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Post# of 346918
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overachiever

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overachiever

Re: A deleted message

Saturday, 09/18/2010 1:27:11 AM

Saturday, September 18, 2010 1:27:11 AM

Post# of 346918
Exclearing is simply the processing of trades while by-passing the DTC. It is the way all trades used to be cleared. It also allows a broker dealer to avoid putting up required very large additional deposits for the clearing of large amounts shares in low priced penny stocks. It means that physical certs have to be manually transferred as opposed to doing everything electronically through the DTC. The trades are reported to the tape the same way any other trades are reported

I do not provide links to my background. I have aptly described it here on IHUB many times.

Anyone from the business can recognize I am a former securities professional.

We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution

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