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BigBake1

02/22/12 3:34 PM

#15443 RE: Rustler #15439

AGAIN Incorrect, CUSIP being exited from CNS prevents deposits and Transfer Withdrawals those service are in fact suspended for ATTD which is in fact a CHILL. Straight from the DTCC regarding what a chill and global lock are:


Quote:
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From Notice #Z0025 sent out March 10, 2010

DTCC has experienced an increase in the number of customer queries regarding transaction restrictions, generally referred to as “chills” that DTC places on a relatively small number of eligible securities. Occasionally, DTC may need to “chill” certain transactions such as deposits, withdrawals-by-transfers (WTs), deliver orders (DOs) or restrict all these services (commonly referred to as a “global lock”) for operational, risk management or regulatory and compliance reasons. These restrictions may have an impact on Continuous Net Settlement (CNS) eligibility. DTCC recognizes that these actions may create additional operational processing among the member firms and between participants and their customers.

http://dtcc.com/downloads/legal/imp_notices/2010/dtcc/z0025.pdf