The Automated Recall Management System (ARMS) allows electronic communication of recall notices from lenders to borrowers. The activation of this process may vary by user. The following outlines the steps required to begin using ARMS:
A. Participants using a vendor to access ARMS (SunGard or EquiLend)
I. Contact your vendor to request access to the vendor’s ARMS system. Your vendor may require an ARMS authorization form to be completed and returned. See contact information below.
II. Complete and send the DTCC ARMS authorization form to DTCC and copy your vendor to allow vendor connectivity to the DTCC Hub on your behalf. (This form allows the electronic delivery of recalls notices across all the different vendor recall platforms). See attached document.
III. Confirm connectivity between your vendor and the DTCC Hub.
IV. Set your vendors’ ARMS parameters to receive electronic recalls from your specified participants.
V. Begin sending and receiving electronic recalls.
B. Participants not using a vendor system (SunGard or EquiLend)
I. DTCC allows direct communication to the DTCC Hub in order to send and receive recall notices electronically. This process is completely dependent upon your firm linking to the DTCC Hub directly. The communication to the hub would be according to DTCCs’ specifications (see attached documentation)
II. Other vendors may provide services limited to the ARMS system. These services may provide a link to the DTCC Hub as well as additional functionality. Additional information may be obtained from your vendor of choice.
The following 2 documents are specific to DTCC. For more information contact Margaret Koontz at DTCC (212) 855-5695.
The following documents are specific to SunGard's Loanet service. For more information contact SunGard Customer Service at 603-898-5980
For EquiLend information please contact:
Melissa A. Gow
EquiLend Holdings, LLC P.
212-901-2225
Email: Melissa.gow@equilend.com
EquiLend’s Recall service supports both U.S. (ARMS) and non-U.S. fixed income and equities securities. Recall and buy-in notifications can be initiated and tracked in EquiLend through a browser or by utilizing MQ messaging. Utilizing the DTCC ARMS hub, EquiLend clients can send and receive recalls from any other ARMS participant, whether or not an EquiLend participant. By utilizing a unique EquiLend ID, the possibility of recalling an incorrect security is greatly reduced.
