- The following terms have the meaning set out below when used in Rule 7200:
A Dealer Member or other business entity that has successfully enrolled with IIROC under section 7205 to submit debt securities transaction reports on behalf of Dealer Members.
Committee on Uniform Securities Identification Procedures.
An electronic acknowledgement that confirms the transaction reporting data file has been successfully transmitted.
“Government Securities Distributor”
An entity that has been given notice of its status as such by the Bank of Canada and applies to those bidders eligible to participate directly in the tender process at Government of Canada auctions.
International Securities Identification Number.
The Market Trade Reporting System operated by IIROC for reporting debt securities transactions.
“MTRS 2.0 Enrollment Form”
The form filed by a Dealer Member with IIROC to supply contact and other information that may be needed by IIROC in connection with the Dealer Member’s reporting of debt securities transactions. An MTRS 2.0 Enrollment Form must also be filed by any party seeking to act as an authorized agent for a Dealer Member in reporting transaction data to MTRS 2.0.
“riskless principal trade”
A trade in a debt security that involves two offsetting orders (buy and sell) that are filled through transactions executed against a Dealer Member’s trading or other proprietary account, with the execution of one of the orders dependent upon the receipt or execution of the other. A riskless principal trade results in two offsetting principal transactions on the Dealer Member’s books, rather than one agency transaction. A Dealer Member typically performs a riskless principal trade to fill a client order with an offsetting transaction in the market or with another client.
“special condition indicator”
A code used on a transaction report to indicate that the transaction has certain attributes. Among other uses, the special condition indicator helps to identify transactions that may be priced differently than other transactions in the same issue (for instance, a primary market transaction subject to a fixed price offering agreement). Special condition indicators are also used to identify repurchase agreement transactions, transactions that involve parties related to the Dealer Member executing the transaction, and certain other conditions that may apply to a transaction and that are relevant to the regulatory and market surveillance purposes of Rule 7200.