AQS Middle Office

AQS Middle Office, (AQS:MO) is an integrated set of middle office applications that support securities lending market activities. AQS:MO serves as a conduit between AQS, The Options Clearing Corporation (OCC) and the Depository Trust Company (DTC), and allows for seamless end-to-end transaction processing. AQS:MO maintains and stores all loan and loan history details related to activity executed, cleared and settled through AQS.

AQS:MO Key Functionality

• Contract Maintenance
• Settlement Processing
• Rebate Processing
• Cash Dividend Processing
• Corporate Action Processing
• Full Overnight Reconciliation
• Buy-in Processing
• Mark-to-Market

Reporting

AQS:MO offers standardized and customized reporting capabilities, including:

• Position Reports that display consolidated positions by symbol identifier, rate, Clearing Member, Non-Clearing Member, side (lend or borrow), and account
• Transaction Reports displaying individual transactions at the contract level
• Daily Rebate Reports for a user to view daily rebate data
• Return/Recall Reports for a user to view returned and recalled transactions

AQS:MO FAQ