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goarmy123

01/03/12 5:19 PM

#27304 RE: gramps76 #27302

Gramps read this! The bottom line is the catch here IMO! I included the link to the pdf as well! This is straight from the horses mouth!

Definition of a chill from the DTCC! This is located at the bottom almost! Happy reading everyone!

Chill
Trade activity suspended for activities shown on GWIZ, usually deposits, withdrawal-by-transfer (WT), or certificates on demand (COD). Issues are normally chilled at DTC:
• Before maturity-- 6 weeks for both corporate and municipal issues
• When issues do not have an active transfer agent.

http://www.dtcc.com/downloads/products/learning/Deposits.pdf