Instead of playing semantic games you should try discussing the actual state of affairs and not hide behind obfuscation.
The people that are the beneficiaries of the DTCC settlement services are the ones who used the term 'global lock' to describe the "NSCC's exiting positions form the Continuous Net Settlement System. Not me.
If you are more of an expert than them then please provide your CV to the board. LOL
Furthermore, whether the decisions made by brokers to refuse to trade RCCH shares or in other cases to even 'accept' transfers of shares from other brokerages is due to the term 'global lock' or due to the term 'global chill' or due to the term 'locked chill' or any other variant, is by and large irrelevant. The important point is that these brokerages have stopped trading shares due to the DTCC's action in regards to refusing to settle RCCH shares 'GLOBALLY".
Brokers are refusing to trade shares, they are refusing to accept share transfers, it is because of the DTCC action to suspend settlement services. It is a BAD THING for investors. Trying to divert attention from that FACT by arguing over the terms is disingenuous.
So I ask again, "Do you understand what the DTCC is?"
Furthermore, do you understand the effect it is having on the ability to trade RCCH shares?
Last but not least, "Do you understand that the process is evolving rapidly as more brokers refuse to trade?"
