Paper Free Project Deliverables (September 2023)
Reminder: Trading/Order Entry-NetX360 for Windows
As a reminder, we are defaulting all users in NetX360 for Windows Version 1801 to the New Experience for Trading / Order Entry. When you access any of the single order entry screens, the new experience will be set as your default view. If you revert to the old experience, we will remember your preference only for the current session.
T+1 Testing Frequently Asked Questions (FAQs)
As per our August 1 communication, in anticipation of the Securities and Exchange Commission (SEC) move to a U.S. T+1 settlement cycle on May 28, 2024, Pershing's XAT testing region is processing T+1 settlement effective August 14, 2023. We recommend client testing commence September 25, 2023. Our T+1 Testing FAQs provides you with information on topics such as what should be tested, how to access the NetX360 XAT Testing region, and more.
New E-Mail Address: Euroclear Settlements Team
Our Euroclear Settlements team will have a new e-mail address beginning October 6. Please do include the topic in the subject line of your e-mail so that the team can address your inquiries promptly.
Reminder: Retirement Activity Reconciliation
As a reminder, to ease the review and enable more timely remediation of unreconciled deposits in retirement accounts, we have created a new request type to notify you of these exceptions called Retirement Reconciliation within Work Corner in NetX360. This new process is effective September 5, 2023, and will replace the current monthly notification process via Service Center.
NetX360+ September Release Enhancements
We are pleased to announce several enhancements to NetX360+, effective September 22, 2023. The key enhancements focus on adding new features to NetX360+ that were previously only available in NetX360 for Windows and more efficient navigation between features.
COB, Account Maintenance, and eSignature Enhancements
To provide superior client experience, several Client Onboarding (COB) and Account Maintenance enhancements are scheduled to be available in NetX360 on September 11, 2023. We will also be rolling out a few eSignature enhancements as part of the Go Digital initiative.
Block Trading and Rebalancing Enhancements
Enhancements to Block Trading and Rebalancing (BTR) - including changes to Model Management, List Management, and Household Rebalancer and Scenario History tools - in NetX360 are scheduled to be available on September 18, 2023.
Options Regulatory Fee Changes
There are two options regulatory fee changes going in effect on September 1 and September 13. Review the details.
Updates to IRA and QRP Tax Withholding Grids - Michigan
Due to a recent state tax withholding change by Michigan, we updated the Federal and State Income Tax Withholding Instructions for Individual Retirement Accounts (IRAs) and Qualified Retirement Plans (QRPs).
Four-Character Rep ID for Mutual Fund Batch Order File
As part of our Rep ID Expansion project, we have enhanced the Mutual Fund Batch Order File. Our current 126-byte layout will support a four-character rep ID for the Split RR1 and Split RR2 Fields.
Trading Services: Best Execution
The most recent Execution Quality Scorecard and Fixed Income Exception Statistics related to best execution are now available.