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Re: BigBake1 post# 15437

Wednesday, 02/22/2012 3:32:34 PM

Wednesday, February 22, 2012 3:32:34 PM

Post# of 44235
DTCC has yet to put ATTD on GLOBAL LOCK, and of crucial importance: GLOBAL LOCK is a prerequisite for banishment to the DTCC CHILL LIST.

A mere exit from the CUSIP and entrance into trade-for-trade (very common among OTC and Pink Sheet stocks), however, may and usually DOES occur WITHOUT the DTCC having placed a GLOBAL LOCK on the subject stock. HENCE, WHERE THE DTCC HAS NOT PLACED A GLOBAL LOCK ON ATTD, ATTD IS NOT AND CANNOT BE ON THE DTCC CHILL LIST.

Thus, a stock on global lock will be on trade-for-trade; however, that does NOT conversely mean that the DTCC globally locks (and subsequently chills) all trade-for-trade stocks. The logical syllogism upon which you rely thus proves fallacious.


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