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Post# of 5955
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ISLD_trader

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ISLD_trader

Re: today32 post# 5907

Friday, 09/09/2011 9:39:20 PM

Friday, September 09, 2011 9:39:20 PM

Post# of 5955
Hi today32,

NSCC assesses illiquid charges against pink sheet and bulletin board stocks irrespective of the price. The charge is a reflection of the outstanding sales in relation to 25% of the 20 day average daily volume. These charges can occur any time the unsettled sale/ delivery volume exceeds 25% of the 15 day ADV. Stocks priced below $0.01 are marked to 1¢.

((Quantity x .01) – Trade value) x (number of days until settlement/365) x 10%

((100000 x .01)- 20) x (3/365) x 10%



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