Is this a DTCC Friday holiday news dump while nobody is looking? Underwriting & Legal have issued discontinuation of Emergency Rider to the Letter of Securities Possession (โLOPโ)
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dismal-jellyfish
Friday News Dump! Reviewing the Membership Updates (a9016) posted by the DCCC for the NSCC -- with info about naked shorting by one of the firms called out today!
Evening r/Superstonk, jellyfish here taking a look at a9016 posted by the DCCC this afternoon.
The first pages look pretty benign, with firms performing what looks like housekeeping retiring and renaming accounts:
Looks pretty boring...
However, scrolling further into the document, there isn't just renaming going on,
Thoughts on the Fedโs balance sheet after todayโs record $755.800 Reverse Repo operations and what it means for inflation and the GME rocket.
Evening r/Superstonk, neighborhood Jellyfish here! Today, the Fed released its updated balance sheet for the week. (through June 16th)
https://www.federalreserve.gov/releases/h41/current/
Even as the Reverse Repo operations continue hoovering money OUT of the system at a record clip, the assets on the Fedโs
SEC Charges Investment Advisers With Cherry-Picking, Obtains Asset Freeze
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DTCC Question on Offered Notes due 2031 - Are they creating more debt to park all the cash in so that the books can balance?
Source: https://www.dtcc.com/-/media/Files/pdf/2021/6/17/15135-21.pdf
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$755.800 Billion in Reverse Repo operations @ 0.05% from 68 participants occurred today. Yesterday it was $520.942 Billion 0% from 53 participants.
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FYI - Official word that in order to minimize disruption, FICC - MBS, DTC, NSCC, and 2021 FICC - GOV operations will NOT be impacted either June 18, 2021 or June 21, 2021 this year by the Juneteenth National Independence Day Act.
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