The Universal Trade Capture (UTC) application may accept Foreign Security Netting transactions from all markets, upon request.
In addition to UTC output, NSCC generates an FSCN data output report the morning after the trade is received. On the same morning, NSCC calculates a bi-lateral trade net and reports netted positions to participants. The Consolidated Trade Summary provides Members with a security total by market and issue receive and deliver security orders across markets for foreign security trades.
Trades in the same issue with the same settlement date are assigned a common settlement price. NSCC calculates cash differences between the common settlement price and the actual trade value. On settlement date, NSCC collects the clearance cash adjustments and includes this amount on Members' final settlement statements. Members will then settle the trades for value in the local market.