Wrong, That’s exactly what it means,sandra. Naked shorts would result in an FTD, accounting of credits and debits results in an aggregate balance that is reported in FTD reports. Simple process since it is a Federal Reserve function.
There are no loopholes concerning FTD reports, NONE, not a single instance of inaccurate FTD reporting, ever.
Don’t Be Fooled by Baseless Claims of Naked Shorts on CACH, an EM, DEFUNCT, DARK, SEC DELINQUENT STOCK.