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Industry Member Compliance Report Card Glossary January 2021

Last Updated: 2/19/2021

No. Report Card Field Name Definition
1 Industry Member Firm Name Name of the CAT Reporter as of the last calendar day of the Report Card month.
2 Industry Member Firm CRD CRD of the CAT Reporter Firm.
3 Period Report Card month and year.
4 Version  Version number of the Report Card for the Period.

Compliance Summary Section by Product Type
Product Type = N/A for DEL events and rejected events that cannot be parsed
Effective with the January 2021 Report Card, an aggregation of statistics for all products is provided in the “Overall” Column

5 Firm Compliance Error Rate Compliance Error Percentage for the Industry Member for the month (Firm Compliance Error Count / Processed Records Count).
6 Firm Compliance Error Count

Effective January, 2021
The total number of records for the Industry Member subject to the Compliance Error Percentage calculation for the month

  • Equities: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count + Outstanding Intrafirm Unlinked Records Count + Outstanding Interfirm Unlinked and Linkage Key Duplicates Records Count + Outstanding Exchange Unlinked and Linkage Key Duplicates Records Count + Outstanding TRF Unlinked and Linkage Key Duplicates Records Count
  • Options: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count+ Outstanding Intrafirm Unlinked Records Count + Outstanding Interfirm Unlinked and Linkage Key Duplicates Records Count + Outstanding Exchange Unlinked and Linkage Key Duplicates Records Count

Effective November, 2020
The total number of records for the Industry Member subject to the Compliance Error Percentage calculation for the month 

  • Equities: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count + Outstanding Intrafirm Unlinked Records Count + Outstanding Interfirm Unlinked and Linkage Key Duplicates Records Count + Outstanding Exchange Unlinked and Linkage Key Duplicates Records Count + Outstanding TRF Unlinked and Linkage Key Duplicates Records Count
  • Options: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count+ Outstanding Intrafirm Unlinked Records Count
  • Note
    • The records counted are a distinct count of Events 
    • For example, if a record that is reported late has an Out of Sequence error and an Intrafirm unlinked error, then it will be counted only once in the Firm Compliance Error Count
    • Named Errors are not included in the Compliance Error Rate

Effective September, 2020
The total number of records for the Industry Member subject to the Compliance Error Percentage calculation for the month

  • Equities: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count+ Outstanding Intrafirm Unlinked Records Count.
  • Options: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count+ Outstanding Intrafirm Unlinked Records Count.

Note: If a record is late and has an Intrafirm error, it is only counted once in the Compliance Error Count.
 

Effective August, 2020

The total number of records for the Industry Member subject to the Compliance Error Percentage calculation for the month.

  • Equities: Late Records Count + Outstanding Repairable Records Count + Outstanding Out of Sequence Records Count + Outstanding Intrafirm Unlinked Records Count. 
  • Options: Late Records Count + Outstanding Repairable Records Count.

Effective July 2020
The total number of records for the Industry Member subject to Compliance Error Percentage calculation for the month.

  • Equities: Late Records Count + Outstanding Repairable Records Count.
7 Days exceeding 5% Compliance Error Rate Number of days during the month the Industry Member exceeded the Maximum Compliance Error Percentage of 5%.
8 Tier

Tier of the Industry Member during the month.  Tier levels are determined by sorting Industry Members by total volume of submissions and assigned based on where an Industry Member falls within the relative distribution as defined below:

Tier Group Distribution
1 2.50%
2 2.50%
3 10.00%
4 15.00%
5 20.00%
6 50.00%
9 Peer Group Compliance Error Rate Total Compliance Error Percentage of the Industry Member’s Peer Group:
(Firm Compliance Error Count for all of the Industry Members in the same Peer Group / Processed Count for all of the Industry Members in the same Peer Group).
10 Industry Compliance Error Rate Compliance Error Percentage for the Industry (Firm Compliance Error Count for all of the Industry Members that reported during the month / Processed Count for all of the Industry Members that reported during the month).
Event Details Section by Product Type
11 Processed The total number of records processed after file has successfully passed file integrity stage. If a file failed at file integrity stage, the number of records in the file are NOT included in this count.
12 Accepted

Effective September, 2020
The total number of records accepted. 

  • Equites: Total Processed minus Ingestion Rejections minus Intrafirm Rejections. 
  • Options: Total Processed minus Ingestion Rejections minus Intrafirm Rejections.

