oasys: code of practie -...

Code of Practice for Confirming Electronic Trades

OASYSCODE OF PRACTICE FOR CONFIRMING ELECTRONIC TRADES

FEBRUARY 07, 2018

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CONTENTSPreface 4

Audience 4Changes in This Version of the Document 4Related Documents and Training 4Questions? 4

Code of Practice 5Response Times 5Deadlines 5System Availability 5Staffing 5About This Document 6

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PREFACEThis guide outlines response times, deadlines, system availability, and staffing for the OASYS service.

AudienceThis guide is for systems analysts, programmers, and others who will implement the integration of the the OASYS service.

Changes in This Version of the DocumentThe changes in this version of the document conform to current branding guidelines; there are no content changes.

Related Documents and TrainingFor related documents and training in the DTCC Learning Center, go to Institutional Trade Processing OASYS.

Questions?The DTCC Client Center provides general assistance and technical help. Visit www.dtcc.com/client-center to:

l Enter a service request or check the status of an existing service request l Search the knowledge base l Access the documentation library


https://dtcclearning.com/products-and-services/menu-institutional-trade-matching/menu-oasys.htmlhttps://dtcclearning.com/products-and-services/menu-institutional-trade-matching/menu-oasys.htmlhttp://www.dtcc.com/client-center

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CODE OF PRACTICEThe OASYS service Advisory Board has developed these guidelines to ensure that all OASYS service users can meet and benefit from a pre-defined set of performance standards.

It is important for the success of the system that all participants, both current and future, use their best endeavors to adhere to these guidelines. If participants do not meet these standards, users may not obtain the full benefits of the system.

The OASYS service is integrated into the system of each participant.

DTCC consulting services can make systems integration resources available to any clients needing assistance to automate their OASYS service processes.

Response TimesTo prevent the end-of-day rush, the board strongly recommends following the guidelines for response times listed in Table 1:

Participant Action Recommended Response Time

Broker/dealers Communicate prices to institutions No later than 15 minutes after execution

Respond to OASYS trades With 30 minutes of receiving the trades

Institutions Communicate allocations to broker/dealers Within 30 minutes of receiving prices from broker/dealers

Table 1 Recommended Response Times

DeadlinesTo ensure that all participants can complete their daily processing on trade date, DTCC suggests the deadlines listed in Table 2:

Participant Action Recommended Response Time

Institutions Send all allocations to OASYS 16:45 EST

OASYS Delivers all allocations to the mailboxes of broker/dealers 17:00 EST

Broker/dealers Respond to all allocations 17:30 EST

Table 2 Suggested Deadlines

System AvailabilityThe systems of all participants should be available during normal business hours.

StaffingAt least two operational contacts should be provided for the system.


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About This DocumentThe document is constantly evolving as electronic trade confirmation (ETC) extends to new markets and new instruments. Access to the content of the evolving Code of Practice clients is through the Advisory Board Code of Practice working parties.


FOR MORE INFORMATION

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Code of Practice for Confirming Electronic TradesContentsPrefaceAudienceChanges in This Version of the DocumentRelated Documents and TrainingQuestions?

Code of PracticeResponse TimesDeadlinesSystem AvailabilityStaffingAbout This Document