AMC Entertainment Holdings Inc (AMC)

[Thai5533]

For all those who don’t read the DTCC texts.

Yes the 801 passed, but THIS IS NOT THE RIGHT 801. What passes is the OCC-2021-801 we are waiting for the NSCC-2021-801. A short summary


OCC 801 is a skin in the game rule change. Basically the OCC can pass on costs of a member default to the other members.


DTC 801 allows for daily and intra day risk assessments, collection of Secondary Liquidity Deposits (SLD), and forced closing of positions of the member can’t pay the SLD.


We need the NSCC-2021-801 to pass and comments are due by the 9th to the SEC before they make a ruling. Once SEC approves then the DTCC will “implement the rule change no later than 10 business days after Commission approval”