Technical Notice

TRACE for Corporate and Agency API Specifications Update

June 29, 2020

FINRA has updated the TRACE for Corporate and Agency API Reference Data Specifications.

Beginning September 28, 2020, Seniority Type and Instrument Type are being renamed Security Type and Bond Type, respectively, for Corporate and ELN securities.  These two fields will continue to be combined to create the Debt Type Code. 

New values have also been added to Appendix 1 in the specifications. 

Regulatory Notice 20-22

Summary

FINRA Rule 4210 (Margin Requirements) prescribes requirements governing the extension of credit by members. The FINRA Rule 4210 interpretations provide further guidance regarding application of the rule. This Notice announces, effective immediately, clarifications of interpretations of (1) FINRA Rule 4210(e)(8), which specifies margin requirements for control and restricted securities, and (2) FINRA Rule 4210(f)(5), which specifies conditions for the consolidation of two or more accounts carried for the same customer.

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