Effective August, 2020
The total number of records accepted. 

  • Equites: Total Processed minus Ingestion Rejections minus Intrafirm Rejections 
  • Options: Total Processed minus Ingestion Rejections 

Effective July, 2020

  • Equities:  Total Processed minus Ingestion Rejections
13 Late  The total number of NEW accepted records that were reported after 8:00 a.m. ET on T+1 or COR/RPR accepted records that were reported after 8:00 a.m. ET on T+3.
14 Late Rate Percentage of Late Records (Late / Accepted). 
15 Late Reported Available January 2021 The total number of NEW accepted records that were reported after 8:00 a.m. ET on T+1.
16 Late Corrected Available January 2021 The total number of COR and RPR accepted records that were reported after 8:00 a.m. ET on T+3.
17 Rejections

Effective September, 2020
The total number of repairable rejected records. 

  • Equities: Total Ingestion and Intrafirm repairable rejected records.
  • Options: Total Ingestion and Intrafirm repairable rejected records.

Effective August 2020
The total number of rejected records. 

  • Equities: Total Ingestion and Intrafirm Rejections. 
  • Options: Total Ingestion Rejections.

Effective July 2020

  • Equities: Total Ingestion Rejections. 

If a file rejected during Ingestion, the number of records in the file are NOT included in this count.

18 Rejections Rate Percentage of rejected records (Rejections / Processed).
19 Repairable Rejections

Effective September, 2020
The total number of repairable rejected records. 

  • Equities: Total Ingestion and Intrafirm repairable rejected records 
  • Options: Total Ingestion and Intrafirm repairable rejected records

Effective August, 2020
The total number of repairable rejected records. 

  • Equities: Total Ingestion and Intrafirm repairable rejected records. 
  • Options: Total Ingestion repairable rejected records.

Effective July, 2020

  • Equities: The total number of Ingestion repairable rejected records.
20 Repairable Rejections Rate Percentage of repairable records (Repairable Rejections / Rejections).
21 Repaired Rejections

Effective September, 2020
The total number of repairable rejections.

  • Equities: Total records repaired that rejected at Ingestion or during Intrafirm linkage. 
  • Options: Total records repaired that rejected at Ingestion or during Intrafirm linkage.

Effective August 2020
The total number of repairable rejections.

  • Equities: Total records repaired that rejected at Ingestion or during Intrafirm linkage. 
  • Options: Total records repaired that rejected at Ingestion.

Effective July 2020

  • Equities: Total records repaired that rejected at Ingestion.
22 Repaired Rejections Rate Percentage of repaired records (Repaired Rejections / Repairable Rejections).
23 Outstanding Repairable Total repairable rejected records that were NOT repaired (Repairable Rejections – Repaired Rejections).
24 Outstanding Repairable Rate Percentage of Outstanding Repairable Records (Outstanding Repairable / Repairable Rejections).
25 Out of Sequence The total number of Out of Sequence Records.
26 Out of Sequence Rate Percentage of Out of Sequence Records (Out of Sequence / Accepted).
27 Out of Sequence Repaired The total number of Out of Sequence Records repaired or reconciled.
28 Out of Sequence Repaired Rate Percentage of Out of Sequence Records repaired or reconciled (Out of Sequence Repaired / Out of Sequence).
Intrafirm Linkage – Events within a Firm
29 Intrafirm Linkage Eligible The total number of records within the firm eligible for Intrafirm Linkage.
30 Unlinked The total number of records within the firm that were unlinked.
31 Unlinked Rate Percentage of Intrafirm Unlinked Records (Intrafirm Unlinked / Intrafirm Linkage Eligible).
32 Unlinked Repaired The total number of Intrafirm Unlinked Records repaired or reconciled.
33 Unlinked Repaired Rate Percentage of Intrafirm Unlinked Records repaired or reconciled (Intrafirm Unlinked Repaired / Intrafirm Unlinked).
Interfirm Linkage – Routed Events between Firms
34 Interfirm Routes Linkage Eligible The total number of routed Event records eligible for Interfirm Linkage. 
35 Route Linkage Key Duplicates The total number of routed Event records unlinked due to duplicate Route Key.
36 Route Linkage Key Duplicates Rate

Percentage of Route Linkage Key Duplicates records. 

