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Industry Member Compliance Report Card Glossary September 2020

Last Updated: 10/16/2020

No. Report Card Field Name Definition
1 Industry Member Firm Name Name of the CAT Reporter as of the last calendar day of the Report Card month.
2 Industry Member Firm CRD CRD of the CAT Reporter Firm.
3 Period Report Card month and year.
4 Version  Version number of the Report Card for the Period.
Compliance Summary Section by Product Type
Product Type = N/A for DEL events and rejected events that cannot be parsed
5 Firm Compliance Error Rate Compliance Error Percentage for the Industry Member for the month (Firm Compliance Error Count / Processed Records Count).
6 Firm Compliance Error Count

Effective September, 2020
The total number of records for the Industry Member subject to the Compliance Error Percentage calculation for the month,

  • Equities: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count+ Outstanding Intrafirm Unlinked Records Count .
  • Options: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count+ Outstanding Intrafirm Unlinked Records Count.

Note: If a record is late and has an Intrafirm error, it is only counted once in the Compliance Error Count.
 

Effective August 2020

The total number of records for the Industry Member subject to the Compliance Error Percentage calculation for the month.

  • Equities: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count + Outstanding Intrafirm Unlinked Records Count. 
  • Options: Late Records Count + Outstanding Repairable Records Count.

Effective July 2020
The total number of records for the Industry Member subject to Compliance Error Percentage calculation for the month.

  • Equities: Late Records Count + Outstanding Repairable Records Count.
7 Days exceeding 5% Compliance Error Rate Number of days during the month the Industry Member exceeded the Maximum Compliance Error Percentage of 5%.
8 Tier

Tier of the Industry Member during the month.  Tier levels are determined by sorting Industry Members by total volume of submissions and assigned based on where an Industry Member falls within the relative distribution as defined below:

Tier Group Distribution
1 2.50%
2 2.50%
3 10.00%
4 15.00%
5 20.00%
6 50.00%
9 Peer Group Compliance Error Rate Total Compliance Error Percentage of the Industry Member’s Peer Group:
(Firm Compliance Error Count for all of the Industry Members in the same Peer Group / Processed Count for all of the Industry Members in the same Peer Group).
10 Industry Compliance Error Rate Compliance Error Percentage for the Industry (Firm Compliance Error Count for all of the Industry Members that reported during the month / Processed Count for all of the Industry Members that reported during the month).
Event Details Section by Product Type
11 Processed The total number of records processed after file has successfully passed file integrity stage. If a file failed at file integrity stage, the number of records in the file are NOT included in this count.
12 Accepted

Effective September, 2020
The total number of records accepted. 

  • Equites: Total Processed minus Ingestion Rejections minus Intrafirm Rejections minus Intrafirm Rejections. 
  • Options: Total Processed minus Ingestion Rejections minus Intrafirm Rejections.

Effective August, 2020
The total number of records accepted. 

  • Equites: Total Processed minus Ingestion Rejections minus Intrafirm Rejections 
  • Options: Total Processed minus Ingestion Rejections 

Effective July, 2020

  • Equities:  Total Processed minus Ingestion Rejections
13 Late  The total number of NEW accepted records that were reported after 8:00 a.m. ET on T+1 or COR/RPR accepted records that were reported after 8:00 a.m. ET on T+3.
14 Late Rate Percentage of Late Records (Late / Accepted). 
15 Late Reported Available January 2021 The total number of NEW accepted records that were reported after 8:00 a.m. ET on T+1.
16 Late Corrected Available January 2021 The total number of COR and RPR accepted records that were reported after 8:00 a.m. ET on T+3.
17 Rejections

Effective September, 2020
The total number of repairable rejected records. 

  • Equities: Total Ingestion and Intrafirm repairable rejected records.
  • Options: Total Ingestion and Intrafirm repairable rejected records.

Effective August 2020
The total number of rejected records. 

  • Equities: Total Ingestion and Intrafirm Rejections. 
  • Options: Total Ingestion Rejections.

