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Industry Member Compliance Report Card Glossary January 2021

Last Updated: 2/19/2021

No.Report Card Field NameDefinition
1Industry Member Firm NameName of the CAT Reporter as of the last calendar day of the Report Card month.
2Industry Member Firm CRDCRD of the CAT Reporter Firm.
3PeriodReport Card month and year.
4Version 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
Effective with the January 2021 Report Card, an aggregation of statistics for all products is provided in the “Overall” Column
5Firm Compliance Error RateCompliance Error Percentage for the Industry Member for the month (Firm Compliance Error Count / Processed Records Count).
6Firm Compliance Error Count

Effective January, 2021
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 + Outstanding Interfirm Unlinked and Linkage Key Duplicates Records Count + Outstanding Exchange Unlinked and Linkage Key Duplicates Records Count + Outstanding TRF Unlinked and Linkage Key Duplicates Records Count
  • Options: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count+ Outstanding Intrafirm Unlinked Records Count + Outstanding Interfirm Unlinked and Linkage Key Duplicates Records Count + Outstanding Exchange Unlinked and Linkage Key Duplicates Records Count

Effective November, 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 + Outstanding Interfirm Unlinked and Linkage Key Duplicates Records Count + Outstanding Exchange Unlinked and Linkage Key Duplicates Records Count + Outstanding TRF Unlinked and Linkage Key Duplicates Records Count
  • Options: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count+ Outstanding Intrafirm Unlinked Records Count
  • Note
    • The records counted are a distinct count of Events 
    • For example, if a record that is reported late has an Out of Sequence error and an Intrafirm unlinked error, then it will be counted only once in the Firm Compliance Error Count
    • Named Errors are not included in the Compliance Error Rate

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.
7Days exceeding 5% Compliance Error RateNumber of days during the month the Industry Member exceeded the Maximum Compliance Error Percentage of 5%.
8Tier

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 GroupDistribution
12.50%
22.50%
310.00%
415.00%
520.00%
650.00%
9Peer Group Compliance Error RateTotal 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).
10Industry Compliance Error RateCompliance 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
11ProcessedThe 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.
12Accepted

Effective September, 2020
The total number of records accepted. 

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

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.

18Rejections RatePercentage of rejected records (Rejections / Processed).
19Repairable 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 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.
20Repairable Rejections RatePercentage of repairable records (Repairable Rejections / Rejections).
21Repaired 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.
22Repaired Rejections RatePercentage of repaired records (Repaired Rejections / Repairable Rejections).
23Outstanding RepairableTotal repairable rejected records that were NOT repaired (Repairable Rejections – Repaired Rejections).
24Outstanding Repairable RatePercentage of Outstanding Repairable Records (Outstanding Repairable / Repairable Rejections).
25Out of SequenceThe total number of Out of Sequence Records.
26Out of Sequence RatePercentage of Out of Sequence Records (Out of Sequence / Accepted).
27Out of Sequence RepairedThe total number of Out of Sequence Records repaired or reconciled.
28Out of Sequence Repaired RatePercentage of Out of Sequence Records repaired or reconciled (Out of Sequence Repaired / Out of Sequence).
Intrafirm Linkage – Events within a Firm
29Intrafirm Linkage EligibleThe total number of records within the firm eligible for Intrafirm Linkage.
30UnlinkedThe total number of records within the firm that were unlinked.
31Unlinked RatePercentage of Intrafirm Unlinked Records (Intrafirm Unlinked / Intrafirm Linkage Eligible).
32Unlinked RepairedThe total number of Intrafirm Unlinked Records repaired or reconciled.
33Unlinked Repaired RatePercentage of Intrafirm Unlinked Records repaired or reconciled (Intrafirm Unlinked Repaired / Intrafirm Unlinked).
Interfirm Linkage – Routed Events between Firms
34Interfirm Routes Linkage EligibleThe total number of routed Event records eligible for Interfirm Linkage. 
35Route Linkage Key DuplicatesThe total number of routed Event records unlinked due to duplicate Route Key.
36Route Linkage Key Duplicates Rate

Percentage of Route Linkage Key Duplicates records. 

(Route Linkage Key Duplicates / Interfirm Routes Linkage Eligible)

37Route Linkage Key Duplicates RepairedThe total number of Route Linkage Key Duplicates records repaired or reconciled.
38Route Linkage Key Duplicates Repaired Rate

Percentage of Route Linkage Key Duplicate Records repaired or reconciled.

(Route Linkage Key Duplicates Repaired/ Route Linkage Key Duplicates)

39UnlinkedThe total number of routed Event records unlinked.
40Unlinked Rate

Percentage of Unlinked Records.

(Unlinked / Interfirm Routes Linkage Eligible)

41Unlinked RepairedThe total number of unlinked routed Event records repaired or reconciled.
42Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled.

(Unlinked Repaired/ Unlinked)

Interfirm Linkage – Routed Events Received between Firms
43Interfirm Accept/Modify Linkage EligibleThe total number of received Event records eligible for Interfirm Linkage. 
44Route Linkage Key DuplicatesThe total number of received Event records unlinked due to duplicate Route Key.
45Route Linkage Key Duplicates Rate

Percentage of Route Linkage Key Duplicates records.

(Route Linkage Key Duplicates / Interfirm Accept/Modify Linkage Eligible)

46Route Linkage Key Duplicates RepairedThe total number of Route Linkage Key Duplicates records repaired or reconciled.
47Route Linkage Key Duplicates Repaired Rate

Percentage of Route Linkage Key Duplicate Records repaired or reconciled.

(Route Linkage Key Duplicates Repaired/ Route Linkage Key Duplicates)

48UnlinkedThe total number of received Event records unlinked. 
49Unlinked Rate

Percentage of Unlinked Records. 