(Route Linkage Key Duplicates / Interfirm Routes Linkage Eligible)

37 Route Linkage Key Duplicates Repaired The total number of Route Linkage Key Duplicates records repaired or reconciled.
38 Route Linkage Key Duplicates Repaired Rate

Percentage of Route Linkage Key Duplicate Records repaired or reconciled.

(Route Linkage Key Duplicates Repaired/ Route Linkage Key Duplicates)

39 Unlinked The total number of routed Event records unlinked.
40 Unlinked Rate

Percentage of Unlinked Records.

(Unlinked / Interfirm Routes Linkage Eligible)

41 Unlinked Repaired The total number of unlinked routed Event records repaired or reconciled.
42 Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled.

(Unlinked Repaired/ Unlinked)

Interfirm Linkage – Routed Events Received between Firms
43 Interfirm Accept/Modify Linkage Eligible The total number of received Event records eligible for Interfirm Linkage. 
44 Route Linkage Key Duplicates The total number of received Event records unlinked due to duplicate Route Key.
45 Route Linkage Key Duplicates Rate

Percentage of Route Linkage Key Duplicates records.

(Route Linkage Key Duplicates / Interfirm Accept/Modify Linkage Eligible)

46 Route Linkage Key Duplicates Repaired The total number of Route Linkage Key Duplicates records repaired or reconciled.
47 Route Linkage Key Duplicates Repaired Rate

Percentage of Route Linkage Key Duplicate Records repaired or reconciled.

(Route Linkage Key Duplicates Repaired/ Route Linkage Key Duplicates)

48 Unlinked The total number of received Event records unlinked. 
49 Unlinked Rate

Percentage of Unlinked Records. 

(Unlinked / Interfirm Accept/Modify Linkage Eligible)

50 Unlinked Repaired The total number unlinked received Event records repaired or reconciled.
51 Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled.

(Unlinked Repaired/ Unlinked)

Exchange Linkage – Events Routed to Exchanges
52 Exchange Routes Linkage Eligible The total number of routed Event records eligible for Exchange Linkage.
53 Route Linkage Key Duplicates The total number of routed Event records unlinked due to duplicate Route Key.
54 Route Linkage Key Duplicates Rate

Percentage of Route Linkage Key Duplicates records.

(Route Linkage Key Duplicates / Exchange Routes Linkage Eligible)

55 Route Linkage Key Duplicates Repaired The total number of Route Linkage Key Duplicates records repaired or reconciled.
56 Route Linkage Key Duplicates Repaired Rate

Percentage of Route Linkage Key Duplicate Records repaired or reconciled.

(Route Linkage Key Duplicates Repaired/ Route Linkage Key Duplicates)

57 Unlinked The total number of routed Event records unlinked.
58 Unlinked Rate

Percentage of Unlinked Records.

(Unlinked / Exchange Routes Linkage Eligible)

59 Unlinked Repaired The total number unlinked routed Event records repaired or reconciled.
60 Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled.

(Unlinked Repaired/ Unlinked)

TRF Trades Linkage
61 TRF Trades Linkage Eligible The total number of Trade Event records which name a TRF/ORF/ADF eligible for TRF Trades Linkage.
62 TRF Linkage Key Duplicates The total number of Trade Event records unlinked due to duplicate TRF Linkage Key.
63 TRF Linkage Key Duplicates Rate Percentage of TRF Linkage Key Duplicates Records.
 
(TRF Linkage Key Duplicates/ TRF Trades Linkage Eligible)
64 TRF Linkage Key Duplicates Repaired The total number of TRF Linkage Key Duplicates records repaired or reconciled.
65 TRF Linkage Key Duplicates Repaired Rate

Percentage of TRF Linkage Key Duplicate Records repaired or reconciled.

(TRF Linkage Key Duplicates Repaired/ TRF Linkage Key Duplicates)

66 Unlinked The total number of Trade Event records Unlinked.
67 Unlinked Rate

Percentage of Unlinked Records.

(Unlinked / TRF Trades Linkage Eligible)

68 Unlinked Repaired The total number of Unlinked Trade Event Records repaired or reconciled.
69 Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled.

(Unlinked Repaired/ Unlinked)

Exchange Linkage – Outbound Routes
70 Outbound Routes Accept/Modify Linkage Eligible The total number of outbound route Event records eligible for Exchange Linkage.
71 Route Linkage Key Duplicates The total number of outbound route Event records unlinked due to duplicate Route Key.
72 Route Linkage Key Duplicates Rate

Percentage of Route Linkage Key Duplicates records. 

