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Stock Lenders... Brokers Customers... Means shares that the customers of the Brokers have (Scottrade, Etrade, etc...)Correct? And these customers have no idea their shares are being loaned of for shorting purposes... Do they?
Thanks for your response
The Mechanics of a Short Sale
http://www.interactivebrokers.com/en/p.php?f=shortableStocks
Scenario: Trader A decides he wants to sell a stock short in hopes of being able to repurchase it at a lower price in the future.
Locate shares for shorting.
To enact a short sale, Trader A must first confirm that he will be able to borrow the number of shares he plans to sell. Brokers keep a list of available inventory on what is called a Box List. Brokers populate the Box List through their own inventory and shares of others, including their customers who borrow on margin and agree to lend their shares, and other third-party brokers.
Execute a short sale trade.
After locating available shares, Trader A executes a short sale trade on trade date, or “T.” Most major equity markets have a three-day settlement period, which means that the exchange of shares for cash occurs three days following the trade date, or “T+3.” .
Shares are borrowed and the short sale transaction settles.
On the morning of T+3, Trader A's Securities Lending Department determines its actual delivery obligations for that day. They consult their Box List and use the shares to settle the short sale. As with the short sale availability process, in the case that their own Box List does not contain borrowable inventory, they consult and use shares from the Box List of other brokers.
It is important to understand that there may be times where a given stock appears to be borrowable on T, but in the intervening three days the availability changes such that on T+3 it is no longer borrowable. This creates a situation in which the short sale trade will "fail;" in other words the timely delivery obligation will not be met by the broker. In this case, a forced repurchase, or "buy-in" may be issued by the broker and the resulting buy trade will be charged to the Trader A’s account, thereby reducing or eliminating the short position.
Cash from the short sale is used as collateral on borrowed shares.
When the trade settles, the cash received from selling the shares is used as collateral on Trader A's borrowed shares. Trader A's Broker invests the cash collateral.
Interest is paid to or by the short seller( if applicable).
A portion of the interest from the invested collateral is used to pay administration fees and stock borrowing fees. Because of steep administration costs, remaining interest is generally only paid out to large balance short sellers. In certain hard to borrow cases, borrowing fees are so high (greater than the interest earned) that the short seller ends up paying additional interest for the privilege of borrowing a security. Customers may view the indicative short stock interest rates for a specific stock through the Short Stock (SLB) Availability tool located in the Tools section of their Account Management page.
Payments in Lieu of Dividends made by short seller (if required).
If the stock in the short sale pays dividends, the purchaser of the stock receives the dividend payments. However, the lender of the shares is also entitled to dividend payments since he did not sell the stock but is only lending it. Trader A is responsible to making these payments to the lender in the form Payment in Lieu of Dividends.
At some point in the future the need to maintain the borrow is reduced, either when Trader A decides to repurchase his short position, or if the shares are recalled by the lender. In the former case, the deal is closed. In the latter case, the broker will try to find another lender, the loan will be moved to the new trader or broker, and Trader A's short position will remain unaffected. In the case that no substitute loan can be arranged, the broker may notify Trader A that the loan has been recalled and that he must cover his position immediately. In many cases the broker will simply execute the forced repurchase, or buy-in, of the recalled shares.
Does that come in Brunette?
IM FREEEEEEEEEEE!!!!! Ah feels so good... Funny how some can run BSKS from the inside! Not speaking of myself of course... I'm just a slave holding the crown, for now...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69574869
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69569200
http://www.equities.com/blog/all-glory-fleeting-not-my-quadriga
All Glory Fleeting... Not on this board! Not on my Quadriga!
http://www.equitygroups.com/BSKS-discussion/BSKS--The-Health-Insurance-Portability-and-Accountability-Act-of-1996
The Health Insurance Portability and Accountability Act of 1996
The Administrative Simplification provisions of the Health Insurance Portability and Accountability Act of 1996 (HIPAA, Title II) require the Department of Health and Human Services (HHS) to adopt national standards for electronic health care transactions and national identifiers for providers, health plans, and employers. To date, the implementation of HIPAA standards has increased the use of electronic data interchange. Provisions under the Affordable Care Act of 2010 will further these increases and include requirements to adopt:
• operating rules for each of the HIPAA covered transactions
• a unique, standard Health Plan Identifier (HPID)
• a standard and operating rules for electronic funds transfer (EFT) and electronic remittance advice (RA) and claims attachments.
