| Corporate Bond (see FINRA Rule 6710(a)) | Within 15 minutes of time of execution (see FINRA Rule 6730(a)(1)) | T+1 (see FINRA Rule 6730(a)(2)) | - Individual transactions are disseminated immediately upon receipt with security identifiers (e.g., CUSIP) and transaction size caps of $5 million for Investment Grade securities (as defined in FINRA Rule 6710(h)) and $1 million for Non-Investment Grade securities (as defined in FINRA Rule 6710(i)). Investment Grade trades over $5 million in size are disseminated as “5MM+” and Non-Investment Grade trades over $1 million in size are disseminated as “1MM+”
- Aggregated (uncapped) volume information is available in daily reports
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| Agency Debt Security (as defined in FINRA Rule 6710(l)) | Within 15 minutes of time of execution (see FINRA Rule 6730(a)(1)) | T+1 (see FINRA Rule 6730(a)(2)) | - Individual transactions are disseminated immediately upon receipt with security identifiers (e.g., CUSIP) and transaction size caps of $5 million for Investment Grade securities (as defined in FINRA Rule 6710(h)) and $1 million for Non-Investment Grade securities (as defined in FINRA Rule 6710(i)). Investment Grade trades over $5 million in size are disseminated as “5MM+” and Non-Investment Grade trades over $1 million in size are disseminated as “1MM+”
- Aggregated (uncapped) volume information is available in daily reports
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| CMOs/REMICs (as defined in FINRA Rule 6710(dd)) | - For transactions executed before the issuance of the security, no later than the first settlement date of the security (see FINRA Rule 6730(a)(3)(C)).
- For all other transactions: within 1 hour of time of execution (see FINRA Rule 6730(a)(3)(A)).
| N/A | - Individual transactions of less than $1 million in original face value are disseminated immediately upon receipt with security identifiers (e.g., CUSIP)
- Aggregated volume and pricing information for individual CMOs provided in weekly and monthly reports for transactions of $1 million or more in original face value, provided the security has registered at least 5 transactions reported by at least 2 different market participant identifiers (see Regulatory Notice 16-38)
- Aggregated volume and pricing information available in daily reports (FINRA-ICE Data Services Structured Product Activity Reports and Tables)
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| Agency Pass-Through MBS Traded TBA for Good Delivery (see FINRA Rule 6710(u)) | Within 15 minutes of time of execution (see FINRA 6730(a)(3)(D)(ii)) | N/A | - Individual transactions are disseminated immediately upon receipt with security identifiers (e.g., CUSIP) and transaction size cap of $25 million. Trades over $25 million in size are disseminated as “25MM+”
- Aggregated volume and pricing information are available in daily reports (FINRA-IDS Structured Product Activity Reports and Tables)
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| Agency Pass-Through MBS Traded TBA not for Good Delivery | Within 60 minutes of time of execution (see FINRA 6730(a)(3)(E)(ii)) | N/A | - Individual transactions are disseminated immediately upon receipt with security identifiers (e.g., CUSIP) and transaction size cap of $10 million. Trades over $10 million in size are disseminated as “10MM+”
- Aggregated volume and pricing information are available in daily reports (FINRA-IDS Structured Product Activity Reports and Tables)
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| Specified Pool Transactions (as defined in FINRA Rule 6710(x)) and SBA Backed ABS Transactions (as defined in FINRA Rule 6710(bb)) | Within 60 minutes of time of execution (see FINRA Rules 6730(a)(3)(F)(ii) and 6730(a)(3)(G)(ii)) | N/A | - Individual transactions are disseminated immediately upon receipt based on security characteristics (see Regulatory Notice 21-02) and with transaction size cap of $10 million. Trades over $10 million in size are disseminated as “10MM+”
- Aggregated volume and pricing information are available in daily reports (FINRA-IDS Structured Product Activity Reports and Tables)
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| Asset-Backed Securities (as defined in FINRA Rule 6710(cc)) | Within 15 minutes of time of execution (see FINRA 6730(a)(3)(B)(i)) | T+1 (see FINRA Rule 6730(a)(2)) | - Individual transactions are disseminated immediately upon receipt with security identifiers (e.g., CUSIP) and transaction size cap of $10 million. Trades over $10 million in size are disseminated as “10MM+”
- Aggregated volume and pricing information are available in daily reports (FINRA-IDS Structured Product Activity Reports and Tables)
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| All other Securitized Products (CDO, CLO, CBO and private label CMBS, collectively categorized in TRACE as “ABSX”) | Generally same day during TRACE business hours (see FINRA Rule 6730(a)(3)(A)) | N/A | - Aggregated volume and pricing information are available in daily reports (FINRA-IDS Structured Product Activity Reports and Tables)
|
Treasury Bonds
(as defined in FINRA Rule 6710(p)) | - Generally within 60 minutes of time of execution (see FINRA Rule 6730(a)(4)(A))
- Transactions in U.S. Treasury securities executed to hedge a List or Fixed Offering Price transaction, or a Takedown transaction must be reported no later than T+1 (see FINRA Rule 6730(a)(4)(B))
| N/A | - Aggregated volume information is available in daily and monthly reports
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| Foreign Sovereign Debt Security (as defined in FINRA Rule 6710 (kk)) | Generally same day during TRACE business hours (see FINRA Rule 6730(a)(5)(A)) | T+1 (see FINRA Rule 6730(a)(2)) | |
