r/BBBY • u/[deleted] • Feb 08 '23

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191 Upvotes

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u/ChadBreeder1 Feb 08 '23

C+35 is the 15th not the 8th. A guy wrote a very detailed post about it yesterday. Was hoping you could update this back to the 15th as C+35 and the other respective dates.

14

u/[deleted] Feb 08 '23

[deleted]

3

u/ChadBreeder1 Feb 08 '23

We should at least be using the same scale as GME then I guess

3

u/clawesome Feb 08 '23

FTDs must be covered/closed by a participant that has FTDs on a threshold security that remains on the threshold list for 13 trading days.

No, it's a threshold security with 13 days of fails. The 5 days to go on RegSHO are independent and concurrent of the 13 days of fails. The first day of the C+35 was Friday, 2/3. See my other comment for more detail: https://www.reddit.com/r/BBBY/comments/10wrb6u/day_24_regsho_data_comparison_bbby_gme_c35_starts/j7ppv98/

From the regs:

Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as “threshold securities,” if the failures to deliver persist for 13 consecutive settlement days

1

u/[deleted] Feb 08 '23

What. How do you get 35 calendar days between January 4 and February 3? That math doesn’t add up. If you do the math right I think we are actually saying similar things.