SHORT System Web User`s Manual
Contents
1. New Submission gt Information displayed on the Submission Management screen can be sorted by clicking on each column heading In addition information can be filtered by the following criteria CUSIP Number Reset Rate and whether a submission was made by i current user My Submissions ii user s firm Firm Submissions or iii a third party on behalf of the user s firm On Behalf of Submissions To filter information enter the criteria and select the Refresh button To undo filtering remove filter criteria and select the Refresh button Municipal Securities Rulemaking Board 15 Short term Obligation Rate Transparency SHORT System Submissions Manual SUBMISSION MANAGEMENT Ce RateType Interest Rate Rate Period Min Rate Max Rate Received DateTime Q9999AA85 ARS Set by Auction 5 325 05101 2012 11 18 59 1 3950 57 051032012 11 20 05 Y i 999994A36 ARS Set by Auction 5 325 07 44 2011 10 37 01 7 390 5750 0711512011 19 5415 Yo T ano ARS Max Rate 400 15250011124800 1 067277041 063743 Make a New Submission To submit data to the SHORT System select the New Submission button on the Submission Management screen SUBMISSION MANAGEMENT Viewing 1 10 of 35 submissions matching your search criteria Rate Period Win Rate Max Rate 999994485 Set by Auction 05 01 2012 11 18 59 0503 2012 11 2005 P 999394436 Set by Auction 07 14 2011 10 37 01 07 15 2011 19 52. eee as IVNN EMMA Municipal Securities Electronic Municipal Market Access Rulemaking Board The Official Source for Municipal Disclosures and Market Data Short term Obligation Rate Transparency SHORT System Submission Manual Version 2 1 August 2015 emma msrb org Short term Obligation Rate Transparency SHORT System Submissions Manual Revision History 1 0 January 28 Initial version 2009 1 1 August 2009 _ Clarified descriptions of the following data elements Date Time of Interest Rate reset Par Amount Auctioned Minimum Denomination Liquidity Facility Minimum Rate and Maximum Rate added instructions on using pre population function an updated screen images to reflect new version of Web User Interface June 15 2010 Updated screenshots in Section for accessing the web interface April 2011 Changes to MSRB Rule G 34 effective May 16 2011 Added the submission of additional data elements and Changes documents Effective May 16 2011 August 28 2012 Updated manual to reflect the ability for a document submitter to access a list of previous submissions by searching using CUSIP number October 19 Updated screenshots and content to reflect the current 2012 SHORT system May 2013 2 1 August 2015 Updated the Resources and Support section to reflect the change in hours of operation for Email Support Municipal Securities Rulemaking Board 2 Short term Obligation Rate Transparency
3. Dealer AddtoDealerList Dealers Remove Selected Once all data has been entered click Add Submission The Submission Management screen appears with a list of submissions If no errors are found in the submission the instruct icon which indicates an initial data submission appears to the left of the submission Status of Municipal Securities Rulemaking Board 18 Short term Obligation Rate Transparency SHORT System Submissions Manual processing the submission appears at the top of the Submission Management screen The status icons are described in the Status Icons and Error Codes section SUBMISSION MANAGEMENT Viewing 1 1 of 1 submissions matching your search criteria 5107 1 Transaction s Included e 5007 Submitted Transaction s Successfully Processed CUSIP Reset Date from to My Submissions e 999994485 VRDO Set by Agent 2325 10 15 2012 10 15 00 31 1950 3 750 10 15 2012152528 9 Pre populate a New Submission with Existing Data The SHORT Web UI allows a submitter to pre populate many of the data elements required on the Add New Submission screen with information from a prior submission This function allows a submitter to submit without having to re key those data elements that typically do not change from one submission to the next To make a new submission to the SHORT System using the pre population function select the previous submission from the Submission Management screen for which
4. MSRB Rule G 34 c also identifies the types of documents that are required to be submitted to the SHORT System In conjunction with a document submission indexing information is required to be included identifying the document type the date the document became available to the dealer and the municipal security CUSIP number s to which such document relates A submitter required to submit an existing document in the SHORT System is permitted to reference the previously submitted document and provide indexing information in lieu of submitting a duplicate document A submitter required to submit a document that is not able to be obtained through best efforts as described in Rule G 34 c is required to provide an affirmative indication that the required document is not available for submission notwithstanding the submitters best efforts to obtain such document Submitters Submissions to the SHORT System may be made by the following classes of submitters e ARS Program Dealer e VRDO Remarketing Agent e ARS Auction Agent and e Designated Agent which may submit any information otherwise permitted to be submitted by another class of submitter that has designated such agent as provided below All ARS Auction Agents are allowed to submit information about an auction to the SHORT system without prior designation by an ARS Program Dealer Dealers may optionally designate agents to submit information on their behalf and may also revoke the des
5. SHORT System Submissions Manual Table of Contents UPI OCUICUON ES nEaN decease EE NSE EEEE EEE EEE EEEE E EE E E 5 PART 1 Overview of the SHORT System ccssssccseseecesseeceseeeeeneesenseesenneeseneeeseaes 6 Submission of Interest Rate and Descriptive Information ccccccceeeeeeeeeeeees 7 Submission of Documents cccceccceececeececeececeececeueeseeeessueesseeeseueeseeeesseeeseeesaness 7 So paie e a N EAEE AEA 7 TANGO UDM O IO a sees ese oes EEEE EE EEEE 8 MOOG OF SUD IMISSIOM oeaan EENET 8 Designated Electronic Format for Documents cccccceceeecceeceeeceeeseeseeeseesaues 8 Data and Document Processing cccceeccsecccsceceeeceeeeeeeeceeeceeeseeeseueenseeseeeseetens 8 Information and Document Dissemination cccceccceccceceaeeeeeeeeeeseeeseeeneeeaeeeaees 9 SHORT Web User Interface and Short term Obligation Rate Transparency System XML Interface cece cccssecceeeceeeeeceeeeeeeeeceeeeegeeseeeseueeteueeseueetsueetsneessuees 9 EMMA Dataport and SHORT System Document Submission Service 9 DY SUS Fd FW III AO essa cetsas vena veaae E A E EE E TEN 9 Part 2 SHORT System Data Elements Submissions ccccceeseeeeneeeeeneeeeeeeeeeneeees 11 Pre populate a New Submission with Existing Data cccccsccecsseeeeeseeeeeeeees 19 WIOGIIY SUMING DAI eee E E 21 View SUDI MISSION FAISU OW a cee tecnccectscaencetsacneiatonuasneden ceraceloncevncencavicen
6. DOCUMENTS Auction Procedure Auction Bate Securities Document pot posted 10182012 Aeosived on 1012012 View The following securities have been published with this SHORT Document Submission Deplayng 2 CUSPs 999996416 395999BA26 Submit a Variable Rate Demand Obligation Document Select Create to initiate a new submission of a VRDO document EMMA Dataport Submission Portal MSRB MIKE DOE email mdosmdealemzcom SHORT Document Rule G 34 Select Company Dealer XYZ AT243 Search Submissions by CUSIP 9 Auction Rate Security REATE UPDATE EJ Variable Rate Demand Obligation REATE UPDATE Municipal Securities Rulemaking Board 34 Short term Obligation Rate Transparency SHORT System Submissions Manual Enter the CUSIP s that are associated with the document then click the Upload button The CUSIP s appear in the Assigned Securities list displaying a count of the number of securities associated in the heading at the top of the column EMMA Dataport SHORT Document Submission MSRB A You are currently acting on behalf of Dealer XYZ cS Instrument Type Variable Rate Demand Obligation Associate Securities to Submission INSTRUCTIONS Enter CUSP 9s for securities 9999998434 Assigned Securities Dsplaying 2 securis i 99999BA18 99999BA26 Unession CUSHs To remove a particular security from the Assigned Securities list highlight the CUSIP number s and click Unassign CUSIPs and the
