The lock has been temporarily lifted until Friday so that brokers can settle any unsettled shares that were traded when the lock out first occurred.
As outlined below, DTC will offer Participants the opportunity to make the necessary updates and
deliveries to complete their failed transactions during a specified limited time period, as follows:
DTC will lift the global lock and the SEG chill on Friday night, August 12, 2011 until
approximately 5:00 PM Friday night August 19, 2011. DTC will maintain chills on other
services including deposits and withdrawals to prevent any unintended transactions from
occurring. This update will permit participants the ability to send in their memo seg
instructions and permit them to segregate or release positions in these securities for several days
in advance of the delivery time period outlined below,
The Eligible Securities (ELIS) files will systematically reflect the global lock and SEG chill
removals and are typically available to participants between 7:30 PM and 8:00 PM EST each day.
The Data Delivery Service (DWIZ) change files will also reflect the global lock and SEG chill removals and are typically available to participants between 9:00 PM and 10:00 PM EST each
day.
In addition, on the evening of August 17, 2011, DTC will also remove the DO chill on all CUSIPs identified below. This change will also be reflected in the ELIS and DWIZ files created on the night of August 17, 2011. This will allow all participants to submit deliver orders to DTC for processing on the next 2 business days, August 18 and August 19, 2011.
Obligation Warehouse (OW) users should include the OW control number on all DOs to ensure that the settlement status associated with these obligations is updated in the OW.
These CUSIPs will maintain this “unlocked” status until the night of August 19. This will permit participants to have two business days to process instructions against an ELIS and DWIZ files that contains the changes to the affected CUSIPs. DTC will continue to accept MSEG, SEG and Deliver Order and reclaim instructions for all CUSIPs identified below until the applicable valued cutoffs occur or approximately 5:00 PM on August 19, 2011.
Prior to the night cycle beginning on August 19, 2011, DTC will restore all CUSIPs to their
original status by reinstating the SEG and DO chills as well as the applicable global locks. Any future dated transactions or additional input after the status is reinstated, e.g., memo seg, Night Deliver Orders will reject.
AI
