Posted January 6, 2016
Federal Reserve Announces “Readiness to Expand National Settlement Service Operating Hours”
On Dec. 17, 2015, The Federal Reserve posted a letter announcing that its banks are “now prepared to accept requests from current settlement agents to open the National Settlement Service (NSS) settlement window as early as 9:00 p.m. ET the prior calendar day for the next business day.” Currently, the NSS settlement window opens for each business day at 7:30 a.m. ET. The NSS settlement window closing time will continue to be at 5:30 p.m. ET.