7. Rate Interest Rate Max Rate Reset Date 10ga Reset Time hiv24omm ss VRDO specific Notification Period P ntity of Tender Agent interesi Rate Effective Dale Remove Tender Agent Aggregate Par Amount held as a Bank Bond Aggregate Par Amount held by invesiors and Remarketing Agent Liquidity Facility Standby Bond Purchase Agreement identity of Liquidity Provider Expiration Date Field required Legacy Field Required Retum fy Municipal Securities Rulemaking Board 17 Short term Obligation Rate Transparency SHORT System Submissions Manual To submit data to the SHORT System enter the appropriate values into each of the fields on the screen Hover over any data element to view a dialogue box with a definition for the data element A complete listing of data elements with descriptions can be found in the Data Element Descriptions for SHORT Web User Interface section of this manual Data fields marked with a red asterisk must be populated with data in order for a submission to be processed by the SHORT System To submit the identity of the dealer enter the MSRB Registration Number of the associated dealer then select the Add to Dealer List button If you are reporting on behalf of more than one dealer for example you are an Auction Agent and are submitting data on behalf of all Program Dealers additional MSRB Registration Numbers can be added to the dealer list Field required
8. and Remarketing Agent Standby Bond Purchase Agreement MSRB BANK expires 10452013 TM55 Reset Dale is greater than last resel date plus reset period Please ensure thal you did nol miss sending SHORT a Reset Once the cancellation is confirmed The Submission Management screen returns with the cancellation status icon to the left of the cancelled submission Status of processing the submission appears at the top of the Submission Management screen SUBMISSION MANAGEMENT Viewing 1 6 of submissions matching your search criteria e 004 Submitted Transaction s Successfully Processed CUSIP Reset Date from CUSIP sume Type Reset Date Rae Period Win Rate Wan Rte Received DateTime 99999AK35 VRDO Set by Formula 2325 10 15 2012 11 15 00 W 1951 3 750 10 15 2012 16 57 14 ie g 999MB VROO SetbyAgent 2325 104520121041500 31 4950 3750 1015201216024 A i Municipal Securities Rulemaking Board 23 Short term Obligation Rate Transparency SHORT System Submissions Manual View Submission History lf you make a new submission and subsequently modify or cancel the submission you are able to view the submission history Select the submission you wish to view from Submission Management screen and select the Submission History tab at the top of the screen The Instruct Modification and Cancellation icons appear to the left of each submission under column Type Select any one of the three records to view the specific data sub
9. municipal entities and the public interest by promoting a fair and efficient municipal securities market The MSREB fulfills this mission by regulating the municipal securities firms banks and municipal advisors that engage in municipal securities and advisory activities To further protect market participants the MSRB provides market transparency through its Electronic Municipal Market Access EMMA website the official repository for information on virtually all municipal bonds EMMA provides free public access to official disclosures trade data credit ratings educational materials and other information about the municipal securities market The MSRB also serves as an objective resource on the municipal market conducts extensive education and outreach to market stakeholders and provides market leadership on key issues The MSRB is a Congressionally chartered self regulatory organization governed by a 21 member board of directors that has a majority of public members in addition to representatives of regulated entities The MSRB is subject to oversight by the Securities and Exchange Commission The Short term Obligation Rate Transparency SHORT System is a facility of the MSRB for the collection and dissemination of information and documents about municipal securities bearing interest at short term rates which include municipal Auction Rate Securities ARS and Variable Rate Demand Obligations VRDOs Dealers that act as ARS Program Dea
10. reporting seconds or if the seconds are not known Length of the Number of calendar days that the interest rate produced by Municipal Securities Rulemaking Board 27 Short term Obligation Rate Transparency SHORT System Submissions Manual Interest Reset the interest rate reset is applicable Period in Days Interest Rate Interest rate in percent produced by the interest rate reset Minimum Minimum allowable transaction size in par amount Denomination applicable on the day of the VRDO interest rate reset Rate Type Indication of whether the interest rate submitted represents a maximum rate M a rate that was set by a formula F or a rate that was set by the VRDO Remarketing Agent R Length of Number of calendar days that may lapse between a holder Notification Period of a VRDO tendering its security and a liquidity provider purchasing the tendered security in the event that the Remarketing Agent is unable to remarket the tendered security Minimum Rate Minimum interest rate in percent applicable at the time of the interest rate or if such minimum interest rate is not able to be calculated an indication that such rate is not calculable NC Leave blank if there is no minimum rate applicable Maximum Rate Maximum interest rate in percent applicable at the time of the interest rate reset or if such maximum interest rate is not able to be calculated an indication that such rate is not calculable NC Leave blank if t
11. you would like to make a new submission select the the New Reset icon to the far right of the submission to go directly to the Add New Submission screen where certain data elements are pre populated Y 0 999994485 VRDO Set by Agent 2325 10 15 2012 10 15 00 34 1950 3750 10 15 2012 15 25 28 p Municipal Securities Rulemaking Board 19 Short term Obligation Rate Transparency SHORT System Submissions Manual Alternatively you can select the submission and then select the New Reset icon VIEWING SUBMISSION CUSIP 999994A36 RESET DATE 10 15 2012 Submission Details CUSIP Rate Pernod Dealers 2 Dealers MSRESJ Min Denomination Rate Type Se 2 Min Rate Insirument Type Interest Rate 7 43 Max Rale Resei Date Reset Time VRDO Speciic Notification Pernod identity of Tender Agent Interest Rate Effective Date MSRB LLC Aggregate Par Amount held as a Bank Bond Aggregate Par Amount held by Investors and Remarketing Agent Standby Bond Purchase Agreement MSRB BANK expires 10 14 2013 D gt ewes D A new window appears showing a partially pre populated Add New Submission screen Enter the appropriate values for the data elements that are not pre populated and make any necessary corrections to the pre populated data elements Click the Add Submission buiton ADD NEW SUBMISSION Field required Rate Period CUSIP 999994485 31 Dealer Add to Dealer List iInstument yrRDO Mi
12. 4 15 F i 99999452 Max Rate 05 25 2011 12 45 00 0572712011 083743 P 999994J60 Max Rate 05 25 2011 12 45 00 05 27 2011 06 37 43 i 99999AJ78 Max Rate 05 25 2011 12 45 00 05 27 2011 06 37 43 Yo 99999486 Max Rate 05 25 2011 13 06 00 05 27 2011 06 37 43 p i 99999AI94 Max Rate 05 25 2017 13 06 00 05 27 2011 06 37 43 p f 9S999AM90 Max Rate 05 25 2011 12 45 00 4 05 26 2011 13 12 14 99999AM82 Max Rate 05 25 2011 12 45 00 ADI 05 26 2011 131214 9 99999AM74 Ri Max Rate 05 25 2011 12 45 00 05 26 2011 131214 Next G Municipal Securities Rulemaking Board 16 Short term Obligation Rate Transparency SHORT System Submissions Manual The Add New Submission screen appears Choose one of the following instrument types e Auction Rate Security ADD NEW SUBMISSION Field required InstumentType ARS Min Denomination Dealers Remove Selected Rale Type Sel by Auction Min Rate interest Rate Maz Rate Reset Date 10 10 2012 Reset Time ARS specific Interest Rate Posting Date 1002012 Interest Rate Posting Time hiv2dminess Bidding Information Order Buy Order investor Order Type Entity Par Amount Field required Legacy Field Required e Variable Rate Demand Obligation ADD NEW SUBMISSION Field required Rate Period Dealer Addio Dealer List Min Denomination Dealers E Rate Type Set by Formula Min
