Details regarding additional closing dates associated with specific services provided by U.S. Central Bridge emerged today in a second memo, signed by U.S. Central Bridge CEO Francois Henriquez. The Henriquez document is much more detailed than the earlier memosigned by NCUA executive Scott Hunt.

The following was excerpted from the memo and shows the dramatic changes that will be implemented at U.S. Central Bridge:

Overnight Deposit Balances - In order to maintain efficient clearing of Automated Settlement transactions, effective Jan. 12, 2012, U.S. Central Bridge will require that, at all times, each corporate maintain on deposit in its overnight account at U.S. Central Bridge a ‘minimum settlement balance’ (MSB). U.S. Central Bridge staff will advise each corporate of its MSB at the beginning of every month; each corporate’s MSB will be based on that corporate’s peak aggregate settlement amount during the immediately preceding calendar month.