MSRB NOTICE 2009-11 (MARCH 27, 2009)

REMINDER OF APRIL 1, 2009 EFFECTIVE DATE OF MSRB SHORT SYSTEM FOR VARIABLE RATE EMAND OBLIGATIONS

The MSRB reminds brokers, dealers and municipal securities dealers (collectively “dealers”) of the April 1, 2009 effective date of changes to MSRB Rule G-34, on CUSIP numbers, new issue and market information requirements, to require dealers to report interest rate and descriptive information about municipal Variable Rate Demand Obligations (“VRDO”) to the MSRB’s Short-term Obligation Rate Transparency (“SHORT”) System.[1]  Information about the SHORT System, including system registration information, system specifications and the SHORT System Web Interface User Manual, can be found in MSRB Notice 2009-05 (January 28, 2009).   

Questions about testing the SHORT System and registering to use the SHORT System should be directed to the Market Information Help Desk at 703-797-6668.  Other questions about this notice should be directed to Justin R. Pica, Director, Uniform Practice Policy, at 703-797-6716.

March 27, 2009