13. 85 RESET DATE 10 15 2012 Field required Delais may have changed Please verily details before making changes CUSIP Rate Period Dealer Add to Dealer List Instrument VRDO Min Dealers wsrRea move Se Type Denomination l me Aalactasd J Rate Type Set by Agent Min Fate Interest 2325 Mar Rate 3 Rate Reset Date Resel 10 15 00 hh nnr aS Time VRDO specific Notification Period 24 c raant of Tender Add Tender Agent j gen ae z Interest Rate Effective Date 10 16 2012 i MSRB LLC Remove Tender Agent m Aggregate Par Amount held as a Bank 3000000 Bond AQgregate Par Amount held by Investors o and Remarketing Agent Liquidity Facility Standby Bond Purchase Agreement identity of Liquidity Provider Add Liquidity Facility Expiration Date Standby Bond Purchase AgreementMSRB BANK expires 10 15 2013 Remove Selected Field required Legacy Field Required Reum Once the modification has been submitted you are directed to the Submission Management screen and the modify icon appears to the left of the modified submission Status of processing the submission appears at the top of the Submission Management screen SUBMISSION MANAGEMENT Viewing 1 6 of 6 submissions matching your search criteria 101 1 Transaction s Included e 001 Submitted Transaction s Successfully Processed CUSIP Reset Date
14. CUSIP s will be removed from the Assigned Securities list Click the Next button to continue You are currently acing on behal of Dealer XYZ Se eee re eae Submission Status Not Published Instrument Type Variable Rate Demand Obligation Associate Securities to Submission INSTRUCTIONS Enter CUSP 9s for securtes E 99999935434 a Assigned Secunties Displaying 2 securities 999996416 99999BA26 Upload Municipal Securities Rulemaking Board 35 Short term Obligation Rate Transparency SHORT System Submissions Manual To upload a VRDO document select one of the radio buttons that applies to the type of document being uploaded Next enter a date in the Document Received Date field EMMA Dataport SHORT Document Submission WAY You are currently acting on behalf of Dealer XYZ Instrument Type Variable Rate Demand Obligation SHORT DOCUMENTS UPLOAD DOCUMENT Manage Documents amp Files Options Only PDFs accepted H PDFs musi be word searchable except for transition period document submissions Check if transition ered document Please select one of the following options Document Received Date 10 24 2012 Letter of Credit Stand by Bond Purchase Agreement Uplo ad DIANY other document that establishes an obligation to provide liquidity Upload Multiple Files gt Look up Similar Documents on EMMA To indicate that you are submitting a document that was effective prior to May 16 2011 ch
15. Eastern Time and must be entered in military format Seconds may be entered as 00 if your system is not capable of reporting seconds or if the seconds are not known Date of Interest Date that the ARS auction results were communicated to ARS Rate Posting Program Dealers Time of Interest Time that the ARS auction results were communicated to ARS Rate Program Dealers All reported times are Eastern Time and must Posting be entered in military format Seconds may be entered as 00 if your system is not capable of reporting seconds or if the seconds are not known Length of the Interest Reset Period in Days Interest Rate Interest rate in percent produced by the auction process Minimum Minimum allowable transaction size in par amount applicable on Denomination the day of the ARS auction Rate Type Indication of whether the interest rate submitted represents a maximum rate M all hold rate H or an interest rate set by the Number of calendar days that the interest rate produced by the auction process is applicable auction process A Minimum interest rate in percent applicable at the time of the Municipal Securities Rulemaking Board 26 Short term Obligation Rate Transparency SHORT System Submissions Manual FIELD NAME DESCRIPTION auction or if such minimum interest rate is not able to be calculated an indication that such rate is not calculable NC ee Leave blank if there is no minimum rate applic
16. If you are experiencing log in or other system related problems please check the MSRB Systems Status Page for more information If you need additional help please contact the MSRB via email at GatewaySupport msrb org or by phone at 703 797 6668 Password Forgot password iu Access Online Training about Submitting to EMMA Pose The MSRB recommends not bookmarking this page Don t have an account Register amp MSRB Gateway Manual Select the SHORT System Web User Interface link under Market Information Systems to enter interest rate and descriptive information to the SHORT System pursuant to MSRB Rule G 34 Select the SHORT System Web User Interface Test Environment under Market Information Systems to make TEST submissions MSRB Gateway Main Menu My Profile Edit Welcome to MSRB Gateway Your User Account has the following Access Rights User ID JDOE3 Role User Click on a section to expand User Name JOHN DOE Organization Name MSRB4 Account and Organization Management MSRB ID MSRBS Market Transparency Systems Email Address jdoe dealenyz com Access MSAB systems to submit documents and data related to municipal market activity and political contributions Change Password RTRS Web Interface Test System gt EMMA Dataport Submit documents and information to EMMA Municipal Securities Rulemaking Board 14 Short term Obligation Rate Transparency SHORT System Submissions Manual Submission Manage
17. SRB4 MSRB4 Search Submissions by CUSIP 9 Auction Rate Security CREATE UPDATE Auction Rate Security Bi Variable Rate Demand Obligation CREATE UPDATE You searched for 99999AA78 Auction Rate Security Select Submission ID to update Submission ID Document Type Submission Date EB419707 Auction Procedure 082172012 ER40370T Auction Procedure 051672011 ER403554 Auction Procedure OS 142011 Prior submission information will be pre populated with CUSIP numbers previously associated and the document s previously uploaded From this point the process followed to update a prior submission is identical to the process for associating a new CUSIP or uploading a new document Cancel a Submission To cancel a submission select the Update link for the type of security either ARS or VRDO that you would like to cancel Enter the Submission ID or the CUSIP number Previously disclosed information related to associated CUSIPs and documents will be archived on the EMMA website Variable Rate Demand Obligation CREATE UPDATE Modify Submission E640 1445 Cc If you do not know your Submission ID you may search for a submission by entering the CUSIP number and selecting the appropriate security type You may then click on the appropriate Submission ID to cancel a submission Select Company MSRB4 MSRB4 Search Submissions by CUSIP 9S i CREATE UPDATE mil Auction Rate Security Auction Rate Security dll oS Variable Rat
18. T System Submissions Manual Click Yes Publish and the following confirmation screen appears SUBMISSION ID EB401444 PUBLISHED SUCCESSFULLY Print Submission Start new submission A confirmation email has been sentto your email address on file To send a duplicate confirmation email to a secondary email address click here The confirmation screen contains the following e A submission ID which is your unique identifier and helpful for any future updates e A link to print your submission confirmation e A link to start new submission or to modify your existing submission e A link to send your submission confirmation to a secondary email address Update a Prior Submission You may update or modify a submission from the Submission Confirmation Screen or by going directly to the SHORT Document tab Select the Update button for the type of security either ARS or VRDO that you would like to modify or update Enter your Submission ID received from your original submission or your CUSIP number Variable Rate Demand Obligation CREATE Modify Submission EB401445 l If you do not know your Submission ID you may search for a submission by entering the CUSIP number and selecting the appropriate security type You may then click on the appropriate Submission ID to update a submission Municipal Securities Rulemaking Board 43 Short term Obligation Rate Transparency SHORT System Submissions Manual Select Company M
