CAIS Compliance Glossary

Firm CAIS Compliance Error Rate*

The CAIS Compliance Error Rate is defined as the Compliance Error Count divided by the Processed Record Count, converted to a percentage value.

Firm CAIS Compliance Error Count

This statistic is defined as the count of FDID Late Repairs + FDID Outstanding Records + Customer Late Repairs + Customer Outstanding Records. 

Processed Record Count

This statistic indicates the number of FDID and Customer Records that were submitted to CAIS via any submission method.

Days Exceeding 5% CAIS Compliance Rate

This statistic indicates the number of days in the month in which the CAT Reporter’s CAIS Error Rate exceeded the maximum compliance error rate (currently set to 5%).

Tier

This field is a placeholder and will be NULL until implemented in a future release.

Peer Group Compliance Error Rate

Peer Group Compliance Error Rate is defined as the CAIS Compliance Error Records Count, divided by the Processed Records Count, for all CAT Reporters in each tier. This value will be the same for all CAT Reporters in a particular Peer Group for the month. This field is a placeholder and will be NULL until implemented in a future release.

Industry CAIS Compliance Error Rate

Industry Compliance Error Rate is defined as the CAIS Compliance Error Record Count, divided by the Processed Record Count for all Industry Members that reported during the month.

FDID Compliance Error Rate

This statistic indicates the FDID Compliance Error Count divided by Processed FDID Records, converted to a percentage.

FDID Compliance Error Count

This statistic indicates the count of Late Repaired FDID Records + Outstanding FDID Records.

FDID Records Processed

For each Reporter, this statistic indicates the number of FDID Records that were submitted to CAIS via any submission. An FDID Record submitted in multiple submissions over the course of the month would be counted each time it is submitted. Each processed record is attributed to the date of processing.

FDID Records Accepted

For each Reporter, this statistic indicates the number of FDID submission records that were accepted into CAIS with no data validation errors on each date. Each accepted record is attributed to the date of processing.

FDID Records Rejected

For each Reporter, this statistic indicates the number of FDID submission records that were rejected on each date by the CAIS validation engine due to the FDID submission having at least one data validation error. Each rejected record is attributed to the date of processing.

FDID Records Repaired

For each Reporter, this statistic indicates the number of rejected FDID submission records that were repaired.

FDID Record Repaired Rate

The Repaired Records Rate is defined as the Repaired Records Count divided by the FDID Records Rejected Count, converted to a percentage value.

FDID Late Repaired Record Count

This statistic indicates the number of outstanding rejected FDIDs which were repaired after T+3 at 5:00 p.m. ET. Any late attempt to repair a record (i.e. resubmission of an FDID currently having an error) will count as a late repair for report card purposes. Each repair must be attributed to the date of rejection, not the date on which the repair itself was processed.

FDID Late Repaired Record Rate

The Late Repaired Records Rate is defined as the Late Repaired Records Count divided by the Repaired Records Count, converted to a percentage value.

FDID Outstanding Record Count

This statistic indicates the number of rejected FDID submission records for which no repairs were attempted. Outstanding Records = rejected records count - repaired records count

FDID Outstanding Record Rate

This statistic indicates the count of Outstanding FDID Records Count divided by the FDID Rejected Records Count, converted to a percentage value.

Customer Submission Details

Customer Compliance Error Rate

This statistic indicates the Customer Compliance Records Error Count divided by Processed Customer Records, converted to a percentage value.

Customer Compliance Error Count

This statistic indicates the count of Late Repaired Customer Records + Outstanding Customer Records.

Customer Records Processed

For each Reporter, this statistic indicates the number of FDID Records submitted to CAIS via any submission method on each date. A Customer Record submitted in multiple submissions over the course of the month would be counted each time it is submitted. Each processed record is attributed to the date of processing.

Customer Records Accepted

For each Reporter, this statistic indicates the number of Customer Record submission records that were accepted into CAIS with no data validation errors on each date. Each accepted record is attributed to the date of processing.

Customer Records Rejected

For each Reporter, this statistic indicates the number of Rejected submission records that were rejected on each date by the CAIS validation engine due to the Customer submission having at least one data validation error. Each rejected record is attributed to the date of processing.

