ACS Training Guide · 2009. 11. 11. · ICE – ACS Training Guide 11/02/2009 Page 5 Accessing ACS...

ACS Training Guide

Training Guide for ACS Application

November 2, 2009

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∧ Copyright Intercontinental Exchange, Inc. 2004-2009. All Rights Reserved.

ICE – ACS Training Guide 11/02/2009

ACS Training Guide Contents

ALLOCATION CLAIM SYSTEM (ACS) ............................................................... 3

ACCESSING ACS (UAT ENVIRONMENT) .......................................................... 4

ALLOCATE GIVE-UP TRANSACTIONS ............................................................. 6

ALLOCATING A GIVE-UP TO A SINGLE FIRM AND ACCOUNT ...................................... 6

MULTI-ALLOCATE A GIVE-UP TRANSACTION ........................................................... 8

CLAIM A TAKE-UP TRANSACTION ................................................................. 10

CLAIMING A TAKE-UP TRANSACTION INTO A SINGLE ACCOUNT .............................. 10

SUB-ALLOCATE A CLAIMED TAKE-UP INTO MULTIPLE ACCOUNTS ........................... 12

REJECTING A TAKE-UP ................................................................................... 14

CLAIMING A REJECTED TAKE-UP .................................................................. 15

REVERSALS ...................................................................................................... 16

REQUEST A SAME-DAY REVERSAL ...................................................................... 16

DELETE A REVERSAL REQUEST ........................................................................... 18

CONFIRMING A REVERSAL .................................................................................. 20

REQUEST A PREVIOUS BUSINESS DAY GIVE-UP REVERSAL................................... 21

MODIFYING TRANSACTIONS .......................................................................... 24

MODIFYING ALLOCATION INFORMATION ................................................................ 24

DELETING AN UNCLAIMED GIVE-UP ALLOCATION .................................................. 25

DELETING AN UNCLAIMED GIVE-UP ALLOCATION (CONTINUED) .............................. 26

MODIFYING CLAIM INFORMATION ......................................................................... 27


Allocation Claim System (ACS) ACS is a web-based application used to support give-up processing. The allocating firm submits an executed transaction for give-up into the system, either by marking the trade for give-up through PTMS or via FIXML give-up API messages through use of a firm’s back office / middleware system. Once a trade has been marked for give-up it will appear in ACS where a firm user can further manage the give-up / take-up process for each transaction. Once a give-up has been allocated by the give-up firm, the take-up firm, after reviewing the transaction in detail, can claim or reject the transaction.


Accessing ACS (UAT Environment) 1. Click on the following link or alternatively open a web browser and key in the

following URL and press the Enter key:

https://acs.uat.theice.com/AllocateClaim/login.jsp

2. Enter a valid ICE Username and Password in the screen that appears and click the Log in button.

For additional information in accessing the ACS UAT environment, please refer to ICE Clear U.S. Notice 09-080.


Accessing ACS Continued… 3. Once the Username and Password has been authenticated, an ACS

Selection Menu screen is displayed. 4. To begin reviewing transactions for give-up/take-up, choose the appropriate

exchange and firm within the “Exchange/Firm” dropdown boxes, located in the upper left hand corner of the screen. Then select either the “Allocate Group” or “Claim” radio button for desired view/role. Also at this time, additional search/filter criteria can be entered in order to locate a specific give-up/take-up transaction. Click the “Submit” button to access the selected screen.


Allocate Give-Up Transactions Allocating a Give-Up to a Single Firm and Account 1. From the ACS Selection Menu, select either the Allocate Group radio button

and click the Submit button or click on the Allocate link within the navigation bar at the top of the screen (if already within the ACS application).

2. Once the screen has refreshed, the Allocate Group screen will be displayed.

If desired, use the search feature to locate a specific give-up group to allocate.


3. After locating the transaction to be given-up. Click on the Fast Alloc radio

button and enter the appropriate accepting information in the Claim Info section (Firm, Account, Seg, and CTI)

4. Click on the Submit button.

Click on the Fast Alloc radio button

Enter the

opposite firm and account


Multi-Allocate a Give-Up Transaction 1. From the Allocate Group screen, locate the transaction to be multi-allocated.

Click on the Go link next to transaction to be multi-allocated.

An Allocate Detail screen will open. The top portion of the screen (shown below) represents the original trade that is being multi-allocated. The bottom portion of the screen is used to enter the different firms/accounts the trade is being given-up to.