19. able Maximum Rate Maximum interest rate in percent applicable at the time of the auction or if such maximum interest rate is not able to be calculated an indication that such rate is not calculable NC Leave blank if there is no maximum rate applicable Order Type Indication of whether an order submitted is an order to buy B sell S or hold at rate O Order Interest For orders to buy or hold at rate the interest rate associated with such orders Order Entity Indication of whether an order placed or that was filled is for an investor 1 program dealer for its own account P or issuer conduit borrower of the ARS C Order Par Amount The aggregate par amount submitted to the auction for each order OSPA AOAN osteo te 1o buy ang POKS tates and roy Filled Par Amount The aggregate par amount filled as a result of the auction for each order type interest rate for buy and hold at rate orders and order entity Variable Rate Demand Obligations CUSIP CUSIP Number for the VRDO PENG Indication of whether a submission is an ARS or VRDO Indicator Dealer MSRB MSRB Registration Number of the VRDO Remarketing Number Agent ONEONE Date that the VRDO interest rate was determined Rate Reset Time of Interest Time that the VRDO interest rate was determined All Rate Reset reported times are Eastern Time and must be entered in military format Seconds may be entered as 00 if your system is not capable of
20. cesaddecuaneseenat 24 PART 3 SHORT Document Submission cccceeeeeeneeeeneeeeneeeeneeeeneeeeneeseneeeeneees 30 Submit an Auction Rate Security DOCUMENL ccceececseeeeeeeeeeeeeaeeesaeeeeaeeeeas 31 Submit a Variable Rate Demand Obligation DoCument cccseeeeseeeeeeeees 34 Reference a Document Already Submitted to EMMA ccccceeeeeeeeeeeeeeeeeees 39 Manage Uploaded Documents cccccceeccceeeeceeeeceeeeceeeeseueeseueeseueesaueeseeeesaees 40 Preview and Publish Uploaded Document Submissions ccceceeeeeeeeeeee ees 42 Upate a PHOF SUDIMISSION sawsnncsss seseeesancsanexnuncasavevesanaewucsovaeasaseneaawceaerevssaenaewevane 43 MUI I NS SION resect ccs EE 44 OFE OU coments een ets eee ee ee ee eee 45 Municipal Securities Rulemaking Board 3 Short term Obligation Rate Transparency SHORT System Submissions Manual Resources and Support MSRB Website www msrb org EMMA Website emma msrb org For assistance contact MSRB Support at 703 797 6668 or MSRBsupport msrb org Live Support 7 30 a m 6 30 p m ET Email Support 7 00 a m 7 00 p m ET Municipal Securities Rulemaking Board 1900 Duke Street Suite 600 Alexandria VA 22314 Tel 703 797 6600 Fax 703 797 6700 Municipal Securities Rulemaking Board 4 Short term Obligation Rate Transparency SHORT System Submissions Manual Introduction The MSRB protects investors state and local governments and other
21. e Demand Obligation CREATE UPDATE You searched for 999994428 Auction Rate Security Select Submission ID to update Submission ID DocumentType Submission Date B419707 Auction Procedure O82 1 2012 ER4O3707 Auction Procedure 05162011 Rapa Auction Procedure OS 14 2014 Municipal Securities Rulemaking Board 44 Short term Obligation Rate Transparency SHORT System Submissions Manual After selecting the appropriate Submission ID click on the Cancel Submission button Cancel Submission Not bit The following confirmation screen appears Are you sure you want to cancel this submission Exit or Log Out If you do not end an EMMA session by publishing EMMA does not preserve any data entered in that session A SHORT Document submission under MSRB Rule G 34 has not met the requirements of the rule unless the submission has been published If you wish to exit without saving any data entered or publishing click the Exit button Cancel Submission EEL Next Exit The following confirmation screen appears Are you sure you want to exit this submission All unsaved data will be lost Municipal Securities Rulemaking Board 45 Short term Obligation Rate Transparency SHORT System Submissions Manual If you have successfully completed your document submission and do not wish to make a new submission or update a submission exit EMMA Dataport by clicking Logout EMMA Dataport MSRB Gateway Contact The following confirmat
22. e G 34 c on variable rate security market information has required dealers that act as Program Dealers for ARS or Remarketing Agents for VRDOs to report either directly or through an agent certain information following an ARS auction or VRDO interest rate reset to the SHORT system Information generally is required to be reported to the SHORT System by no later than 6 30 P M Eastern Time on the day that an ARS auction or VRDO interest rate reset occurs Municipal Securities Rulemaking Board 6 Short term Obligation Rate Transparency SHORT System Submissions Manual Effective May 16 2011 changes to MSRB Rule G 34 c require dealers to submit additional information in conjunction with a submission of interest rate and descriptive information about ARS and VRDOs Additionally the rule changes require dealers to submit to the MSRB documents that define auction procedures and interest rate setting mechanisms for ARS and liquidity facilities for VRDOs All reported information and documents are made available in real time on the EMMA website and to subscribers Submission of Interest Rate and Descriptive Information MSRB Rule G 34 c identifies the data required to be submitted with regard to interest rate and descriptive information A complete list of data elements is provided in this manual d The data elements required for ARS submissions are not the same as the data elements required for VRDO submissions Submission of Documents
23. e top of the page MyEMMA EMMA Dataport Contact Us EMMA osese Electronic Municipal Market Access act pa Enter CUSIP or Name Aservice of the MSAB Are you new to EMMA Search for Municipal Bonds Find prices disclosures and other Quick Search information of municipal bonds Find municipal bonds by CUSIP number or name Enter CUSIP or Name js Browse municipal securities information i by issuer Advanced Search Find municipal bonds based on certain specific characteristics including rating maturity and price Explore municipal market trends and data Price Discovery Find and compare trade prices of municipal bonds with similar characteristics Learn how the MSRB protects municipal Enter CLISIP 9 E market participants 7 MOST ACTIVELY TRADED MUNICIPAL SECURITIES or 3 18 2015 a5 of 11 43 AM MSRB Education Center investors and state and local governments s What s New on EMMA Price Discovery Tool Find and compare trade prices of municipal bonds with similar characteristics 03 01 2039 4 Municipal Securities Rulemaking Board 12 Short term Obligation Rate Transparency SHORT System Submissions Manual Then click the Login to MSRB Gateway button EMMA Dataport Contact Us EMMA Electronic Municipal Market Access A service of the MSRB for assistance call 703 797 6668 EMMA Dataport Municipal Securities Document Submission Fina Municipal securities dealers issuers obligated perso
24. eck the box for transition period documents You will not be required to enter a date in the Document Received Date field EMMA Dataport SHORT Document Submission MSRB 13 A State t Sub mission Status Not Published You are currently acting on behal of Dealer XYZ f instrument Type Variable Rate Demand Obligation SHORT DOCUMENTS UPLOAD DOCUME NT Manage Documents amp Files Optior Only POFs accepted E POF Ss must be word searchable except for transition period document submissions Please select one of the following options Document Received Date d Transition period documents are not required to be word searchable PDF files However any new or amended versions of documents produced after May 16 2011 will be required to be in word searchable PDF format Municipal Securities Rulemaking Board 36 Short term Obligation Rate Transparency SHORT System Submissions Manual Click the Browse button to locate the document on your computer then click the Upload button UPLOAD DOCUMENT Only PDFs accepted 5 j PDFs must be word searchable except for transition period document submissions Document Received Date 10 24 2012 _ Browse m lt Upload Multiple Files gt Look up Similar Documents on EMMA To upload more than one document click Upload Multiple Files and repeat these steps UPLOAD DOCUMENT Only PDFs accepted 4 PDFs must be word searchable except for transition period d
