<%@LANGUAGE="VBSCRIPT" CODEPAGE="1252"%> User's Manual for Customer Transaction Reporting

Muni Price Reporting (TRS)

MSRB Speaks on Transaction Reporting

User's Manual for Customer Transaction Reporting


Guidelines for Operations

This section presents guidelines on various aspects of customer trade reporting that apply to daily operations.

Deadline for Reporting

Report your firm's transactions by midnight of trade date. MSRB must receive your customer trade files by this deadline.

If you cannot meet this deadline, report the trade as soon as possible, even though it may be late. Some dealers refer to late-reported trades as "as-of" trades. It is important that these trades be included in the database for audit trail purposes, along with trades reported on trade date. If you report a trade late, report the actual trade date, not the date you are processing or submitting the file.

TRS Operating Schedule

The TRS system operates, and its staff is on duty, on each day NSCC compares trades. If you effect a trade on a day when NSCC does not compare trades, e.g., Good Friday, report it by midnight of the next day NSCC does comparisons.

PC TRS users should note that the TRS telecommunications system is scheduled for maintenance between 7-10 am daily and is unable to receive file uploads during that time.If TRS is unavailable at other times, this fact may be posted on MSRB Web site.

TRS Assistants

TRS assistants are available to take telephone calls between 9:00 am and 5:30 pm each day. The assistants can answer questions about your firm's error messages and can clarify system requirements or operating procedures. You may contact them by calling (703) 797-6600.

Endnotes

  1. Other names for the broker symbol are "market maker ID" (MMID), "market participant ID" (MPID), or "dealer identifier."
  2. Note: If the security is not known to the MSRB host system as one which is a variable rate instrument or in default, the MSRB may contact your firm reporting the trade to ensure that both you and we have correct information about the security and so that subsequent transaction input about the security will not be questioned in the future.