InvestorsHub Logo
icon url

ThSeeker

10/31/11 7:33 AM

#102612 RE: Castell #102611

Yes If what Kramer posted is true. It said
CUSIP's to be exited from CNS and future trades designated trade for trade (updated through October 28, 2011)
...749318101 RCC Holdings Inc.…RCCH...



CNS Continuous Net Settlement
A clearing practice in which all buy and sell orders are settled within a brokerage firm. That is, all buy and sell orders are offset against each other on a particular trading day, such that only orders that are "left over" remain to be settled. This results in fewer securities needing to be moved into or out of a particular brokerage.
icon url

ThSeeker

10/31/11 10:57 AM

#102620 RE: Castell #102611

Sorry after further review I believe it means RCCH is still in CHILL mode. Trade for trade only. DTCC still not clearing trades for RCCH.