25. ed DateTime 99999AA36 VRDO set by Formula 2 325 10 15 2012 11 15 00 30 1 951 3 750 10 18 2012 16 02 00 Fa A oO 999934454 VRDO set by Formula 2 325 WON S20 12 17 15 00 30 1 951 3 750 TOMS2012 16 01 36 F a oO 999994484 VRDO set by Formula PAE 1U S02 17 15 00 30 1 951 3 750 TOTS2012 16 01 17 oO GOD99AASE VRDO Set by Formula 2 325 10 15 2012 11 15 00 30 1 951 3 750 10 15 2012 16 01 01 gf 39999486 VRDO set by Formula 2 325 10 10 2012 11 15 00 30 1 951 3 750 10 15 2012 16 00 34 g 999994AA85 VRDO Sel by Agent 2320 TOM SZ012 10 15 00 31 1 950 3 750 TUS 15 2528 Pi Modify Submitted Data To modify a submission select the submission you wish to modify from the Submission Management screen In this example the first submission is selected Select the pencil icon to the right of the submission to go directly to the Modify Submission screen Alternatively you can select the submission and then select the Modify button when viewing submission details Q 999994486 VRDO Set by Formula 2 325 10 10 2012 11 15 00 30 1 951 3 750 10 15 2012 16 00 34 P Q 999994485 VRDO Set by Agent 2 325 10 15 2012 10 15 00 31 1 950 3 750 10 15 2012 15 25 28 P A new window appears showing the details of the submission Enter data you wish to modify and select the Modify Fields that are shaded cannot be modified Municipal Securities Rulemaking Board 21 Short term Obligation Rate Transparency SHORT System Submissions Manual MODIFY SUBMISSION CUSIP 9999944
26. from My Submissions Refresh e Type ee ee OE S9999AARS VRDO Set by Agent 2 325 10 15 2012 10 15 00 31 1 950 3 750 10 15 2012 16 20 24 yf To cancel a submission select the submission you would like to cancel from the Submission Management screen Type 99999AA85 VRDO Set by Agent 2 325 10 15 2012 10 15 00 31 1 950 3750 10 15 2012 16 20 24 99999AA36 VRDO Set by Formula 2 329 10 15 2012 11 15 00 30 1 951 3 750 10 15 2012 16 02 00 g The details of the submission display If at this point you would like to modify the submission select the Modify button If you choose to not take any action select the Return button to go back to Submission Management screen If you wish to proceed with cancelling the submission select the Cancel button and a dialogue box appears to confirm this action Municipal Securities Rulemaking Board 22 Short term Obligation Rate Transparency SHORT System Submissions Manual VIEWING SUBMISSION CUSIP 999994436 RESET DATE 10 15 2012 Submission Details Rate Parod rT Dealers instrument Type YROO Min A Dealers MSABA Denomination Rate Type a win Rate Br interest Rate T Na M essage from webpage kr x Reset Dale Reset Time TET o This action vall cancel the transaction Are you sure VRDO Specific Notification Period ox 10 A 1 ieee UL Interest Rate Effective Date Aggregate Par Amount held as a Bank Bond Aggregale Par Amount held By lnvesiors
27. here is no maximum rate applicable Liquidity Facility For each liquidity facility applicable to the VRDO an indication of whether each is a standby bond purchase agreement P or letter or credit L Identity of the For each liquidity facility applicable to the VRDO the Liquidity Provider identity of the liquidity provider This value reflects information available to the VRDO Remarketing Agent as of the date and time of the interest rate reset Liquidity Facility The expiration date of each liquidity facility applicable to the Expiration Date VRDO Identity of Tender For each tender agent applicable to the VRDO the identity Agent of the tender agent This value reflects information available to the VRDO Remarketing Agent as of the date and time of the interest rate reset in Days Aggregate Par Par amount of the VRDO if any held by liquidity providers Amount Bank as a Bank Bond This value reflects information available Bond to the VRDO Remarketing Agent as of the date and time of the interest rate reset Municipal Securities Rulemaking Board 28 Aggregate Par Amount Investors and Remarketing Agent Short term Obligation Rate Transparency SHORT System Submissions Manual Par amount of the VRDO if any held by parties other than a liquidity provider which represents the aggregate par amounts held by the VRDO Remarketing Agent and by investors This value reflects information ava
28. ignation of Municipal Securities Rulemaking Board 7 Short term Obligation Rate Transparency SHORT System Submissions Manual any such agents through MSRB Gateway All actions taken by a Designated Agent on behalf of a dealer that has designated such agent shall be the responsibility of the dealer The MSRB reserves the right to restrict or terminate malicious illegal or abusive usage for such periods as may be necessary and appropriate to ensure continuous and efficient access to the EMMA website and to maintain the integrity of EMMA and its operational components Dealers are responsible for the accuracy and completeness of all information submitted to the SHORT System The MSRB is not responsible for the content of the information or documents submitted by dealers or their designated agents that is displayed on the EMMA website or distributed to subscribers of the SHORT System subscription service Timing of Submission Submitters are required to make submissions to the SHORT System within the timeframes set forth in MSRB Rule G 34 c and related MSRB procedures Method of Submission Data and documents may be submitted to the SHORT System through a secure password protected web based electronic interface or through a secure authenticated computer to computer data connection at the election of the submitter When making submissions using the web based interface related information is entered manually into an online form and docu
29. ilable to the VRDO Remarketing Agent as of the date and time of the interest rate reset Municipal Securities Rulemaking Board 29 Short term Obligation Rate Transparency SHORT System Submissions Manual PART 3 SHORT Document Submission EMMA Dataport enables users to manually submit documents associated with ARS and VRDO facilities to the SHORT System Navigate to the EMMA Dataport either through the MSRB homepage or through the EMMA website as described in Part 2 Submit a New Document From the EMMA Dataport Submission Portal select the SHORT Document tab Select the company from the drop down menu as shown below For a new submission click Create next to the type of security for which you are making submission Auction Rate Security or Variable Rate Demand Obligation EMMA Dataport Submission Portal MIKE DOE email mdoe dealenyzcom a Select Company Dealer XYZ A7243 Search Submissions by CUSIP 9 Auction Rate Security CREATE UPDATE T TERET Variable Rate Demand Obligation CREATE UPDATE SHORT Document Submission Status The submission process includes several steps involving the entry of data and uploading of documents A submission does not occur until you publish the document at the end Until the submission has been published status of the submission will state Not Published You are currently acting on behalf of Dealer XYZ Back Instrument Type Auction Rate Security 1 Submitters see
30. ion screen appears Click the Yes button to successfully log out or the No button to continue your session Are you sure you want to log out NOTE Any unpublished submission will be exited without saving Municipal Securities Rulemaking Board 46
31. king to use a computer to computer method for document submissions should refer to the Specifications for the SHORT System Document Submission Service found on www msrb org Municipal Securities Rulemaking Board 30 Short term Obligation Rate Transparency SHORT System Submissions Manual Submit an Auction Rate Security Document Select Create to initiate a new submission of an ARS document A7243 63 Select Company BEE Eee Auction Rate Security UPDATE f Variable Rate Demand Obligation CREATE UPDATE Enter the CUSIPs that are associated with the document then click Upload The CUSIPs appear in the Assigned Securities list displaying a count of the number of securities associated in the heading at the top of the column EMMA Dataport SHORT Document Submission E areca as Ss tly act Submission Status Not Published You are currently acting on behalf of Dealer XYZ oo Instrument Type Auction Rate Security Associate Securities to Submission INSTRUCTIONS Enter CUSPP 95 for securities 9999998434 Assigned Securities spaying lt securis 99999BA18 99999BA26 To remove a particular security from the Assigned Securities list highlight the CUSIP number s and click Unassign CUSIPs and the CUSIP s will be removed from the Assigned Securities list Click Next to continue your submission Municipal Securities Rulemaking Board 31 Short term Obligation Rate Transparency SHORT S
