Coming August 11, 2025: Modified Automated Claim Adjustment Process (ACAP) Phase 2 implementation

What is happening?

Following collaboration with the industry, a modified Phase 2 of the Fedwire^® Securities Service ACAP enhancement project is now set for implementation on August 11, 2025.

What is changing?

Phase 2 will include the following enhancements to existing ACAP functionality:

Securities lending tracking for all Fedwire-eligible coupon-paying securities and mortgage-backed securities (MBS)
Fails tracking for all Fedwire-eligible coupon-paying securities

What is no longer changing?

At this time, repo tracking eligibility will not expand beyond MBS. This is a change from previous announcements and is a result of the Securities Exchange Commission’s new mandatory U.S. Treasury central clearing rule (Off-site). As such, there will be no change to repo tracking eligibility with the implementation of Phase 2.

When can our institution test?

Customers will be able to test these enhancements in the Depository Institution Testing (DIT) environment April 2-July 31, 2025.

Questions?

More information about the ACAP enhancement project, previous communications, timeline and testing can be found at the ACAP Resources and Implementation Center.