a quick explainer of where WMB receiver recoveries would show up today (FDIC ? trustee ? DTC)?
If the FDIC Receiver ever makes another WaMu (WMB) receivership dividend, it flows Receiver ? Indenture Trustee/Paying Agent ? DTC/Cede & Co. ? Your broker ? You. You won’t get it from “WMI escrows.”
The flow, step-by-step
1. FDIC Receiver
* Declares a receivership dividend for allowed claims (per depositor-preference waterfall).
* Initiates payment to the Indenture Trustee/Paying Agent for each affected WMB note program.
2. Indenture Trustee / Paying Agent (e.g., Wells Fargo/Computershare, U.S. Bank, BNY Mellon—depends on the specific WMB notes)
* Receives the aggregate amount.
* Applies indenture mechanics (fees, pro-rata allocation).
* Issues a payment notice to the clearing systems and posts a corporate-action event.
3. Clearing system(s)
* DTC (for USD CUSIPs) via Cede & Co. as nominee.
* Euroclear/Clearstream (for Eurobonds/ISINs).
* Cash is credited to DTC Participant accounts (your broker/custodian).
4. Your broker/custodian
* Allocates the cash to beneficial holders of record as of the record date.
* Posts the credit on your account statement under that CUSIP/ISIN, typically tagged as a corporate action / receivership dividend.
How you would actually “see” it
* A corporate action notice from your broker (and sometimes a trustee notice copy).
* A cash credit line item under the specific WMB note CUSIP/ISIN you hold.
* No involvement of WMI equity escrow CUSIPs—those were placeholders and are not part of FDIC receivership payouts.
How to monitor/confirm ahead of time
* Trustee notices: Some trustees post on their investor portals; otherwise, brokers relay them.
* DTCC Important Notices: Brokers see these; you can ask your broker’s corporate-actions desk to check.
* FDIC WaMu receivership page: Shows status expectations; if a final dividend is planned, FDIC typically posts an update before termination.
Bottom line: Any new WMB receiver recovery would hit through the note’s trustee and DTC to your broker—not via WMILT/WMI escrow markers.
Share your exact CUSIP/ISIN and I’ll map the likely trustee/paying agent and the path it would take.
AI
