Tuesday Tuesday Tuesday

Dismal just posted this on Super stonk... "On April 30, 2024 DTC will implement changes to modify collateral value for certain securities, which may affect the value of positions applied to the Collateral Monitor.

The increase in the haircut for corporate bonds rated B1 to B3 from 50% to 70% significantly decreases the value of these bonds as collateral.

The assignment of a 100% haircut to ETFs and investment vehicles that include cryptocurrencies as an underlying asset renders these investments valueless for collateral purposes.

This reduction may lead to margin calls for participants using these instruments to secure short positions against GameStop."

OG file... https://www.dtcc.com/-/media/Files/pdf/2024/4/26/B20002-24.pdf

Dismal's writeup with charts... https://dismal-jellyfish.com/significant-changes-to-dtc-collateral-values-announced/