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.