Customer Records Repaired

For each Reporter, this statistic indicates the number of rejected Customer submission records that were repaired.

Customer Record Repaired Rate

The Repaired Records Rate is defined as the Repaired Records Count divided by the Customer Records Rejected Count, converted to a percentage value.

Customer Late Repaired Record Count

This statistic indicates the number of outstanding rejected Customer submissions which were repaired after T+3 at 5:00 p.m. ET. Any late attempt to repair a record (i.e. resubmission of a Customer currently having an error) will count as a late repair for report card purposes. Each repair must be attributed to the date of rejection, not the date on which the repair itself was processed.

Customer Late Repaired Record Rate

The Late Repaired Records Percentage is defined as the Late Repaired Records Count divided by the Repaired Records Count, converted to a percentage value.

Customer Outstanding Record Count

This statistic indicates the number of rejected Customer submission records remaining to repair on the date the report was generated. The Outstanding Errors Count is defined as the Rejected Records Count, minus the Repaired Records Count.

Customer Outstanding Record Rate

This statistic indicates the count of Outstanding Customer Records Count divided by the FDID Rejected Records Count, converted to a percentage value.

Material Inconsistencies

Material Inconsistencies Error Rate

The Material Inconsistencies Error Rate is defined as the Material Inconsistencies Error Record Count, divided by the Total Material Inconsistencies Record Count, converted into a percentage value.

Material Inconsistencies Error Count

This statistic is defined as the count of Total Outstanding Intrafirm Inconsistencies + Total Intrafirm Late Resolved Inconsistencies +Total Outstanding Interfirm Inconsistencies + Total Interfirm Late Resolved Inconsistencies.

Total Material Inconsistencies Count

This statistic indicates the count of Intrafirm Inconsistencies + Interfirm Inconsistencies.

Intrafirm

Intrafirm Count

This statistic indicates the total number of Intrafirm Inconsistencies.

Intrafirm Resolved Count

This statistic indicates the total number of Intrafirm errors that were resolved.

Intrafirm Resolved Rate

This statistic indicates the count of Resolved Intrafirm Inconsistencies divided by the Intrafirm Record Count, converted into a percentage value.

Intrafirm Late Resolved

This statistic indicates the number of Intra firm errors that were repaired after T+3 at 5:00 p.m. ET.

Intrafirm Late Resolved Rate

The Intrafirm Late Resolved Rate is defined as the Intrafirm Late Resolved Count divided by the Intrafirm Resolved Count converted into a percentage value.

Intrafirm Outstanding Record Count

This statistic indicates the number of Intrafirm Inconsistencies records for which no repairs were attempted.

Total Outstanding Rate

The Total Outstanding Rate is defined as the Outstanding Records Count divided by the Interfirm Record Count, converted into a percentage value.

Interfirm

Interfirm Count

This statistic indicates the total number of Interfirm Inconsistencies.

Interfirm Resolved Count

This statistic indicates the total number of Interfirm errors that were resolved.

Interfirm Resolved Rate

This statistic indicates the count of Resolved Interfirm Inconsistencies divided by the Interfirm Record Count, converted into a percentage value

Interfirm Late Resolved Count

This statistic indicates the number of outstanding Inter firm errors which were resolved after T+3 at5:00 p.m. ET.

Interfirm Late Resolved Rate

The Interfirm Late Resolved Rate is defined as the Interfirm Late Resolved Count divided by the Interfirm Resolved Count, converted into a percentage.

Interfirm Outstanding Count

This statistic indicates the number of Interfirm Inconsistencies records for which no repairs were attempted.

Outstanding Rate

The Outstanding Rate is defined as the Outstanding Records Count divided by the Interfirm Count, converted into a percentage value.

CAIS Compliance Error Rate

FDID Late Repairs + FDID Outstanding Records + Customer Late Repairs + Customer Outstanding Records / FDID Records Processed + Customer Records Processed

Reporter CRD

CRD number assigned to each Reporter in the file.

Record Type

FDID, Customer

FDID Aggregated Statistics

FDID Records Processed

For each Reporter, this statistic indicates the number of FDID Records that were submitted to CAIS via any submission method on each date. An FDID Record submitted in multiple submissions over the course of the month would be counted each time it is submitted. Each processed record is attributed to the date of processing.

