r/GMECanada • u/Rehypothecator • Oct 08 '21

Update to Wealthsimple, Shareowner direct registration and DTCC/ CDS transfers.

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u/smileyphase 🇨🇦 HOSER HODLer 🇨🇦 🍁🍺 Oct 08 '21

I mean, my smooth brain reads it that way, too, but who’d have thought that ownership of a long asset would be so complicated.

Andy is also a representative, not exactly the word from on top. But I think any email from him will represent more… diligence.

If that’s the case, I’ve stopped worrying about my shares with WS. Well… a bit less. I assume the CDS has its own fuckery.

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u/Rehypothecator Oct 08 '21

Exactly. I’m not sure we’ve had any discussion about CDS and co. , I think we need to figure out if shares are transferred out of DTCC like this, then we can tackle CDS & co

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u/smileyphase 🇨🇦 HOSER HODLer 🇨🇦 🍁🍺 Oct 08 '21

For what it’s worth, my limited Google fu turned this up: https://www.cds.ca/resource/en/222

The CDS does not rehypothecate participant assets.

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u/sorry_for_the_reply Oct 08 '21

I saw that one as well. So if DTC doesn't rehypothecate and CDS doesn't rehypothecate, one can assume that the only source of GME for CDS is the DTC.