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carrot_on_stick

Re: op9171787 post# 135701

Wednesday, 05/25/2011 8:59:43 PM

Wednesday, May 25, 2011 8:59:43 PM

Post# of 159752

Once six years have passed and the positions have been moved to DTC via its “position removal” or PREM function, the security is automatically placed on a list of issues that are eligible for destruction. This list is then distributed via an Important Notice to DTC participants, who have three months to review and determine if there is any reason for not destroying the listed certificates.



http://www.dtcc.com/news/newsletters/dtcc/2010/mar/saying_goodbye_certificates.php
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