Effective July 2020

  • Equities: Total Ingestion Rejections. 

If a file rejected during Ingestion, the number of records in the file are NOT included in this count.

18 Rejections Rate Percentage of rejected records (Rejections / Processed).
19 Repairable Rejections

Effective August 2020
The total number of repairable rejected records. 

  • Equities: Total Ingestion and Intrafirm repairable rejected records. 
  • Options: Total Ingestion repairable rejected records.

Effective July, 2020

  • Equities: The total number of Ingestion repairable rejected records.
20 Repairable Rejections Rate Percentage of repairable records (Repairable Rejections / Rejections).
21 Repaired Rejections

Effective September, 2020
The total number of repairable rejections.

  • Equities: Total records repaired that rejected at Ingestion or during Intrafirm linkage. 
  • Options: Total records repaired that rejected at Ingestion or during Intrafirm linkage.

Effective August 2020
The total number of repairable rejections.

  • Equities: Total records repaired that rejected at Ingestion or during Intrafirm linkage. 
  • Options: Total records repaired that rejected at Ingestion.

Effective July 2020

  • Equities: Total records repaired that rejected at Ingestion.
22 Repaired Rejections Rate Percentage of repaired records (Repaired Rejections / Repairable Rejections).
23 Outstanding Repairable Total repairable rejected records that were NOT repaired (Repairable Rejections – Repaired Rejections).
24 Outstanding Repairable Rate Percentage of Outstanding Repairable Records (Outstanding Repairable / Repairable Rejections).
25 Out of Sequence The total number of Out of Sequence Records.
26 Out of Sequence Rate Percentage of Out of Sequence Records (Out of Sequence / Accepted).
27 Out of Sequence Repaired The total number of Out of Sequence Records repaired or reconciled.
28 Out of Sequence Repaired Rate Percentage of Out of Sequence Records repaired or reconciled (Out of Sequence Repaired / Out of Sequence).
29 Intrafirm Linkage Eligible The total number of records within the firm eligible for Intrafirm Linkage.
30 Intrafirm Unlinked The total number of records within the firm that were unlinked.
31 Intrafirm Unlinked Rate Percentage of Unlinked Intrafirm Records (Intrafirm Unlinked / Intrafirm Linkage Eligible).
32 Intrafirm Unlinked Repaired The total number of Intrafirm Unlinked Records repaired or reconciled.
33 Intrafirm Unlinked Repaired Rate Percentage of Intrafirm Unlinked Records repaired or reconciled (Intrafirm Unlinked Repaired / Intrafirm Unlinked).

 

 

 

Daily Compliance Error Rate


Effective October 26, 2020, the Daily Compliance Error Rates on the Reporter Portal Reporting Summary screen are calculated as follows:

Product Type

Calculation

Equities (Accepted Late + Outstanding Rejections (Ingestion and Intrafirm) + Outstanding Intrafirm Unlinked Events + Outstanding Out of Sequence Events + Outstanding Interfirm Unlinked Events + Outstanding Exchange Unlinked Events + Outstanding TRF Unlinked Events)/Total Processed
Options (Accepted Late + Outstanding Rejections (Ingestion  and Intrafirm) + Outstanding Intrafirm Unlinked Events + Outstanding Out of Sequence Events)/Total Processed
ALL {(Accepted Late + Outstanding Rejections (Ingestion and Intrafirm) + Outstanding Intrafirm Unlinked Events + Outstanding Out of Sequence Events + Outstanding Interfirm Unlinked Events + Outstanding Exchange Unlinked Events + Outstanding TRF Unlinked Events) for EQUITIES and OPTIONS/Total Processed

 

  • Note: The records counted in the numerator of the Daily Compliance Error Rate are a distinct count of Events. For example, if a record that is reported late has an out of sequence event and an intrafirm unlinked event, then it will be counted only once in the Daily Compliance Error Rate.
  • Named Errors do not participate in the Compliance Error Rate.