Automated Claim Adjustment Process (ACAP) Enhancement Project Delayed until at least 2022

In October 2018, the Federal Reserve Banks announced the timing and details relating to the plan for expanding the Automated Claim Adjustment Process (ACAP) by including additional tracking capabilities and better aligning claim adjustments to when principal and interest (P&I) payments are made to Fedwire Securities Service participants.1 As the Federal Reserve Banks adjust to the rapidly-changing business environment and work to prioritize initiatives in the Fedwire portfolio, implementation of the ACAP enhancements has been postponed until at least 2022. The Federal Reserve Banks will evaluate the implementation calendar over time and will provide advance notice of at least one year of a new implementation date.

Questions regarding this communication should be directed to the Fedwire Securities Service contact at the East Rutherford Operations Center: (800) 390-2788.

Footnote

1See Enhancing Automated Claim Adjustment Process (ACAP) Currently Scheduled for October 2019 (Off-site).

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