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Re: wEaReLeGiOn post# 55845

Tuesday, 11/01/2011 9:23:03 AM

Tuesday, November 01, 2011 9:23:03 AM

Post# of 111745
DTC applies certain transaction restrictions in the normal course of processing. For instance, DTC chills physical deposits and WTs for Book-Entry Only (BEO) securities. DTC may need to temporarily chill physical WTs if notified by the transfer agent that it is temporarily out of blank certificates. If DTC learns that the issuer no longer has a designated transfer agent (i.e., the security is non-transferable), DTC will chill WT transactions. At times, non-transferable issues may have certain deposit restrictions as well; only participants subscribing to DTC?s “non-transferable” programs may avail themselves of these services if an issue is designated non-transferable.
During certain

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