issuer

DTC Settlement Alert! Money Market Instrument (MMI) Issuer Failure (AGAIN) – HSBC BANK USA NA (MMB6). Is HSBC having problems?

by Dismal-Jellyfish Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/6/Issuer-Failure-MMB6.pdf From Friday: https://www.reddit.com/r/Superstonk/comments/10t1pag/dtc_settlement_money_market_instrument_mmi_issuer/ Didn’t Lehmans have a similar issue? Yes, edwinbarnesc shared that in 08 Lehman experienced a similar notice: https://www.reddit.com/r/Superstonk/comments/10uor3j/corporate_needs_you_to_identify_the_difference/

DTC Settlement Money Market Instrument (MMI) Issuer Failure. Is HSBC Bank having problems?

by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/2/3/Issuer-Failure-MMB6.pdf https://www.sifma.org/wp-content/uploads/2017/05/sifma-and-dtcc-white-paper-money-market-instruments-blue-sky-task-force-report.pdf Some recent headlines: HSBC 1/13/2023: Under pressure from his biggest shareholder, China’s Ping An Insurance Group, to improve profit, HSBC (HSBA.L) Chief Executive Noel Quinn has in recent months accelerated plans to shrink its global empire and streamline its …

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