Firms that are settling members of NSCC can participate in the service. Prime Brokers are required to apply for a new TradeSuite Agent ID Number at Omego in order to forward transactions to CNS.

Each Executing Broker, by using the new Agent TradeSuite Number, acknowledges that transactions completed with the Prime Broker are to be forwarded to CNS for settlement. Currently, all instruments are eligible for processing through the TradeSuite/CNS Interface, with the exception of municipal bonds, Baby Bonds, and other non-CNS eligible instruments..

The TradeSuite/CNS Interface streamlines Prime Broker trade processing and reduces risk to both the Prime Broker and the Executing Broker.

• The TradeSuite/CNS Interface allows Prime Broker transactions to settle in the CNS System, in which all securities transactions are netted daily into one position per issue. This eliminates the necessity of settling Prime Broker transactions on a trade-for-trade basis
• Brokers also benefit from the reduced securities movements that are an advantage of CNS. CNS, through its netting feature, substantially reduces the need to move securities between brokers
• The TradeSuite/CNS Interface reduces risk since eligible transactions settling in CNS are covered by NSCC's central counterparty role that eliminates counterparty risk

The TradeSuite/CNS Interface allows the Executing Broker to continue to process Prime Broker transactions as usual in Omgeo's TradeSuite system, up to noon of T+2 (SD-1). Trades are affirmed in the TradeSuite system and then forwarded to NSCC's CNS System. Once in CNS, these transactions are netted with each broker's other trades, to produce one position per broker for each security.

• Each day, Omgeo provides participants with an Eligible Trade Report of affirmed transactions. Those transactions, which are eligible for the TradeSuite/CNS Interface, are marked on the report with a special indicator, PB/CNS. These transactions are recorded by NSCC on its regional interface operations (RIO) blotters.
• Early on the morning of T+2, participants receive a Cumulative Eligible Trade Report from Omgeo showing all transactions affirmed between T and noon of T+2, and forwarded to CNS for settlement on T+3.
• Participants also receive a CNS Consolidated Trade Summary Report from NSCC, in which transactions forwarded from DTC carry the TradeSuite notation in the "Market of Execution" field.

Prime Brokers participating in the TradeSuite/CNS Interface can reconcile the customer and street sides of each trade by using Cumulative Eligible Trades Report and NSCC's Consolidated Trade Summary Report.

Normal Omgeo TradeSuite fees and NSCC's Designated Value Delivery Fee are applied to the TradeSuite/CNS Interface for Prime Broker Business.

Please call Relationship Management at 1 888.382.2721.