DOPLNENY EDIT NAKONCI:
SR-DTC-2021-005 FILLED
Effective Date
The proposed rule change would become effective upon filing.
A o čom toto pravido hovori?
NAKED SHORT IS DEAD.
Prakticky, borrowed security (share) dostane od DTC značku že už je požičané, a už nemôže byť opätovne cez DTC požičané (vygenerované ako ďalšie IOU - i owe you)
Ako to funguje teraz?
Subjekt A vlastni 1000 akci, pozicia subjektu B 1000 akci. Subjekt A ma 1000 IOU, subjekt B 1000 akcii.
Subjekt B shortne 1000 akcii, ktore kupi z trhu znova subjekt A.
Subjekt A teraz vlastni 1000 IOU + 1000 Shares, subjekt B má 0 shares -požičia si 1000 akcii na short od subjektu A.
Subjekt A má 2000 IOU, subjekt B predá ďalších 1000 shares na trhu. Subjekt A kúpi 1000 akcií z trhu.
toto sa zopakuje este 5x
Subjekt A ma 6000 IOU + 1000 Shares. Subjekt B dĺží 7000 akcií subjektu A.
Fyzicky sa v transakcií pohybovalo len 1000 shares.
Nová realita
Subjekt A vlastni 1000 akci, pozicia subjektu B 1000 akci na short, tieto akcie majú značku ako už požičané. Subjekt A ma 1000 IOU.
Subjekt B shortne 1000 akcii, ktore kupi z trhu subjekt A.
Subjekt A teraz vlastni 1000 IOU + 1000 označených shares, subjekt B chce znova pozicat 1000 akcii na short od subjektu A.
Subjektu A nie je umožnené opatovne požicanie. Subjekt B može isť shortovat akurat hajzelpapier*
str. 10-11-12
https://www.dtcc.com/-/media/Files/Down ... 21-005.pdf
Pursuant to the proposed rule change, DTC would revise the text of the Settlement Guide to reflect that Pledged Securities would not move to an Account of the Pledgee. As discussed above, the movement of the securities is not required to effect a Pledge and does not impact the rights of Pledgor or Pledgee under the Rules or the NYUCC. Rather Pledged Securities continue to be credited to the Pledgor’s account, however with a system notation showing the status of the position as Pledged by the Pledgor to the Pledgee. This status systemically prevents the Pledged position from being used to complete other transactions, which is consistent with the Pledgee’s Control over the Pledged Securities, as discussed above. Likewise, the release of a Pledged position results in the removal of the notation of the Pledge status of the position and the position would become available to the Pledgor to complete other transactions.
Nadhera, ze nebyt redditu tak sa neudeje ani hovno a dalej krachuju firmy na lusknutie prsta zrmdov, zrazu kolko regulacii. No som zvedavý na tieto 2 týždne..
A tych 70 strán komentárov su redditori pýtajúci sa nejakého prednostu DTCC kedy to bude zaradené
EDIT:
EDIT: čítam bod 5.. a WTF?
For the sake of clarity, and as more fully described above, this proposed rule change will not alter DTC’s current practices. Rather, it will merely clarify how securities Pledged through DTC are recorded in DTC’s system. More specifically, and as more fully described above, the Settlement Guide currently states that Securities Pledged through DTC are held in an account of the Pledgee. However, in practice, the Securities remain in the Pledgor’s account but are marked as Pledged. This is the existing practice today and will not change. Rather, the proposed change will clarify the text of the Settlement Guide to better reflect the current practice. The change will not affect the legal rights or obligations of the parties involved in the pledge. DTC will notify the Commission of any additional written comments received by DTC.
to akože 2 mesiace to zdržovali aby si ujasnili pojmy? <> No som zvedavy naco pride reddit do piatku, ci to pravidlo aj nieco meni okrem nazvov...
EDIT2: General practice transformovaný na RULE, takže teraz sú krytí a bud môcť zatlačiť/vymáhať pravidlo. Nie je mi jasné či to musí prejst SEC-om alebo už je v platnosti.
,,Amatérski investori investujúci pasívne do indexového fondu budú mať v dlhodobom horizonte lepšie výnosy ako profesionálni manažéri fondov,, Buffett 
Vzdelávanie a užitočné info zadarmo: 
Quadruple Witching Day 
