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Yeah if they were worried about settlement risk they could just not release funds/shares until they settle. But that’s probably harder to implement than a blank
by kasey_junk 6y ago
Yeah if they were worried about settlement risk they could just not release funds/shares until they settle. But that’s probably harder to implement than a blanket ban and they have nothing to gain by catering to the meme shares crowd.
- JumpCrisscross 6y ago> if they were worried about settlement risk they could just not release funds/shares until they settle This doesn’t solve the problem of clearing collateral. That said, HSBC is a money centre bank. It isn’t worried about clearing collateral. The policy is almost certainly a filter. If you’re trading MicroStrategy, you’re probably not a fit for their banking and wealth management services.
- kasey_junk 6y agoNot to get too far in the weeds (as I agree with your point) but why wouldn’t holding the funds/shares until settlement cover the clearing? Especially given they control the order routing and risk systems involved?