32. lers or VRDO Remarketing Agents are required to report interest rates and descriptive information as well as submit documents associated with municipal ARS and VRDOs to the SHORT System under MSRB Rule G 34 c This manual is intended to assist submitters in using the MSRB SHORT System Web User Interface for manual submission of data elements and documents Municipal Securities Rulemaking Board 5 Short term Obligation Rate Transparency SHORT System Submissions Manual PART 1 Overview of the SHORT System Submission to the SHORT System Submitters to the SHORT System must use the manual or computer to computer submission process based on the type of submission being made data elements and documents System Manual input using MSRB SHORT System Web User Interest rate and web interface Interface descriptive information Data Computer to computer SHORT System XML Interface Manual input using MSRB web interface ean Documents SHORT System Document m r to com r issi i Computer to compute Submission Service This manual provides instructions for manually submitting data and documents to the SHORT System using MSRB web interfaces SHORT System Web User Interface and EMMA Dataport Specifications for the SHORT System can be found here SHORT System Specifications for Data Submissions SHORT System Specifications for Document Submissions Background Since January 30 2009 for ARS and April 1 2009 for VRDOs MSRB Rul
33. ment Screen Upon successfully logging into the SHORT Web UI the Submission Management screen appears This screen displays the 50 most recent submissions to the SHORT System Additional submissions can be viewed by selecting the Next button on the lower right side of the Submission Management screen The Next button is not displayed if there are fewer than 10 submissions in the SHORT system m MSRB Last Refreshed on Oct 10 2012 7 06 38 PM Logged in as JDOES SHORT HOME SUBMISSION MANAGEMENT Viewing 1 10 of 35 submissions matching your search criteria CUSIP Reset Date from Firm Submissions Refresh CEATA ea eee ee eee ee 99999AA85 ARS set by Auction 5 325 05 01 2012 11 18 59 7 3 950 5 750 05 03 2012 11 20 05 ig 999994436 ARS Set by Auction 5 325 07 4 2011 10 37 01 T 3 950 5 750 07 15 2011 19 54 15 FA 999994152 ARS Max Rate 0 400 05 25 2011 12 45 00 7 0 400 05 27 2011 06 37 43 P 99999460 i Max Rate 0 400 05 25 2011 12 45 00 0 400 05 27 2011 06 37 43 g 93999AJ78 Rs Max Rate 0 400 05 25 2011 12 45 00 0 400 05 27 2011 06 37 43 8 99999A 86 Max Rate 1 692 05 25 2011 13 06 00 1 692 05 27 2011 06 37 43 FA 99999494 Max Rate 3 192 0525 2011 13 06 00 3 192 05 27 2011 06 37 43 8 99999AM90 Max Rate 0 400 06 25 2011 12 45 00 0 400 06 26 2011 13 12 14 p 99999AM82 Max Rate 0 400 05 25 2011 12 45 00 i 0 400 05 26 2011 1312 14 2 A A A A A A A 0 g 0 99999AM74 Max Rate 0 400 05 25 2011 12 45 00 0 400 05 26 2011 13 12 14 7
34. ments are required to be uploaded as portable document format PDF files Computer to computer submissions utilize XML files for data and PDF files for documents Designated Electronic Format for Documents All documents submitted to the SHORT System are required to be in PDF files configured to permit documents to be saved viewed printed and retransmitted by electronic means If the submitted file is a reproduction of the original document the submitted file must maintain the graphical and textual integrity of the original document Documents submitted to the SHORT system created on or after the effective date of the MSRB Rule G 34 c change are required to be word searchable without regard to diagrams images and other non textual elements Data and Document Processing The SHORT System performs various data checks to ensure that data and documents are submitted in the correct format In addition data checks are performed to monitor dealer compliance with MSRB Rule G 34 c as well as to identify information that may contain errors due to information not falling within reasonable ranges of expected values All submissions generate an acknowledgement or error message and all dealers that have information or documents submitted on their behalf by either an ARS Auction Agent or a Designated Agent are able to monitor such submissions Municipal Securities Rulemaking Board 8 Short term Obligation Rate Transparency SHORT System Submissions Ma
35. mitted or cancelled VIEWING SUBMISSION HISTORY CUSIP 99999AA36 RESET DATE 10 15 2012 Viewing 1 2 of 2 matching submission s 99999AA36 VRDO Set by Formula 2 325 10 15 2012 11 15 00 30 1 951 3 750 A 99999AA36 VRDO Set by Formula 2 320 10 15 2012 11 15 00 30 1 951 3 730 Municipal Securities Rulemaking Board 24 Short term Obligation Rate Transparency SHORT System Submissions Manual Status Icons and Error Codes Status icons appear to the left of each submission on Submission Management Screen Satisfactory Icons The following icons are displayed for submissions that are successfully processed and did not receive an error code preventing the submissions from being disseminated Instruct An initial data submission Modification A modification of an existing submission Q Cancel A submission that has been cancelled Error Code Alerts The following icons display for submissions that receive error codes If more than one error code has been applied to a submission the icon reflecting the most egregious error displays A This icon displays when an error code is applied to a submission but the error code does not prevent a submission from being disseminated For example a submission that receives a Late error code will have this icon displayed This icon displays when an error code is applied to a submission that prevents the submission from being disseminated For example if the submission
36. mitted to EMMA For both ARS and VRDO submissions the SHORT System allows a submitter to search for documents previously submitted for a particular CUSIP number This allows for example a new VRDO Remarketing Agent to add a Letter of Credit extension letter to Letter of Credit Agreement documents submitted by a prior VRDO Remarketing Agent Using this feature some or all of the documents already submitted may be selected by a dealer and additional documents can be added to create a new submission Select the link to Look up Similar Documents on EMMA EMMA Dataport SHORT Document Submission Ge BEAR l Submission Status Not Published You are currently acting on behalf of Dealer XYZ aTi ee de at Instrument Type Variable Rate Demand Obligation SHO RT DOCUMENTS UPLOAD DOCU MENT Manage Documents amp Files Options Only PDFs accepted amp PDFs must be word searchable except for transition period document submissions k it iransibon penod document Please select one of the following options Document Received Date 10 19 20 14 Letter of Credit Browse Stand by Bond Purchase Agreement Any other document that establishes an obligation to provide liquidity Uioload Multinle gt Look up Similar Documents on EMMA Select the applicable documents from the list by clicking on the check box Enter the receive date and click Add Documents This document will be attached as an additional file for your selected d
37. n 4000 Dealers Remove Selected Type Denomination Rate Type Set by Formula Min Rate interest Max Rate Rate Reset 10 15 2012 Date Reset hvad mmaa Time VRDO specific Identity of Tender Notification Period Agent Interest Rate Effective Date MSRBLLC Remove Tender Agent Aggregate Par Amount held as a Bank Bond Aggregate Par Amount held by Investors and Remarketing Agent Liquidity Facility Standby Bond Purchase Agreement Identity of Liquidity Provider Add Liquidity Facility Expiration Date Remove Selected Standby Bond Purchase AgreementMSRB BANK expires 10 15 2013 Field required Legacy Field Required Return f Municipal Securities Rulemaking Board 20 Short term Obligation Rate Transparency SHORT System Submissions Manual The Submission Management screen displays with the newly added submission If no errors are found in the submission the instruct icon appears to the left of the submission The status of processing the submission displays at the top of the Submission Management screen SUBMISSION MANAGEMENT Viewing 1 6 of 6 submissions matching your search criteria 5107 1 Transaction s Induded TM55 Reset Date is greater than last reset date plus reset penod Please ensure thal you did not miss sending SHORT a Reset 5001 Submited ransachon s Suctesstully Processed CUSIP Reset Date irom to My Submissions Refresh eceiv
