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Details Emerging in the U.S. Central Shutdown

Many U.S. Central services will have new requirements starting Jan. 12, while wires will be discontinued as of March 30 and automated settlement transactions will be discontinued as of May 31.

By Robert McGarvey | Updated on January 10, 2012

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:

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