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Re: noquit post# 60526

Saturday, 10/01/2011 12:43:28 AM

Saturday, October 01, 2011 12:43:28 AM

Post# of 98509
"Who made the T 4 T settlement......"

Through DTCC's clearing agency subsidiary, National Securities Clearing Corporation (NSCC) aggregates only those broker-to-broker "trade-for-trade" transactions that are executed between the same trading parties and in the same security. In addition, only transactions that NSCC designates to settle on a trade-for-trade basis are eligible for aggregation. NSCC typically designates these broker-to-broker transactions to settle trade-for-trade if they involve securities that have been chilled or globally locked for operational, risk management, or regulatory or compliance reasons.

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