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Re: newflow post# 676280

Sunday, 01/23/2022 10:59:29 PM

Sunday, January 23, 2022 10:59:29 PM

Post# of 726858
You are welcome LG.That word "MINISTERIAL ACTIONS" connected the last dot from LT to DTCC,IMO.And one more interesting thing is about escrow CUSIPs.

"Some mandatory corporate actions result in the creation of an escrow CUSIP with position for each participant
based on the position as of a certain date in anticipation of future payments. For these CUSIPs,
DTC will also
perform the actions noted above.
Some mandatory corporate action events allow participants to input an instruction that identifies and/or certifies
the beneficial owner’s right to a specific entitlement based on the terms of the event (e.g., tax withholding
based on residency or a mandatory event with a cash out option for positions held that are less than a certain
amount). These events will be set up similar to a Voluntary Reorganization Announcement (as noted in the
Voluntary Processing section).

So Escrow CUSIPS were a ministerial corporate action and it was "MANDATORY".LT has no control over ESCROW CUSIPS, except performing a MINISTERIAL ACTION, without their own judgement.Executing certain agreements(like R&A LTA) and GSA items.Probably COOP II,IMO.
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