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- FAQQ55. When an Industry Member receives a Material Inconsistency notification, is it required to contact its Customer to confirm the Customer’s information?Resolving a Material Inconsistency requires that a Reporter follow the Material Inconsistencies Procedure as set forth in the Full CAIS Technical Specifications for Industry Members to confirm or correct the record that generated the Material Inconsistency. The Material Inconsistencies Procedure…
- FAQQ35. Where can Industry Members find information regarding production readiness testing requirements for CAT CAIS?The requirements are detailed in the CAT CAIS Industry Member Onboarding Guide.
- FAQBeginning with the implementation of Phase 2e (Full CAIS), the addressList field at the account level is required to be populated for each FDID reported to CAIS. Industry Members must report one mailing address associated with the account in the ‘ADDRESS1’ value of the addrType field. The mailing…
- FAQYes. See the Industry Member CAIS Onboarding Guide for details on production readiness certification.
- FAQQ49. Following the closure of an account and the associated FDID being ended in CAIS, is an Industry Member required to re-activate the FDID in CAIS for non-CAT reportable entries, such as delayed dividend payments?No. An Industry Member would not be required to re-activate a closed FDID in CAIS for post-account closure residual cash payments.
- FAQConcurrent with Phase 2c (April 26, 2021), LTIDs or ULTIDs associated with FDIDs must be reported in the LTID Phase of CAIS (“CAIS LTID”) when all three of the following conditions are met: a. The Industry Member is a Large Industry Member (which is an Industry…
- FAQQ21. What is the reporting deadline for reporting Customer and Account information for the LTID Phase and Full Customer and Account Phase?For both phases, the CAT NMS Plan requires Industry Members to report Received Industry Member Data, which includes customer and account data, by 8:00 a.m. Eastern Time on the CAT Trading Day following the day the Industry Member receives such Received Industry Member Data. See CAT Alerts 2022-01…
- FAQQ50. Is a Global Intermediary Identification Number (“GIIN”) an accepted identifier to generate a foreignTIDType for a foreign legal entity?No. CAT CAIS does not accept the GIIN for the foreignTIDType because the GIIN does not guarantee uniqueness as an Input Identifier to generate a foreignTIDType. Industry Members must obtain either a National Registration or Tax Identifier (‘NATIONALID’), Legal Entity Identifier (‘LEI’), or another…
- FAQYes. If an introducing broker or non-self-clearing executing broker has Reportable Events for an account with associated LTIDs or ULTIDs, they must report such accounts to CAIS LTID as described in FAQ Q20.
- FAQM17. Is an Industry Member permitted to submit a different firmDesignatedID to CAIS than was populated as the firmDesignatedID on the related Transaction Order event for a specific trading account, Relationship ID or Entity ID within the firm?No, the firmDesignatedID submitted to CAIS must be the same firmDesignatedID populated on the related Transaction Order event for a specific trading account, Relationship ID or Entity ID. Per FAQ M1, given the purpose of the FDID under the CAT NMS Plan, it is important that this identifier be…Topics