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etzetrade

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etzetrade

Re: fwh3334zeke post# 512966

Sunday, 03/11/2018 8:01:19 AM

Sunday, March 11, 2018 8:01:19 AM

Post# of 730627
If the money is from DTC directly, then DTC needs those cusip numbers to make distribution in accordance with 75/25 rules. DTC does not have the records of 75/25 split.

If the money is from LTs, then no need.

Also, it is very easy to calculate the distribution by DTC because DTC will figure out every dollar how to split from $1.00 to $100B.
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