Post by soonerlew on Dec 24, 2007 10:56:13 GMT -5
From pennypauly on millionaires.........
By: abadgoodgirl
23 Dec 2007, 07:55 PM EST
Msg. 636309 of 636331
(This msg. is a reply to 636307 by repeaterpete.)
Jump to msg. #
yeah Kevin. Why don't you find out the DTC's policies and procedure before you start telling stockholders not to listen to my posts.
You give b.s. updates filled with more re-runs than Seinfeld episodes...and I post facts straight from the DTC's own manuals.
Whose posts are more reliable?
We WANT OUR MONEY AND WE KNOW SOMEBODY HAS IT. PERIOD.
By: abadgoodgirl
23 Dec 2007, 07:46 PM EST
Msg. 636305 of 636331
Jump to msg. #
Hey Kevin West! You want to tell us again how money was not extracted when the cmkx stockholders requested delivery? Given the rampant debit balances in the accounts of the Participants... and given the DTC's procedure of paying for securites that aren't available on the market with their retained earnings, among other methods.. you still saying money was not extracted?
Because I am calling you a liar based upon procedure and Frizzells "trillions" in the transcript.
4. What procedures would be followed by the Securities Settlement System at the DTC in case the debit position cannot be rectified (e.g., failure by a participant with a debit balance in a securities account or unavailability of the securities in the market)
(a) application of loss-sharing provisions allocating the loss to participants?
(b) Absorption of loss by the DTC?
(c) Other? Please specify.
DTC's response:
The short position penalty would be available to cover the obligation of a failing Participant.
In the extremely unlikely event that the short position penalty and the failing Participant's deposit to the Participant's Fund are not sufficient to cover any loss suffered by DTC, DTC's retained earingings as well as the Participant's Fund (involving loss sharing by Participants on a pro rata basis) would be available for such loss.~~~end
By: abadgoodgirl
23 Dec 2007, 05:46 PM EST
Msg. 636284 of 636331
(This msg. is a reply to 636279 by abadgoodgirl.)
Jump to msg. #
Here is a remedy! Delivery versus Payment! No security = no transaction. PERIOD.
DVP coming to a Central Counterparty near you..... effective 12/31/07
Happy New Years! you (censored)!!!! by me
.http://millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1198423867
By: abadgoodgirl
23 Dec 2007, 07:55 PM EST
Msg. 636309 of 636331
(This msg. is a reply to 636307 by repeaterpete.)
Jump to msg. #
yeah Kevin. Why don't you find out the DTC's policies and procedure before you start telling stockholders not to listen to my posts.
You give b.s. updates filled with more re-runs than Seinfeld episodes...and I post facts straight from the DTC's own manuals.
Whose posts are more reliable?
We WANT OUR MONEY AND WE KNOW SOMEBODY HAS IT. PERIOD.
By: abadgoodgirl
23 Dec 2007, 07:46 PM EST
Msg. 636305 of 636331
Jump to msg. #
Hey Kevin West! You want to tell us again how money was not extracted when the cmkx stockholders requested delivery? Given the rampant debit balances in the accounts of the Participants... and given the DTC's procedure of paying for securites that aren't available on the market with their retained earnings, among other methods.. you still saying money was not extracted?
Because I am calling you a liar based upon procedure and Frizzells "trillions" in the transcript.
4. What procedures would be followed by the Securities Settlement System at the DTC in case the debit position cannot be rectified (e.g., failure by a participant with a debit balance in a securities account or unavailability of the securities in the market)
(a) application of loss-sharing provisions allocating the loss to participants?
(b) Absorption of loss by the DTC?
(c) Other? Please specify.
DTC's response:
The short position penalty would be available to cover the obligation of a failing Participant.
In the extremely unlikely event that the short position penalty and the failing Participant's deposit to the Participant's Fund are not sufficient to cover any loss suffered by DTC, DTC's retained earingings as well as the Participant's Fund (involving loss sharing by Participants on a pro rata basis) would be available for such loss.~~~end
By: abadgoodgirl
23 Dec 2007, 05:46 PM EST
Msg. 636284 of 636331
(This msg. is a reply to 636279 by abadgoodgirl.)
Jump to msg. #
Here is a remedy! Delivery versus Payment! No security = no transaction. PERIOD.
DVP coming to a Central Counterparty near you..... effective 12/31/07
Happy New Years! you (censored)!!!! by me
.http://millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1198423867