Replies to post #25410 on Gamestop Corporation (GME)

[DR_rugby]

So let’s say UBS is near default or has defaulted

https://www.theocc.com/getmedia/e8792e3c-8802-4f5d-bef2-ada408ed1d96/default-rules-and-procedures.pdf;

Rules are

day 1 defaulting member will be given a notice of default and have its open positions liquidated and hedged or held by liquidation member or split

Day 2 defaulting member liquidation agent will have its open positions liquidated and closed

If defaulting member is short all longs positions must be purchased

Monday defaulting member would be due to a margin call and the inability to transfer funds to cover the margin calls payment

Monday defaulting member would receive a default notice

Tuesday defaulting member would be liquidated

Boom boom candles

Ya know what is funny

Next week IS NSCC recaps week too

GLTA