2. Begin entering the claim firm information into the first available line, using a new line for each new claim firm and/or account number. Once When finished, click Submit.

Step 1.

Step 2.


Multi-Allocate a Give-Up Transaction (Continued) Once the screen has refreshed, the status of the give-up will update from Unallocated (UA) to Allocated (A). The Total Quantity Remaining for the give-up will reduce based upon the amount allocated. Give-ups in ACS cannot be over-allocated. 3. Click the Close and Refresh button to close the window.

The status of the give-up will automatically update to Allocated (A) within the Allocate Group screen if the entire trade quantity had been allocated. If only part of the give-up had been allocated, the status will be for the give-up will be “Under-allocated” (UDA). The Claim Info section will display Multi within each claim field to show that the applicable give-up was allocated to more than one firm and/or account.


Claim a Take-up Transaction Claiming a Take-Up Transaction into a Single Account 5. From the ACS Selection Menu, select either the Claim radio button and click

the Submit button or click on the Claim link within the navigation bar at the top of the screen (if already within the ACS application).

6. Once the screen has refreshed, the Claim screen will be displayed. If desired, use the search feature to locate a specific group to take-up.


Claiming a Take-Up Transaction into a Single Account (Continued) 7. After locating the transaction to be given-up. Click on the Fast Claim radio

button and if not already provided complete the remaining claim information ( Account, Seg, and CTI)

8. Click on the Submit button.

Click on the Fast Claim radio button

Enter Claim

Account, SEG

and CTI info


Sub-Allocate a Claimed Take-Up into Multiple Accounts 1. From the Claim screen, locate the claimed take-up to sub-allocate then click

on the Go link for that transaction. The Claim Sub Allocation Screen will open.

2. The top portion of the screen represents the original take-up that had been

claimed. The bottom portion of the screen is used to enter the different firms/accounts the take-up is to be sub-allocated to.

3. Enter the accepting information, using a new line to for each separate

account and/or firm. A claimed take-up cannot be over sub-allocated. 4. Click Submit. Click the Close and Refresh button to close the window.

Original Trade information

Enter Accounts and Firms that the take-up is to be sub-allocate to.


Sub-Allocate a Claimed Take-Up into Multiple Accounts (Continued)

5. The original take-up transaction quantity will be decremented by the amount

sub-allocated. 6. If a take-up is sub-allocated intra-firm, the allocation will be automatically

claimed. If the take-up is allocated inter-firm, the allocation will follow normal review and claim process.


Rejecting a Take-Up The claiming firm may reject unclaimed take-ups allocated to them. 1. To reject an unclaimed take-up, navigate to the Claim screen. Locate the

take-up to be rejected and click the Reject radio button that appears next to that transaction and then click the Submit button.

2. The status for the applicable take-up, which will remain on the screen, will be

updated to REJ (Reject). The allocating firm will be able to view the REJ status and be able to edit the trade data and re-allocate if need be.


Claiming a Rejected Take-Up 1. To claim a take-up that had been previously rejected in error, navigate to the

Claim screen. Locate the rejected take-up to claim and click the Fast Claim radio button that appears next to that transaction, complete the required Claim Info.

2. Click the Submit button. Once the Claim screen has refreshed the status of

REJ (Reject), for the applicable take-up, will be replaced by C (Claim).


Reversals Request a Same-Day Reversal Same-day reversal functionality is used to correct Give-ups or transfers cleared in error. The allocating firm always initiates a reversal.

1. Navigate to the Claim screen and locate the transaction to be reversed. Click on the Go link for that transaction. The Allocate Detail screen will open.

2. Click on the Rev Req radio button next to the transaction to be reversed. Click Submit.


Request a Same-Day Reversal (Continued) 3. The status for the applicable give-up transaction will be updated to RRV

(Reversal Requested). At this point the take-up firm will be able to confirm the reversal.


Delete a Reversal Request If it is determined that a Reversal Request (RRV) is not needed, the Reversal Request can be deleted. The allocating firm is responsible for deleting Reversal Requests.

1. Navigate to the Claim screen and locate the Reversal Request to be deleted. Click on the Go link for that transaction. The Allocate Detail screen will open.

Click on the Del Rev Req radio button next to the transaction to be reversed. Click Submit.


