DTC-2021-005 - Modify the DTC Settlement Service Guide and the Form of DTC Pledgee’s Agreement
https://www.dtcc.com/legal/sec-rule-filings.aspx - on the top of the list for now.
Interesting. I don't claim to understand everything I read but this is looking to be interest. Googling and putting reddit in my keyword searches suggest:
https://www.reddit.com/r/GME/comments/m ... pril_2021/
You can't borrow the same banana more than once.
You can't use collateral to do other bets ( rehypothecation )
You can't use banana contracts to close banana debts.
https://www.reddit.com/r/GME/comments/m ... s_are_not/
How DTC-2021-005 is a GAME CHANGER
Well, it's almost too real to be true, but on Thursday, after the market closed, DTCC submitted a rule filing to be reviewed by the SEC. Here is a high-level summary of the 3 main points first, but I will expand mostly on the last one.
Securities can't be "borrowed" more than once
Some securities won't be able to be used as collateral
Short/naked options selling or buying won't be possible: HF will need to have the shares when buying puts or selling calls.
Interesting. I don't claim to understand everything I read but this is looking to be interest. Googling and putting reddit in my keyword searches suggest:
https://www.reddit.com/r/GME/comments/m ... pril_2021/
You can't borrow the same banana more than once.
You can't use collateral to do other bets ( rehypothecation )
You can't use banana contracts to close banana debts.
https://www.reddit.com/r/GME/comments/m ... s_are_not/
How DTC-2021-005 is a GAME CHANGER
Well, it's almost too real to be true, but on Thursday, after the market closed, DTCC submitted a rule filing to be reviewed by the SEC. Here is a high-level summary of the 3 main points first, but I will expand mostly on the last one.
Securities can't be "borrowed" more than once
Some securities won't be able to be used as collateral
Short/naked options selling or buying won't be possible: HF will need to have the shares when buying puts or selling calls.