(Unlinked / Interfirm Accept/Modify Linkage Eligible)

50Unlinked RepairedThe total number unlinked received Event records repaired or reconciled.
51Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled.

(Unlinked Repaired/ Unlinked)

Exchange Linkage – Events Routed to Exchanges
52Exchange Routes Linkage EligibleThe total number of routed Event records eligible for Exchange Linkage.
53Route Linkage Key DuplicatesThe total number of routed Event records unlinked due to duplicate Route Key.
54Route Linkage Key Duplicates Rate

Percentage of Route Linkage Key Duplicates records.

(Route Linkage Key Duplicates / Exchange Routes Linkage Eligible)

55Route Linkage Key Duplicates RepairedThe total number of Route Linkage Key Duplicates records repaired or reconciled.
56Route Linkage Key Duplicates Repaired Rate

Percentage of Route Linkage Key Duplicate Records repaired or reconciled.

(Route Linkage Key Duplicates Repaired/ Route Linkage Key Duplicates)

57UnlinkedThe total number of routed Event records unlinked.
58Unlinked Rate

Percentage of Unlinked Records.

(Unlinked / Exchange Routes Linkage Eligible)

59Unlinked RepairedThe total number unlinked routed Event records repaired or reconciled.
60Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled.

(Unlinked Repaired/ Unlinked)

TRF Trades Linkage
61TRF Trades Linkage EligibleThe total number of Trade Event records which name a TRF/ORF/ADF eligible for TRF Trades Linkage.
62TRF Linkage Key DuplicatesThe total number of Trade Event records unlinked due to duplicate TRF Linkage Key.
63TRF Linkage Key Duplicates RatePercentage of TRF Linkage Key Duplicates Records.
 
(TRF Linkage Key Duplicates/ TRF Trades Linkage Eligible)
64TRF Linkage Key Duplicates RepairedThe total number of TRF Linkage Key Duplicates records repaired or reconciled.
65TRF Linkage Key Duplicates Repaired Rate

Percentage of TRF Linkage Key Duplicate Records repaired or reconciled.

(TRF Linkage Key Duplicates Repaired/ TRF Linkage Key Duplicates)

66UnlinkedThe total number of Trade Event records Unlinked.
67Unlinked Rate

Percentage of Unlinked Records.

(Unlinked / TRF Trades Linkage Eligible)

68Unlinked RepairedThe total number of Unlinked Trade Event Records repaired or reconciled.
69Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled.

(Unlinked Repaired/ Unlinked)

Exchange Linkage – Outbound Routes
70Outbound Routes Accept/Modify Linkage EligibleThe total number of outbound route Event records eligible for Exchange Linkage.
71Route Linkage Key DuplicatesThe total number of outbound route Event records unlinked due to duplicate Route Key.
72Route Linkage Key Duplicates Rate

Percentage of Route Linkage Key Duplicates records. 

(Route Linkage Key Duplicates / Outbound Routes Accept/Modify Linkage Eligible)

73Route Linkage Key Duplicates RepairedThe total number of Route Linkage Key Duplicates records repaired or reconciled.
74Route Linkage Key Duplicates Repaired Rate

Percentage of Route Linkage Key Duplicate Records repaired or reconciled.

(Route Linkage Key Duplicates Repaired/ Route Linkage Key Duplicates)

75UnlinkedThe total number of outbound route Event records unlinked.
76Unlinked Rate

Percentage of Unlinked Records.

(Unlinked / Outbound Routes Accept/Modify Linkage Eligible)

77Unlinked RepairedThe total number of unlinked outbound route Event records repaired or reconciled.
78Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled. 

(Unlinked Repaired/ Unlinked)

Named Errors
Interfirm Linkage – Routed Events between Firms
79Named on Interfirm RoutesThe total number unlinked routed Event records on which the Firm was named.
80RepairedThe total number of unlinked routed Event records repaired or reconciled.
81Repaired Rate

Percentage of unlinked routed Event records repaired or reconciled. 

(Repaired/ Named on Interfirm Routes)

Interfirm Linkage – Route Events Received between Firms
82Named on Interfirm Accept/ModifyThe total number of unlinked received Event records on which the Firm named.
83RepairedThe total number of unlinked received Event records repaired or reconciled.
84Repaired Rate

Percentage of unlinked received Event Records repaired or reconciled. 

(Repaired/ Named on Interfirm Accept/Modify)

Exchange Linkage – Events Routed to Exchanges
85Named on Exchange RoutesThe total number of routed Event records unlinked on which the Firm was named.
86RepairedThe total number of unlinked routed Event records repaired or reconciled.
87Repaired Rate

Percentage of unlinked routed Event Records repaired or reconciled.

(Repaired/ Named on Exchange Routes)

TRF Trades Linkage
88Named on TRF TradesThe total number of TRF Trade records unlinked on which the Firm was named.
89RepairedThe total number of unlinked TRF Trade records repaired or reconciled.
90Repaired Rate

Percentage of unlinked TRF Trade records repaired or reconciled. 

(Repaired/ Named on TRF Trades)

Exchange Linkage – Outbound Routes
91Named on Outbound Route Accept/ModifyThe total number outbound route Event records unlinked on which the Firm was named.
92RepairedThe total number of unlinked outbound route Event records repaired or reconciled.
93Repaired Rate

Percentage of unlinked outbound route Event records repaired or reconciled.

(Repaired/ Named on Outbound Route Accept/Modify)

 

Daily Compliance Error Rate


Effective January 4, 2021, 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 + Outstanding Interfirm Unlinked Events + Outstanding Exchange Unlinked 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.