the remainder. These terms may only be amended in writing signed by FINRA and are governed by the laws of the State of New York.

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Contents

Introduction ..................................................................................................................... 5 Reporting Party Obligations ......................................................................................... 6 Website Security and Configuration Requirements...................................................... 7 Website Access Levels ................................................................................................ 7 Contacts....................................................................................................................... 9

Web Application Overview ............................................................................................ 10 Home Page ? ................................................................... 10 Masthead Links .......................................................................................................... 10 Main Menu Bar........................................................................................................... 13

Trade Reporting Requirements ..................................................................................... 17 Normal System/Market Hours .................................................................................... 17

Trade Entry ................................................................................................................... 18 Trade Entry Fields and Allowed Values ..................................................................... 19 How to Report Executions Done on a Non-Business Day ......................................... 24 How to Report Agency Capacity Transactions........................................................... 24 Give Up and Locked-In Trade Processing ................................................................. 25 Required Agreements to process Give Up and Locked- transactions........................ 25 Reporting Give Up Transactions ................................................................................ 26 Reporting Locked-In Transactions ............................................................................. 27 Accepted and Rejected Trade Reports ...................................................................... 30

Trade Management ....................................................................................................... 31 Trade Management Search Filters............................................................................. 31 Trade Management Field Definitions ......................................................................... 33 Canceling/Correcting a transaction ............................................................................ 35 Data Actions............................................................................................................... 38

Reversals ...................................................................................................................... 39 Reversals Fields and Allowed Values ........................................................................ 40 Reversal Action .......................................................................................................... 45

Historical Trades ........................................................................................................... 46 Historical Trades Search Filters ................................................................................. 46 Historical Trades Field Definitions.............................................................................. 47 Reversal actions on a transaction: ............................................................................. 48 Reversals Fields and Allowed Values ........................................................................ 48

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Data Actions............................................................................................................... 54 Reject Scan ................................................................................................................... 56

Reject Scan Search Filters......................................................................................... 56 Reject Scan Field Definitions ..................................................................................... 57 Repairing a Reject ..................................................................................................... 58 Closing a Reject ......................................................................................................... 63 Data Actions............................................................................................................... 64 Unmatched Trade Reports ............................................................................................ 65 Unmatched Trade Reports Search Filters.................................................................. 65 Unmatched Trade Reports Field Definitions .............................................................. 66 Data Actions............................................................................................................... 66 Matched Trade Reports................................................................................................. 68 Matched Trade Reports Search Filters ...................................................................... 68 Matched Trade Reports Field Definitions ................................................................... 69 Data Actions............................................................................................................... 69 Daily List........................................................................................................................ 71 Daily List Search Filters ............................................................................................. 71 Field Definitions: Security........................................................................................... 72

Daily List Type: Security; Category: Addition or Deletion........................................ 72 Daily List Type: Security; Category: Changes ........................................................ 73 Field Definitions: Participant....................................................................................... 75 Daily List Type: Participant; Category: Addition or Deletion.................................... 75 Daily List Type: Participant; Category: Change ...................................................... 75 Data Actions............................................................................................................... 75 Security Scan ................................................................................................................ 77 Security Scan Search Filters ...................................................................................... 77 Security Scan Field Definitions .................................................................................. 78 Data Actions............................................................................................................... 79 Current Security Halt View ............................................................................................ 81 Current Security Halt View Field Definitions............................................................... 81 Data Actions............................................................................................................... 82 Security Halt History...................................................................................................... 84 Security Halt History Search Filters ........................................................................... 84 Security Halt History Field Definitions ........................................................................ 84 Data Actions............................................................................................................... 85 Participant Scan ............................................................................................................ 87

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Participant Scan Search Filters .................................................................................. 87 Participant Scan Field Definitions .............................................................................. 87 Data Actions............................................................................................................... 87 Time and Sales Scan .................................................................................................... 90 Time and Sales Data Grid Field Definitions ? Trade Details ...................................... 91 Time and Sales Data Grid Field Definitions ? Daily Summary Details ....................... 93 Time and Sales Data Grid Field Definitions ? Weekly Summary Details ................... 93 Data Actions............................................................................................................... 94 MBS RDID Daily List ..................................................................................................... 96 MBS RDID Daily List Search Filters ........................................................................... 96 MBS RDID Daily List Field Definitions ....................................................................... 96 MBS RDID Security Scan.............................................................................................. 98 MBS RDID Security Scan Search Filters ................................................................... 98 MBS RDID Security Scan Field Definitions ................................................................ 98 Trade Report File Upload ............................................................................................ 100 Trade Report Upload Formats ................................................................................. 102

Trade Entry ........................................................................................................... 102 Trade Reversal ..................................................................................................... 106 Trade Cancel ........................................................................................................ 109 Trade Correction................................................................................................... 110 Data Actions............................................................................................................. 112 Data Field Definitions .................................................................................................. 114 Glossary ...................................................................................................................... 122 Revision History .......................................................................................................... 128

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