In addition, health plans will be required to certify their compliance. The Act provides for substantial penalties for failures to certify or comply with the new standards and operating rules.
For more information regarding HIPAA including additional provisions under the Patient Protections and Affordable Care Act (Affordable Care Act or ACA) of 2010, go to the "Related Links Outside CMS".
HIPPA Information
Smart Cards Represent an Excellent Solution for HIPAA Compliance and Support New Applications That Improve Medical Care
The presence of processing capability and memory in a smart card, along with the smart card’s ability to support multiple applications, make smart cards an efficient and flexible mechanism that can help organizations achieve HIPAA compliance while meeting the goals of patients and practitioners. Smart cards have a unique ability to make information access easier for users while at the same time enforcing the more robust security policies required of health care organizations to bring their environments into HIPAA compliance. Smart cards can represent an excellent solution to an organization’s multiple physical and electronic security requirements. Systems that use smart cards as the identity token and secure data carrier have unique benefits.
Smart cards can provide easier information access management, ensuring that users are following established security policies.
Smart cards are a familiar form factor that can be used for both physical access to facilities and logical access to information on personal computers and networks.
Smart cards can help enforce access control to health information, providing support for both user authentication and encryption of data on the card and during transmission.
Smart cards can store health information on the card, performing as secure portable data carriers that are under the control of the patient and the health care professional.
Smart cards, with on-card intelligence and processing capabilities and the ability to use standards-based cryptography, are uniquely capable of enabling compliance with strong privacy guidelines and of enforcing the privacy and security policies set by the health care organization
Smart cards provide a feature-rich platform for health care organizations to implement new applications that improve access to and convenience of medical care.
Health care organizations worldwide are implementing smart health cards. With the appropriate security architecture, smart cards can be a very valuable tool to providers, insurers, and patients alike. They can be an instrumental component of any system that is designed to ensure compliance with HIPAA regulations, as well as supporting new applications that deliver clinical and administrative benefits.
About This Report
This report was developed by the Smart Card Alliance to describe how smart cards can be used to meet HIPAA Security Rule and Privacy Rule requirements. Designed as an educational overview for decision makers, it summarizes the HIPAA privacy and security requirements, provides an overview on how smart cards work, describes how smart cards can be used to support HIPAA compliance and implement other health care applications, and outlines key implementation success factors. The report also includes profiles of smart health card implementations including the University of Pittsburgh Medical Center, Mississippi Baptist Health Systems, and the French, German and Taiwanese health cards.
This report provides answers to commonly asked questions about the use of smart cards as health care cards, such as:
What requirements do the HIPAA Security Rule and Privacy Rule impose on health care providers, insurers, and patients?
How do smart cards work?
How can smart cards help health care organizations fulfill the HIPAA requirements?
What capabilities do smart cards provide for clinical and administrative benefits that extend beyond HIPAA requirements?
What can we learn from organizations who are currently using smart cards as health care cards?
What considerations are important to the successful implementation of a system that uses smart cards as health care cards?
If you would like to join the task force, please contact info@smartcardalliance.org.
Great Source of Information regarding Smart Cards
Smart Card with Biometrics = BSKS
Bluesky System Holding, Inc. (OTC:BB:BSKS), is the exclusive worldwide licensee of next generation secure data cards by reason of a certain License Agreement with Supera Group, LLC. ("Supera"). In connection with that Agreement, BSKS licensed more than 30 issued patents for the manufacture and sale of readers/writers and high-capacity data storage in a credit card format for the use in healthcare, and patient management, medical, dental and pharmaceutical records and other health applications. Bluesky expects the licensed technology to be a game changer in that the delivery of this next generation platform brings secured transactions into the modern world of technology that is being demanded by users.
BSKS Shorts are done 
.... lol
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