Pledgees should be aware that pledge returns of valued pledges from OCC control accounts will not be permitted systemically. Requests for pledge returns to OCC control accounts should be directed to DTC’s Settlement Department. However, pledgees will be permitted to process pledge returns using the normal pledge return process once the securities are swung from the OCC control account to the Participant after DTC releases its risk management controls at approximately 5:00 p.m. eastern time.
Option Exercise & Assignment Loan Program Pledge Returns
- Category: Option Exercise and Assignment Loan Program