Cloud Centric, Inc.(fka CLDR)

[H8ster]

Some that need to know what a DTC lock is:

When an issue is designated as global
lock at DTCC it is not eligible for
delivery, transfer or withdrawal. There
is a variety of reasons for global lock
designation but the incidents of greatest
impact and hardest cases to resolve
involve allegations of fraud at an
issuer or agent or some other type of
irregularity that makes the validity of
deposited certificates suspect. While
these restrictions on position movement
are understandable given the underlying
problems with the issuer, a set of
other problems spring forth that the
committee addressed to DTCC. A
meeting was coordinated with appropriate
DTCC subject matter experts to
discuss issues and determine solutions.