(Route Linkage Key Duplicates / Outbound Routes Accept/Modify Linkage Eligible)

73 Route Linkage Key Duplicates Repaired The total number of Route Linkage Key Duplicates records repaired or reconciled.
74 Route Linkage Key Duplicates Repaired Rate

Percentage of Route Linkage Key Duplicate Records repaired or reconciled.

(Route Linkage Key Duplicates Repaired/ Route Linkage Key Duplicates)

75 Unlinked The total number of outbound route Event records unlinked.
76 Unlinked Rate

Percentage of Unlinked Records.

(Unlinked / Outbound Routes Accept/Modify Linkage Eligible)

77 Unlinked Repaired The total number of unlinked outbound route Event records repaired or reconciled.
78 Unlinked Repaired Rate

Percentage of Unlinked Records repaired or reconciled. 

(Unlinked Repaired/ Unlinked)

Named Errors
Interfirm Linkage – Routed Events between Firms
79 Named on Interfirm Routes The total number unlinked routed Event records on which the Firm was named.
80 Repaired The total number of unlinked routed Event records repaired or reconciled.
81 Repaired Rate

Percentage of unlinked routed Event records repaired or reconciled. 

(Repaired/ Named on Interfirm Routes)

Interfirm Linkage – Route Events Received between Firms
82 Named on Interfirm Accept/Modify The total number of unlinked received Event records on which the Firm named.
83 Repaired The total number of unlinked received Event records repaired or reconciled.
84 Repaired Rate

Percentage of unlinked received Event Records repaired or reconciled. 

(Repaired/ Named on Interfirm Accept/Modify)

Exchange Linkage – Events Routed to Exchanges
85 Named on Exchange Routes The total number of routed Event records unlinked on which the Firm was named.
86 Repaired The total number of unlinked routed Event records repaired or reconciled.
87 Repaired Rate

Percentage of unlinked routed Event Records repaired or reconciled.

(Repaired/ Named on Exchange Routes)

TRF Trades Linkage
88 Named on TRF Trades The total number of TRF Trade records unlinked on which the Firm was named.
89 Repaired The total number of unlinked TRF Trade records repaired or reconciled.
90 Repaired Rate

Percentage of unlinked TRF Trade records repaired or reconciled. 

(Repaired/ Named on TRF Trades)

Exchange Linkage – Outbound Routes
91 Named on Outbound Route Accept/Modify The total number outbound route Event records unlinked on which the Firm was named.
92 Repaired The total number of unlinked outbound route Event records repaired or reconciled.
93 Repaired Rate

Percentage of unlinked outbound route Event records repaired or reconciled.

(Repaired/ Named on Outbound Route Accept/Modify)

 

Daily Compliance Error Rate


Effective January 4, 2021, the Daily Compliance Error Rates on the Reporter Portal Reporting Summary screen are calculated as follows:

Product Type

Calculation

Equities (Accepted Late + Outstanding Rejections (Ingestion and Intrafirm) + Outstanding Intrafirm Unlinked Events + Outstanding Out of Sequence Events + Outstanding Interfirm Unlinked Events + Outstanding Exchange Unlinked Events + Outstanding TRF Unlinked Events)/Total Processed
Options (Accepted Late + Outstanding Rejections (Ingestion and Intrafirm) + Outstanding Intrafirm Unlinked Events + Outstanding Out of Sequence Events + Outstanding Interfirm Unlinked Events + Outstanding Exchange Unlinked Events)/Total Processed
ALL (Accepted Late + Outstanding Rejections (Ingestion and Intrafirm) + Outstanding Intrafirm Unlinked Events + Outstanding Out of Sequence Events + Outstanding Interfirm Unlinked Events + Outstanding Exchange Unlinked Events + Outstanding TRF Unlinked Events) for EQUITIES and OPTIONS/Total Processed

 

  • Note: The records counted in the numerator of the Daily Compliance Error Rate are a distinct count of Events. For example, if a record that is reported late has an out of sequence event and an intrafirm unlinked event, then it will be counted only once in the Daily Compliance Error Rate.
  • Named Errors do not participate in the Compliance Error Rate.