38. n Service Submissions to the EMMA Dataport and SHORT System Document Submission Service may be made seven days a week subject to the right of the MSRB to make such processes unavailable between the hours of 3 00 a m and 6 00 a m Eastern Time each day for required maintenance upgrades or other purposes or at other times as needed to ensure the integrity of MSRB systems System Availability The MSRB shall provide advance notice of any planned periods of unavailability and shall endeavor to provide information to submitters as to the status of the SHORT System Web User Interface during unanticipated periods of unavailability to the extent technically feasible Visit the MSRB Systems Status page to view the latest status for all MSRB systems Municipal Securities Rulemaking Board 9 Short term Obligation Rate Transparency SHORT System Submissions Manual SHORT System Registration Submissions to the SHORT System may be made solely by authorized submitters using password protected accounts in MSRB Gateway Submitters of information to the SHORT system are required to obtain an account in MSRB Gateway in order to access the SHORT system Through MSRB Gateway submitters also have the ability to designate third party agents to submit information to the SHORT System on the submitter s behalf Submissions to the SHORT System may be made by the following classes of submitters e ARS Program Dealer e VRDO Remarketing Agent e ARS Auction Agen
39. ns and their designated agents Access EMMA Dataport provide the Municipal Securities Rulemaking Board MSRB with electronic to Submit Documents Submissions by Dealers documents to be posted on EMMA EMMA Dataport is the utility through which Sibmissions by Knders submissions of documents and related information are made to MSRB Market Transparency Programs For information about how to make specific submissions Submissions by Obligated Persons please click on the applicable link below MSRB Subscription Services Login to MSRB Gateway MSRE Spates Suus Don t have an account Register Submissions by Dealers Submissions by Issuers ie Access Online Training about Submitting to EMMA Submissions by Obligated Persons MSRB Gateway Manual EMMA Tools for State and Local Governments HT EMMA Trade Monitor A Getting to Know EMMA x e MSRE Education Center Municipal Securities Rulemaking Board 13 Short term Obligation Rate Transparency SHORT System Submissions Manual Fromm the MSRB Gateway landing page enter your User ID and Password and click Login Log into MSRB Gateway Welcome to MSRB Gateway the secure access point for all MSRB applications including EMMA Gateway wy To return to MSRB org from within the MSRB Gateway application click on the MSRB Home link at the top right corner of the page Click here for guidance on user account management and information about the MSRB s User ID
40. nual Information and Document Dissemination Information and documents submitted to the SHORT System that pass the format and data checks described above are processed and disseminated on a real time basis Any changes to submissions are processed upon receipt and corresponding updated information and documents are disseminated in real time Information submitted to the SHORT System is in general disseminated to the EMMA Short term Obligation Rate Transparency Service within 15 minutes of acceptance although during peak traffic periods dissemination may occur within one hour of acceptance SHORT System data and documents along with related indexing information will be made available to the public through the EMMA website for the life of the related securities Information about how to obtain a subscription to the Short term Obligation Rate Transparency Subscription Service as well as specifications can be found on www msrb org System Hours SHORT Web User Interface and Short term Obligation Rate Transparency System XML Interface The SHORT System Web User Interface and Short term Obligation Rate Transparency System XML Interface are available from the hours of 6 00 A M to 9 00 P M Eastern Time on business days as defined in Rule G 14 RTRS Procedures subject to the right of the MSRB to make such processes unavailable at times as needed to ensure the integrity of the SHORT system EMMA Dataport and SHORT System Document Submissio
41. ocument submissions Browse gt Look up Similar Documents on EMMA Municipal Securities Rulemaking Board 37 Short term Obligation Rate Transparency SHORT System Submissions Manual After you have successfully uploaded the VRDO document the document name and the date the document was received appear on the screen To view the document you submitted click View next to the document name ED instrument Type Variable Rate Demand Obligation SHORT DOCUMENTS Manage Documents amp Files Options Letter of Credit in Varabie Aate Demand Obfigation Document pdf posted DALDI View A To proceed click the Preview button then click the Publish button to complete the submission To preview and publish your uploaded information review the steps outlined in the section Preview and Publish Uploaded Document Submissions Back Preview ES instrument Type Variable Rate Demand Obligation SHORT DOCUMENTS Manage Documents amp Files Options Letter of Credit i Variable Rate Demand Obligation Document pdf posted DANI View Submission Status Not Published You are currently acting on behalf of m oon Instrument Type Vanable Rate Demand Obligation VIEW DOCUMENTS Letter of Credit H Variable Rate Demand Obligation Document pdf posted OV31201S Veow Municipal Securities Rulemaking Board 38 Short term Obligation Rate Transparency SHORT System Submissions Manual Reference a Document Already Sub
42. ocument type EMMA Dataport SHORT Document Submission P e he Ee 3 Submission Status Not Published You are currently acting on behalf of Instrument Type Auction Rate Security UPLOAD DOCUMENTS via Look up Similar Documents on EMMA Listed below are documents submitted to EMMA Dalaport associated wilh one or more ofthe CUSIPs you have identified You may select document s for your submission Select Document Posted Date Recene Date Auction Procedure 1 6 MB view 04 03 2011 Municipal Securities Rulemaking Board 39 Short term Obligation Rate Transparency SHORT System Submissions Manual After you successfully upload the document the document name and the date the document was received appear on the screen To view the document you uploaded click the View button next to the file name As previously described you must Publish your document submission in order to complete the submission process Manage Uploaded Documents A document and file guide is provided on the document screen to assist in maintaining your documents and files Submission Status Not Published Instrument Type Variable Rate Demand Obligation SHORT DOCUMENTS Manage ment Files Options i ih EMMA a Document reflects the attributes of a submission amp 9 document type amp descriphon and 4 Fie PDF is the attachment e g Official Statement Documents of fles may be managed on the document tree using the Options menu To acces
43. of Delete The Add File option is an alternative to Upload Multiple Files View Information and Edit Information refer to viewing and editing the file description and the date received field To confirm that the correct document was uploaded click View next to the file posting date to view the uploaded document Municipal Securities Rulemaking Board 41 Short term Obligation Rate Transparency SHORT System Submissions Manual Preview and Publish Uploaded Document Submissions Once you have uploaded your document you can preview all of the information for accuracy and completeness before final submission to EMMA No information is editable on the Preview screen If you need to edit the information found on the screen click the Back button to return to your submission Eanan Instrument Type Variable Rate Demand Obligation VIEW DOCUMENTS Letter of Credit H Variable Rate Demand Obligation Document pal pored 10192012 Retired on 10182013 The following issuers are associated with this SHORT Document Submission The following securities have been published with this SHORT Document Submission CUSIP 5 State IssuerName Deplayng 1 CUSIP isih 9999BA18 Once all information is correct and the review is satisfactory click the Publish button The following screen appears Are you sure you want to publish YES Publish NO Edit Submission Municipal Securities Rulemaking Board 42 Short term Obligation Rate Transparency SHOR
