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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๐ฃ Discussion / Question
DTCC Update: J.P. Morgan Securities LLC [JSBA, JSGU, JSCG, JSCT & JSCW] - Intent to Retire to close its JSBA, JSGU, JSCG, JSCT & JSCW Clearing and EPN accounts effective June 24, 2021. Does this mean anything to anyone?
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Fox TV to Invest $100 million in Making NFTs for Shows. I wonder if Fox would be interested in the potential NFT marketplace our favorite stock could be working on?!?!?!? ๐๐๐๐๐๐๐๐๐
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Some fun with the charts in the U.S. MMFsโ repos with the Federal Reserve, and data showing treasuries could be used as collateral.
I started by looking here.
It is delayed data but is better than nothing!
I think it is safe to say the increased Failure's to Deliver in Treasuries is part of what is at least driving demand in the Reverse Repo market:
https://www.financialresearch.gov/short-term-funding-monitor/market-digests/
Does this underwriting notice at the DTC mean anything?
Source
The Issuers and Barclays Capital Inc. (the โInitial Purchaserโ) are putting Participants on notice that they are required to follow these purchase and transfer restrictions with regard to the above-referenced securities. In order to qualify for the exemption provided by Section 3(c)(7)
Understanding 3C7
3C7 is one
No more pump and dump to meet margin requirements? The Basel Committee on Banking Supervision is proposing a โnew conservative prudential treatmentโ for crypt0-assets that would force banks to put aside enough capital to cover 100% of potential losses
Source: https://www.reuters.com/business/bank-regulators-plan-conservative-capital-rule-bitcoin-2021-06-10/
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The latest SEC enforcement action leaves me feeling underwhelmed.
Source
What they are in trouble for:
-Issued a press release claiming they raised $1.7 million when in reality, $0 raised,
-$162,800 in illicit profits
-Nearly $20 million raised from more than 450 investors in a fraudulent securities offering
Actions taken:
-The defendants have agreed to settle