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DTCC Document Posing New Rules

BULLISH by u/shr0om666 | Mar 07, 2021 | 2426↑ 585 comments | 33 views | VIEW ON REDDIT
$GME
$GME GAMESTOP CORPORATION CONSUMER CYCLICAL EQUITY SIMULATION
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AI SUMMARY โ€” DTCC document (SR-NSCC-2021-801) proposes new rules requiring daily margin payments instead of end-of-option settlement, with implementation within 10 days. Poster argues this allows DTCC to calculate and force daily liquidation fees, positioning them to force member liquidations (particularly short sellers like Citadel) during market stress. Key risk: interpretations of regulatory documents by retail investors may be speculative or incomplete.
TICKERGME USERu/shr0om666
RATING BULLISH ENTRY $33.09
POSITION 302 sh SYN BOOK VAL $9992.42
CURRENT $19.89 P&L % -39.89%
CURR VAL $6006.78 P&L $ -3985.64

This is in no way advice and written with my favorite red crayon in my nose. Long time lurker and holder of gme.

Credit goes to u/LongTermTendieLoser & u/aquadisaster for posting elsewhere, this find. My smooth brain doesnt understand all of it but apparently the dtcc is going to require daily payment instead of at the end of an option as well as implement it within 10 days of submitting. Can we get someone with a wrinkle to elaborate further? https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf

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\\The new rule changes basically means the dtcc can now calculate this 'fat loss fee' everyday and even during the day and force a payment. So pretty much the dtcc is covering their ass and are going to liquidate the member themselves when shit hits the fan ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ aka the dtcc will fucking crucify shitadel the day this pops.\\u/neversell69

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(Note that as the poster of this I have only taken a few choice comments and links from those credited to get this circulated on this sub as well, all credit goes to them, I'm simply the first dumb ape to work out how to copy paste with my pixel crayons.)

\couple edits to clarify\

https://preview.redd.it/vnss18z6akl61.png?width=586&format=png&auto=webp&s=9c7447a5e89abd130eb5871693881c70f64b7843