Delete a Reversal Request (Continued) 1. The status for the applicable give-up transaction will be revert back C

(Claimed). At this point the take-up firm will be able to confirm the reversal.


Confirming a Reversal In order for the reversal process to be completed, the take-up firm will need to confirm same-day reversal requests. 1. Navigate to the Claim screen and locate the take-up reversal to be confirmed.

The status of all reversal requests are displayed as RRV. Then click in the Accept Rev radio button and click Submit.

2. The status of the take-up transaction will be updated to CRV (Confirmed

Reversal). At this point the allocating firm can edit the give-up, re-allocate the give-up, and/or delete the allocation.


Request a Previous Business Day Give-Up Reversal If a previously cleared give-up transaction needs to be reversed, the Create Give-Up Reversal feature can be used.

1. From the ACS Selection Menu, select either the Create Give-Up Reversal radio button and click the Submit button or click on the Create Give-up Reversal link within the navigation bar at the top of the screen (if already within the ACS application).


Request a Previous Business Day Give-Up Reversal (Continued) 2. Once the screen has refreshed, the Create Give-Up Reversal screen will be

displayed. If the previously cleared give-up cleared within the past four business days, the Create Group feature may be used to locate and automate the submission of a give-up reversal (See step #3).

3. To use the Create Group feature to automate the give-up reversal request

process, click on the Create Group link provided.

4. A new window will open that will allow users to search for previously cleared give-ups.

5. Firm users are not required but should use the search functionality to locate the applicable give-up(s) to be reversed, otherwise is may take considerable time to recall all previously cleared give-ups. (Please note: The Previously Cleared Transactions contain give-up that were both allocated (From) and claimed (To) for the associated firm. Firm users will only be allowed to reverse from (allocated) give-up records.

6. Locate the give-up(s) to be reversed, clicking in the Reverse check box next to the particular transaction to be reversed. Click Submit.


Request a Previous Business Day Give-Up Reversal (Continued) 7. The Submit action will automatically populate the Create Give-Up Reversal

screen. At this point, the firm user has an opportunity to review the applicable previous business day give-up reversal to insure it is accurate. Need image here.

8. Click Submit to process the reversal. The Rev column will populate with an

“I” for Initiated Reversal once the reversal has been submitted.

Need image here.


Modifying Transactions Modifying Allocation Information The allocating firm can edit allocation information for trades that have not yet been claimed from the Allocation Group screen.

1. In the Allocation Group screen, click the Go link next to the allocation to be

edited.

2. The Allocate Detail screen will open. Click the Edit radio button, make the

required changes to the quantity, firm, and/or account, then click on the Submit button.

3. Click on the Close and Refresh button to close the screen.

Make necessary changes to

quantity, firm or

account


Deleting an Unclaimed Give-up Allocation The allocating firm can delete give-up allocations that have not yet been claimed from the Allocation Group screen.

1. In the Allocation Group screen, click the Go link next to the allocation to be

edited.

2. The Allocate Detail screen will open. Click the Del (Delete) radio button, then

click on the Submit button.


Deleting an Unclaimed Give-up Allocation (Continued) 3. Once the Allocate Detail screen has refreshed, the allocated give-up should

no longer appear and Trade Quantity Remaining Field should increase back to the original group amount. If needed, the give-up transaction can be re-allocated through use of the Allocate Detail screen at this time.

4. Furthermore, once the Allocate Detail screen has been closed and

refreshed, the applicable give-up transaction’s original status of A (Allocated) has been replaced with the status of UA (unallocated) within the Allocate Group screen. If needed, the give-up transaction can be re-allocated through use of the Allocate Group screen at this time.


Modifying Claim Information Claim firms can edit their claim information on claimed take-ups such as account, origin, and CTI. 1. Navigate to the Claim screen. Click on the Go link next to the claimed

transaction to be edited.

2. Within the Claim screen, click the Edit radio button, make desired changes to

the Account, Seg, and CTI claim info, then click on the Submit button.

3. Click the Submit button to save changes.

Make necessary changes to claim info –

Account, Seg, &

CTI.

ACS Training Guide · 2009. 11. 11. · ICE – ACS Training Guide 11/02/2009 Page 5 Accessing ACS...

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Transcript of ACS Training Guide · 2009. 11. 11. · ICE – ACS Training Guide 11/02/2009 Page 5 Accessing ACS...