justlurkin12

4 ms·

1. 1.▲
   by justlurkin12 6y ago

   Actually if RH didn't wire over the funds, they would be dissolved due to illiquidity.
2. 2.▲
   by justlurkin12 6y ago

   T+0 implies same day not instant. I think you can enable all of those features with hours of delay instead of days.
3. 3.▲
   by justlurkin12 6y ago

   That's my question as well. I think it's because the customer capital has to be transferred to the counterparty that issued the sell. I imagine that it makes things complicated if the DTCC has to send over 1-10% of this amount and
4. 4.▲
   by justlurkin12 6y ago

   Real time securities wouldn't need brokerages to front collateral while the trades settle by the virtue of no settling period. They would only have to deal with customer capital used to buy the stock.
5. 5.▲
   by justlurkin12 6y ago

   dumb question, why is not practical? As for the root problems, those are not related to the issue from last week (not sure if you're aware, but margin had no factor in play with the DTCC requirements).