FDID Records Accepted

For each Reporter, this statistic indicates the number of FDID submission records that were accepted into CAIS with no data validation errors on each date. Each accepted record is attributed to the date of processing.

FDID Records Rejected

For each Reporter, this statistic indicates the number of FDID submission records that were rejected on each date by the CAIS validation engine due to the FDID submission having at least one data validation error. Each rejected record is attributed to the date of processing.

FDID Timely Repairs

This statistic indicates the number of outstanding rejected FDIDs that were repaired prior to T+3 at 5:00 p.m. ET.

FDID Late Repairs

This statistic indicates the number of outstanding rejected FDIDs that were repaired after T+3 at 5:00 p.m. ET. Any late attempt to repair a record (i.e. resubmission of an FDID currently having an error) will count as a late repair for report card purposes. Each repair is attributed to the date of rejection, not the date on which the repair itself was processed.

FDID Outstanding Records

This statistic indicates the number of rejected FDID submission records for which no repairs were attempted. Outstanding Records = rejected records count - repaired records count

FDID Error Rate

FDID Error Rate = (FDID Outstanding Records + FDID Late Repairs / FDID Records Processed), converted to a percentage value.

Customer Aggregated Statistics

Customer Records Processed

For each Reporter, this statistic indicates the numberof Customer submission records that were submitted to CAIS via any submission method on each date. A Customer record submitted in multiple submissions over the course of the month would be counted each time it is submitted. Each processed record is attributed to the date of processing.

Customer Records Accepted

For each Reporter, this statistic indicates the number of Customer submission records that were accepted into CAIS with no data validation errors on each date. Each accepted record is attributed to the date of processing.

Customer Records Rejected

For each Reporter, this statistic indicates the number of Customer submission records that were rejected on each date by the CAIS validation engine due to the Customer submission having at least one data validation error. Each rejected record is attributed to the date of processing.

Customer Timely Repairs

This statistic indicates the number of outstanding rejected Customer submissions that were repaired prior to T+3 at 5:00 p.m. ET.

Customer Late Repairs

This statistic indicates the number of outstanding rejected Customer submissions that were repaired after T+3 at 5:00 p.m. ET. Any late attempt to repair a record (i.e. resubmission of a Customer Record currently having an error) will count as a late repair for report card purposes. Each repair is attributed to the date of rejection, not the date on which the repair itself was processed.

Customer Outstanding Records

This statistic indicates the number of rejected Customer submission records for which no repairs were attempted. Outstanding Records = rejected records count – repaired records count

Customer Error Rate

Customer Error Rate = (Customer Outstanding Records + Customer Late Repairs / Customer Records Processed), converted to a percentage value.

Inconsistencies Statistics*

Error Identification Date

Date inconsistency was identified.

Submitter ID

Assigned identifier for the firm that submitted data to CAIS.

Reporter CRD

CRD number assigned to each Reporter in the file.

Correspondent CRD

CRD number of a correspondent firm.

Intrafirm Total Record Count

This statistic indicates the total number of Intrafirm Inconsistencies.

Intrafirm Timely Resolved Count

This statistic indicates the number of outstanding Intra firm errors that were resolved prior to T+3 at 5:00 p.m. ET.

Intrafirm Late Resolved Record Count

This statistic indicates the number of outstanding Intra firm errors that were resolved after T+3 at 5:00 p.m. ET.

Intrafirm Outstanding Record Count

This statistic indicates the number of rejected Intrafirm records for which no repairs were attempted.

Interfirm Total Record Count

This statistic indicates the total number of Interfirm Inconsistencies.

Interfirm Timely Resolved Record Count

This statistic indicates the number of outstanding Inter firm errors that were resolved prior to T+3 at 5:00 p.m. ET.

Interfirm Late Resolved Record Count

This statistic indicates the number of outstanding Inter firm errors that were resolved after T+3 at 5:00 p.m. ET.

Interfirm Outstanding Record Count

This statistic indicates the number of rejected Interfirm records for which no repairs were attempted.