AMC Entertainment Holdings Inc (AMC)

[Thai5533]

New rule NSCC-2021-005 has been signed today <-- THIS IS NOT THE SAME AS DTC 005.
Discussion
"Apes. A CRUCIAL regulatory ruling has been just signed by the DTC, and will be implemented no later than 20 business days. That means May 24th is the latest day this could be passed if we are starting the count tomorrow 4/27."

"The DTCC is basically covering their own butts with this ruling, but the good news is that this means the squozazzle is imminent."

Source_1: https://www.reddit.com/r/Superstonk/comments/mz9gl6/nscc2021005_has_been_signed_today_implementation/
Source_2: https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-005.pdf



Just to remind NSCC 005 and DTC 005 are two different rules, NSCC 005 is good too, but its not as good as DTC 005.



Interpretation rule (DTC 005) is:"When a share is lent it gets marked as on loan and the person who borrowed it can’t lend it out again (submitted for approval on 4/1) "

Which is crazy... and would totally stop that hedgie madness once for all, they removed that more than 2 weeks ago from DTCC website to "fix the formatting" still not there, apes not forgetting.



Interpretation of new rule (NSCC 005) is:" This increases minimum fund deposit requirement for each member from $10,000 to $250,000 IN CASH. This is to mitigate the risks NSCC (DTCC) is exposed to when members get liquidated because of defaulting (margin call). In other words, NSCC is requiring EVERY member to throw $250,000 in cash to cover for member defaults. LOL "

Which is good because there are at least 3440 members in NSCC directory which means:3440 * $250,000.00 = $860,000,000.00 additional $ to coverage their asses, this just means that they are preparing for this.



EDIT 1: