On August 6th, the SEC granted accelerated approval to The Depository Trust Company's proposed changes to its 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, DTC will no longer accommodate Paying Agent requests to process these types of post-payable adjustments beyond 180 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. SEC Release No. 34-67599.