The Inventory Management System (IMS) is a service that allows participants to create inquiries, authorize or exempt security deliveries before transaction processing occurs.

Overview

The Inventory Management System (IMS) is a service that allows participants to create inquiries, authorize or exempt security deliveries before transaction processing occurs. IMS offers features that allow participants to have greater control over the order and timing of the submission of their deliveries into the processing system.

Who Can Use the Service

When the industry started working towards a straight through processing environment, many participants recognized the need for increased inventory control in order for their systems to be responsive in a shortened trade cycle. To control industry costs, and address this market-wide need, DTCC developed its Inventory Management System for all participants who settle, eliminating the need for each to build and fund its own system.

Benefits

• Greater control over night cycle deliveries through expanded authorization capabilities and choices
• Ability to re-introduce dropped transactions
• Ability to store future deliveries, reducing cost for storing deliveries
• Greater participant control over the order and timing of deliveries. 

How the Service Works

IMS offers 12 options for managing the processing of transactions including seven inquiry options and five update options. Some of the inquiry options include:

• Total Recap by Transaction Type - allowing customers to view summaries of trades by their current status. This screen provides summaries by transaction type, and within transaction type, by asset class.
• Browse by Delivery Date - customers can search for and view transaction information by settlement date.
• Transaction Authorization Inquiry - allows customers to view information for authorized or exempted trades.

Update options include:

• Transaction Authorization Update - allows participants to authorize or exempt their institutional Continuous Net Settlement (CNS) and automated ACATS transactions for processing into the settlement system either entirely or on a trade-for-trade basis. Transactions can also be cancelled, except for CNS trades, and participants can also authorize or exempt their night deliver orders and automated balance orders.
• Drop Profile Updates - customers can change the settings in their "drop profile" (failed deliveries to reintroduce the next day) for handling dropped transactions. (Initially limited to institutional deliveries and automated ACATS transactions, this service has since been expanded to most other delivery types, except CNS.)

For More Information:

Please call Relationship Management at 1 888.382.2721.