On May 1st, the SEC provided notice of The Depository Trust Company's filing of a proposed rule change to DTC's post-payable adjustment practices. Historically, DTC has accommodated issuers and/or their agents ("Paying Agents") by facilitating the collection and the reallocation of certain misapplied, misdirected, or miscalculated principal and income payments. Under current practices, DTC will process requests for these types of post-payable adjustments up to one year after the initial payment is made. Under the proposal, effective November 1, 2012, DTC will no longer accommodate Paying Agent requests to process these types of post-payable adjustments beyond 60 calendar days after the initial payment date. This change in practice will allocate assignment of accountability appropriately and will mitigate the risk associated with the reallocation of such principal and income payments. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of May 7. SEC Release No. 34-66894.