Tuesday, April 17, 2012 10:35:55 AM
I was told the DTC issued "Contra positions" to the brokerages. These are just like a place marker. Just a WAG, but I suspect that physical certificates won't be issued to the Clearing Firms until journal entries are tabulated, books are cleared, and shares to cover are directly bought from the company through the TA ... that is, if enough physical share certificates are not originally held in the CF's accounts to represent all shares of their clients. But since we all know there is no short, or NSS, this process will not be necessary.
lol
easy
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