44. ough the EMMA website From the MSRB homepage at www msrb org click Login MSRB EDUCATION CENTER Protecting the Public Interest for 40 Years The MSRB marks its 40th anniversary as the municipal secuntes market regulator amp Resources for Investors State and Local Governments Municipal Securities Dealers Municipal Advisors MARKET TRANSPARENCY 100 pass Erasmu poms OY Weary I Aerea What s New MSRB Increases Development Fee for Professional Qualification Exams Tuesday March 17 2015 MSRB to Participate in Sunshine Week Thursday March 12 2015 MSRB Names Lawrence Sandor Chief Compliance Officer Thursday March 5 2015 MSRB s EMMA Website to Provide Access to Moody s Public Finance Ratings Monday March 2 2015 MSRB Creates Professional Qualification Standards for Municipal Advisors Monday March 2 2015 MARKET LEADERSHIP NEWS AND EVENTS RESOURCES FOR EMMA lecironec Muniggpal Markot Atoga visit the EMMA Website AAN Login gt W to MSRB systems Don t have an account Register here View All News Rule Proposals See MSRB requests for comment and read comments recerved MSRB Glossary View a glossary of municipal secunties terms Municipal Securities Rulemaking Board 11 Short term Obligation Rate Transparency SHORT System Submissions Manual From the EMMA homepage at hitp emma msrb org click the EMMA Dataport link at th
45. receives an error code noting that the CUSIP check digit is erroneous this icon displays Submissions receiving this icon have not been successfully submitted and further action is required To view the error code s that have been applied to a submission select the submission from the Submission Management screen and the error code s appear at the bottom left hand side of the screen displaying details of the submission A complete list of all possible error codes can be found in the SHORT System Specifications for Data Submissions Modify D Retum fy Municipal Securities Rulemaking Board 25 Short term Obligation Rate Transparency SHORT System Submissions Manual Data Element Fields and Descriptions Auction Rate Securities CUSIP CUSIP Number for the ARS AR E Indication of whether a submission is an ARS or VRDO Indicator Dealer MSRB MSRB Registration Number of the ARS Program Dealer Number Each ARS Program Dealer must be identified and an ARS Auction Agent may include the identities of any ARS Program Dealer without prior designation by an ARS Program Dealer ARS Program Dealers would only be allowed to report their own identity on an ARS submission unless another ARS Program Dealer has designated the submitting ARS Program Dealer to submit information to the SHORT System POES Date that the ARS auction occurred Rate Reset Time of Interest Time that the ARS auction occurred All reported times are Rate Reset
46. s the Options menu single chck the document or fie Hold the mouse cursor over the Options menu to Csplay a ist of possible actions mcding the folowing DOCUMENT OPTIONS Edit information Document Type Document Description Add File Upload File dialog box Add Document Upload Document dialog box Replace Document Upload amp Archive old document Archive Document FILE PDF OPTIONS Edi information Date Received from issuer File Description Replace Fie Upload amp Archive old file Archive File Options are available to view or edit information about an uploaded document to add a document to add a file to a multi file document and to replace or delete a document or file Municipal Securities Rulemaking Board 40 Short term Obligation Rate Transparency SHORT System Submissions Manual Click on the document type or the file name to reveal an Options link Hover over the Options link to display Edit Information Add File Delete Document Replace File and Delete File EMMA Dataport SHORT Document Submission es id S Not Published instrument Type Variable Rate Demand Obligation SHORT DOCUMENTS Manage Documents amp Files Options Letter of Credit D Variable Rate Demand Obligation Document pdf posted 1019720 12 Received on 10 19 2012 Optio p 2 Edit Information Replace File Delete File lf the document has already been published Archive appears in place
47. t and e Designated Agent which may submit any information otherwise permitted to be submitted by another class of submitter which has designated such agent Information about how to obtain a user account and agent designation to the SHORT System can be found in the Gateway User Manual for Dealers and Municipal Advisors SHORT Interest Rate Data and Descriptive Information Submission The SHORT System Web User Interface is designed to permit users of the SHORT System to make manual submissions of interest rate data and descriptive information to the SHORT system The SHORT System Web User Interface allows all submitters as well as any party for whom information has been submitted on its behalf to view submissions submission status icons and possible error codes Submitters seeking to use a computer to computer method for interest rate data and descriptive information submissions should refer to the Specifications for the SHORT System Data Submission Services Municipal Securities Rulemaking Board 10 Short term Obligation Rate Transparency SHORT System Submissions Manual Part 2 SHORT System Data Elements Submissions Log into the SHORT System Web User Interface To log in to make submissions to the SHORT System Web User Interface you need an account in MSRB Gateway a secure access point for all MSRB applications Logging into the SHORT System Web User Interface SHORT Web UI can be done through either the MSRB homepage or thr
48. the Browse button to locate the document on your computer then click the Upload button UPLOAD DOCUMENT Only PDFs accepted 5 PDFs must be word searchable except for transition period document submissions Document Received Date Upload C Upload Multiple Files gt Look up Similar Documents on EMMA To upload more than one document click Upload Multiple Files and repeat these steps UPLOAD DOCUMENT Only PDFs accepted 5 PDFs must be word searchable except for transition period document submissions Document Received Date Browse gt Look up Similar Documents on EMMA After you have successfully uploaded the ARS document the document name and the date the document was received appear on the screen Municipal Securities Rulemaking Board 33 Short term Obligation Rate Transparency SHORT System Submissions Manual Instrument Type Auction Rate Security SHORT DOCUMENTS Manage Documents amp Files Options Auction Procedure i E Auction Rate Securities Document pdf posted 10 15 2012 Received on 10182012 View You are currently acting on behalf ot MSRB4 os oo To proceed click the Preview button then click the Publish button to complete the Submission SS ES tee ey ai ana instrument Type Auction Rate Security The folowing issuers art associated with this SHORT Document Submission gt CUSIP 6 State Issuer Name Soo596 You are curently acing on behall of VIEW
49. ystem Submissions Manual You are currently acting on behalf of Dealer XYZ Instrument Type Auction Rate Security Associate Secunties to Submission INSTRUCTIONS Enter CUSP 95 for securties Assigned Securities 999998434 Displaying 2 sec 999996418 99999BA26 To upload an ARS document click the Document that defines current auction procedures and interest rate setting mechanisms option Next enter a date in the Document Received Date field EMMA Dataport SHORT Document Submission You are currently acting on behalf of Dealer XYZ Instrument Type Auction Rate Security SHORT DOCUMENTS UPLOAD DOCUMENT Manage Documents amp Files Options Only PDFs pocepted 4 POFS musi be word searchable except for iransiion period document submissions You must select the option below to continue Document Received Date q Upload To indicate that you are submitting a document that was in effect prior to May 16 2011 check the box for transition period documents You will not be required to enter a date in the Document Received Date field SHORT DOCUMENTS Manage Documents amp Files Options Municipal Securities Rulemaking Board 32 Short term Obligation Rate Transparency SHORT System Submissions Manual Transition period documents are not required to be word searchable PDF files However any new or amended versions of documents produced after May 16 2011 will be required to be in word searchable PDF format Click
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