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ACATS USER MANUAL Document History Effective Date: November 1998 Please see Important Notice A #4649, P & S #4220 dated September 12, 1997 October 2007 Updated for ACATS shortened cycle The primary purpose of this product guide is to familiarize members with the ACATS product offered by DTCC. This guide is not intended to serve as a legal document. No statement in this guide should be construed as a legally binding rule or regulation, or as creating an obligation on the part of NSCC or any person. In addition, any time schedules or time requirements set forth herein are subject to change without notice. Participants should refer to the NSCC Rules & Procedures for the legal obligations of any party utilizing the ACATS service. The Rules & Procedures of NSCC, plus all updates and revisions, should be obtained by all participants from NSCC’s Membership Department. National Securities Clearing Corporation Page i Revised and Posted October, 2007