Last day for brokers to submit or change banking information is 5 business days prior to month end. Jun 1 Month-end accounting completed. Reports produced by the Clearing Corporation and given to clearing firms and brokers. Jun 6 The Clearing Corporation enters debit instructions into banking system.
Firms receive final monthly reports reflecting any adjustments made.
Clearing firms' accounts are debited. Jun 13 Exception reports will be produced for clearing firms and brokers indicating non-payment information as rejected Information is received from the banks. Last day for Brokers to submit or change banking Information for current month. All rights reserved.