The Network Security Safekeeping Program (NSSP) is designed to provide dependable safekeeping that combines safety and soundness with operational ease. Virtually any security is eligible for NSSP. In addition, securities experts work with participants to provide complete support and service for the program.

Facts:

• Provides convenient and reliable settlement and safekeeping for corporate and credit union securities
• Settlement of transactions are through a delivery-versus-payment (DVP) basis, the required method of transaction by NCUA Regulation 703

Business Benefits:

• Stringent compliance with all regulatory sources
• Protection from inherent risks associated with the moving and safekeeping of securities
• Continuation of accrued interest and use of funds if security is not delivered by broker on settlement date
• Immediate commencement of earnings on funds
• Assistance with pledging securities as collateral for public-funds deposit or for treasury tax and loan accounts
• Access to timely market valuations and other information available online
• An easy-to-implement-and-use portal with seamless upgrades and enhancements
• Deferred expenses related to processing infrastructure and support