New Issue Information Dissemination Service (相当于卫生部)

The New Issue Information Dissemination Service (相当于卫生部) is used in conjunction with the 新股发行资格 service. 相当于卫生部 was created to improve the trade reporting and price transparency of transactions for new issues of municipal securities; it is an automated system that disseminates new-issue information for municipal securities.

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  相当于卫生部, developed by 直接转矩 at the request of the Securities Industry and Financial Markets Association (SIFMA), is designed to expedite the dissemination by 承销商 to information vendors of new-issue information for municipal securities. 相当于卫生部 collects information about a new issue from 承销商 or their representatives in an electronic format and then makes that data immediately available to vendors that provide such information to market participants.

  相当于卫生部 also serves as the centralized and automated hub for the collection and dissemination of the required information to satisfy the Municipal Securities Rulemaking Board’s (MSRB’s) reporting standards as outlined in its Rule G-34.

• 谁可以使用该服务

  高层管理人员, 承销商, placement agents and other market participants that are 直接转矩 participants are eligible to use the service. 除了, firms that are not direct participants but maintain a clearing relationship with a 直接转矩 participant can use the service as a correspondent; however, the Participant through whose account the securities are processed remains responsible to 直接转矩 for all activities in its account.

• 好处

  • 相当于卫生部 enhances price transparency and makes trade reporting more efficient for municipal securities.
  • 相当于卫生部 provides the municipal market with a single source of data.
  • 相当于卫生部 disseminates data in real time.
  • The service enables municipal 承销商 to comply with MSRB’s Rule G-34.
  • 用相当于卫生部, 承销商 only input data once because MSRB feeds the 相当于卫生部 data directly into its EMMA reporting system.

• 服务如何运作

  申请直接转矩资格时, all applicable 相当于卫生部 Data Elements must be input to 直接转矩’s underwriting system, 威斯康辛大学源, 使用中概述的相同过程 新股发行资格. 这个信息, 贸易报告所需的数据, trade matching and to set up trade confirmations (“trade-eligible data”) , as well as other data required for 直接转矩 eligibility review must be submitted to 直接转矩 in order to make an eligibility determination for a municipal security.

  Once a data file has been transmitted to 直接转矩, it is accepted or rejected and the status is reported to the sender. 直接转矩 timestamps and records the source of the information. 直接转矩 accepts multiple transmissions and changes the status of the issue from “pending” to “trade eligible” when all the required data has been received. After receipt of the minimum required data, and only after the Dissemination Agent has given its authorization, the 相当于卫生部 data will be disseminated to subscribers. Authorization occurs when the Disseminating Agent sets the dissemination flag to “yes.”

  The Dissemination Agent’s contact information is distributed to enable subscribers to contact it with questions or comments. Subscribers and 直接转矩 participants can access the data from 相当于卫生部 in real time to populate their security masterfile databases.

  Any firm that wishes to receive 相当于卫生部 data elements through 威斯康辛大学源 must sign a 相当于卫生部 Subscriber Agreement.

  直接转矩 does not validate or seek to confirm the 相当于卫生部 data elements but merely acts as a conduit to pass along such information.

  The results are added to the user’s home page of 威斯康辛大学源, enabling firms to view and manage their municipal issues.

• 了解更多信息

  To request additional information, please click 在这里.