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Tuesday, 04/20/2021 2:53:38 PM

Tuesday, April 20, 2021 2:53:38 PM

Post# of 141102
SR-DTC-2021-004, The DTCC and J.P Morgan. They're getting ready for defaults and bankruptcies, they've just opened THREE additional netting accounts.
DD


I know what you're thinking. What the hell is a netting account and why does this matter?

Well.

Netting is a method of reducing risks in financial contracts by combining or aggregating multiple financial obligations to arrive at a net obligation amount. Netting is used to reduce settlement, credit, and other financial risks between two or more parties.



As I will explain, netting has various purposes depending upon its' use. In trading it's described as offsetting losses in one position with gains in another.

Well it also has other purposes.

Netting is also used when a company files for bankruptcy, whereby the parties tend to net the balances owed to each other. This is also called a set-off clause or set-off law. In other words, a company doing business with a defaulting company may offset any money they owe the defaulting company with money that’s owed them. The remainder represents the total amount owed by them or to them, which can be used in bankruptcy proceedings.

Simple Summary: Some Hedge Funds are about to go down and the holders of AMC and other stocks will be new millionaires
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