OASYS PRODUCT RELEASE INFORMATION VERSION 7.0 JUNE 21, 2018
OASYS 7.0 PRODUCT RELEASE INFORMATION What is in this Release? This release includes the following new features: Fixed Income Stepouts New Market Participant Identifiers (MPID) Fields New DTC Confirm Control # for OASYS-TradeMatch (OTM) New Purchase Price Field for Tax Lots Stepout Aggregation Report for Investment Manager Workstation Additional Sorting and Filter GUI Enhancements Addition of Clearstream as Settlement Location Support for Windows Server 2008 Other Functionality Improvements OASYS 3.5 Import Format Retired Fixed Income Stepouts Stepout processing in OASYS 7.0 for fixed income securities mirrors the existing processing for equity stepouts: The executing broker/dealer and stepin broker/dealers receive all fields associated with the fixed income allocation. OASYS stepout functionality supports all fixed income asset class security types, including Corporate Bonds, Municipal Bonds, Treasuries, MMIs, Mortgages, and Repos. See the Common Reference Guide for a full list. As with equity stepouts, the investment manager can filter Account and Tax Lot information from the receipt and view of the executing broker/dealer. Stepin broker/dealers receive the aggregate value of the Block Size field, as done with equity stepouts. Stepin broker/dealers also receive the aggregate values of the following fixed income block fields, based off the values supplied within the stepin allocations: o o o o Principal Net Amount Accrued Interest Current Face (applicable to mortgages) Version 7.0 of the OASYS service populates other fixed income block field values, such as Issue Date, Maturity Date, Yield, and Discount Rate, from the values supplied. 2
Investment Manager View Figure 1 shows the OASYS investment manager s view of the block and its three allocations. Figure 1 Investment Manager View 3
Executing Broker View Figure 1.2 shows the executing broker s view of the trade, with two allocations stepped out. Figure 2 Executing Broker View 4
Stepin Broker/Dealer View Figure 3 shows two stepped out allocations for this broker/dealer. The Accrued Int, Principal, Current Face, and Net Amount fields display the aggregated values for those allocations. Figure 3 Stepin Broker/Dealer View 5
MPID Identifiers With version 7.0 of the OASYS service, investment managers can provide the Market Participant Identifier of both the executing broker/dealer and the sponsor stepin broker/dealers. This information helps facilitate the street side broker to broker clearance between the two parties. The MPID, also sometimes referred to the ACT number or EBN number, is the 4-character alpha identifier used by the NSCC. Version 7.0 of the OASYS service adds two new fields for this functionality. One field, on the block, identifies the executing broker/dealer s MPID (Figure 2 on page 4). One field, at the allocation level, identifies the stepin broker/dealer s MPID (Figure 4). Investment managers can populate these MPID fields for both equity and fixed income stepouts. Figure 4 4 Executing Broker Allocation Details 6
DTC Control Number For clients subscribed to the OASYS-TradeMatch (OTM) service, version 7.0 of the OASYS service returns the DTC confirm control number on matched allocations. This field, located in the allocation status section of the allocation details screen (Figure 5), is also available for export. Purchase Price Field for Tax Lots Version 7.0 of the OASYS service includes the Purchase Price field on tax lot information (Figure 5). This field is in addition to the Release Method, Purchase Date, Tax Lot ID, and Release Quantity fields provided in earlier versions. Figure 5 Investment Manager Allocation Detail 7
Stepout Aggregation Report To further support for stepouts and SMA business, version 7.0 of the OASYS service includes a new aggregated stepout broker/ dealer allocation report in the Investment Manager workstation. The report shows all the block field information for each stepin broker/dealer associated with the trade. The report also shows the aggregate of the allocation values supplied for Size, Principal, Accrued Interest, and Net Amount fields. The report is available for both equity and fixed income asset class security types (Figure 2.6. Figure 2.6 Aggregated Stepout Broker-Dealer Report Investment Manager Workstation GUI Enhancements For increased flexibility, you can now sort the rows of allocation grid by selecting the heading of the column to sort on. You can also reorder the columns by dragging them to the desired position. To filter on an OASYS broker without using the Clear button, the Quick Filter tool includes a blank line within the OASYS Broker search drop-down. 8
Clearstream as a Settlement Location Version 7.0 adds Clearstream (CED) as a Settlement Location. Supports dually listed securities Available via Import Exportable field Capable of matching in the OASYS TradeMatch service, as the same code exists in TradeSuite Windows Server Compatibility Version 7.0 of the OASYS serviceis certified and available for installation on Windows Server 2008 R2. OASYS Version 3.5 Import Format Retired in OASYS 7.0 To promote an OASYS counterparty community, and since all clients must use version 6.0 and higher, version 7.0 of the OASYS service no longer supports the 3.5 import format. Related Documents and Training For related documents and training in the DTCC Learning Center, go to Institutional Trade Processing OASYS. Questions? The DTCC Client Center provides general assistance and technical help. Visit www.dtcc.com/client-center to: Enter a service request or check the status of an existing service request Search the knowledge base Access the documentation library 9
Copyright 2018 DTCC. All rights reserved. This work (including, without limitation, all text, images, logos, compilation and design) is proprietary and protected by copyright, and is for the exclusive use of users authorized by DTCC. If this work is received from DTCC in any electronic medium, authorized users of this work are granted a limited, non-exclusive, non-transferable, nonsublicensable and freely revocable license to make reproductions and transmissions necessary for downloading and storage of this work on the users' computers and to print one or more paper copies from the electronic version for their own use. Other than to this limited extent, no part of this work (including any paper copies thereof or print versions thereof) may be printed, copied, altered, modified, posted, reproduced, displayed, published, sold, licensed, used or distributed (including by transmission) in any form or by any means, or stored in any information storage and retrieval system, without DTCC's prior written permission. All product or service names are the property of their respective owners. DTCC is the brand name under which certain affiliates of The Depository Trust & Clearing Corporation provide services in particular geographic areas. The Depository Trust & Clearing Corporation does not provide services to clients. Each of The Depository Trust & Clearing Corporation s affiliates is a legally separate and independent entity, and each is subject to the laws and regulations of the particular country in which it operates. Please see www.dtcc.com for more information on the legal structure of The Depository Trust & Clearing Corporation and its related entities. Publication Date: June 21, 2018 Publication Code: OA168 Service: OASYS Version: 7.0 Title: Product Release Information
FOR MORE INFORMATION Email DTCC Learning at: DTCCLearning@dtcc.com or visit us on the web at: www.dtcclearning.com