The Real DTCC Discussion

[BigBake1]

You obviously do not know the difference between a CHILL and a Global Lock. A chill doesn't restrict trading of existing shares, the only exception to that is those brokers who use Apex Clearing, they will not accept opening positions. The only major broker that uses Apex Clearing is TDA, which will allow sales of chilled securities just not the buying.

If a Global Lock is issued then and only then are trading restriction placed by all brokers. You cannot buy or sell any stock in a Globally Locked security. Those are the ones with a suspension of all services with exception to Custody Services.

A chill only prevents an issuer from using DTC Deposit services for NEWLY ISSUED free trading shares. That however doesn't stop an issuer from using one of 3 brokers that will accept NON DTC Eligible securities for deposit with the right paperwork.

So yes chilled securities can in fact trade 3 billion share days as a chill has no effect on existing shares and does not stop deposit at 3 brokers who will accept the certificates of newly issued free trading shares.

I am assuming you are speaking about GARB, it has only a CHILL on it currently.