The NFN system is comprised of two modules:
Registration Service
Used by issuers and administrators to request new NFN tickers and to report corporate actions (such as name changes, mergers / acquisitions and liquidations)
Valuation Service
Used by issuers and pricing agents to report valuation, dividend, and distribution data for live NFN instruments.
Reports and download files are available for all firms to access as long as the NFN system is open.
To access the NFN website, Nasdaq requires that users have a valid NFN user ID, password and security certificate.