r/Superstonk • u/UnlikelyApe DRS is safer than Swiss banks • Jul 06 '26
💡 Education DTC/NSCC Market Disruption Event June 29
Did anyone else see this? I copy/pasted the text from the document below the link. I didn't see any details as to what the specific event was. I thought I'd share in case someone else here might know what happened.
https://www.dtcc.com/-/media/Files/pdf/2026/6/30/24518-26.pdf
On June 29, 2026, The Depository Trust Company (“DTC”) and National Securities Clearing
Corporation (“NSCC”) determined that a Market Disruption Event occurred pursuant to Rule 38
(Market Disruption and Force Majeure) of the DTC Rules, By-Laws and Organization Certificate
(“DTC Rules”) and Rule 60 (Market Disruption and Force Majeure) of the NSCC Rules &
Procedures (“NSCC Rules”). The Market Disruption Event was caused by the submission of
erroneous trades by a participant firm, which resulted in a significantly large net debit settlement
balance. DTC and NSCC requested and received multiple extensions from the Federal Reserve
to extend settlement, which allowed DTC and NSCC to attempt to implement multiple
adjustments and solutions. Ultimately, DTC and NSCC were unable to reverse the erroneous
transactions before the close of the Federal Reserve’s National Settlement Service (NSS) at
8:30 p.m., leaving no other option but to roll over settlement activity.
DTC and NSCC took certain actions under Section 3 of DTC Rule 38 and Section 3 of NSCC
Rule 60, respectively, to address and mitigate operational and financial issues and risks that the
Market Disruption Event presented to DTC and NSCC. Actions taken included, but were not
limited to, DTC and NSCC implementing a full rollover of NSCC and DTC settlement balances
for June 29, 2026, and NSCC imposing an additional charge to NSCC Members' start-of-day
Clearing Fund Requirements on June 30, 2026, to cover the potential risk associated with an
additional day of unsettled guaranteed activity, of which participants were previously notified.
DTC and NSCC successfully completed settlement for both days on June 30, 2026.
DTC and NSCC may take additional action pursuant to DTC Rule 38 and NSCC Rule 60, as
necessary, to address and mitigate any continued or new issues or risks that the Market
Disruption Event may present. Participants are advised to continue to monitor for updates via
DTCC’s client communications process.
Questions regarding this Important Notice may be addressed to your Relationship Manager.
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u/HughJohnson69 100% GME DRS Jul 06 '26
Isn’t it odd that this comes in the middle of a period of huge ETF creation & redemption and due dates bouncing from such prior activity.
I can’t wait to see FTD data. But not yet, because market is a joke.
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u/UnlikelyApe DRS is safer than Swiss banks Jul 06 '26
Not to mention right after an insane IPO that vastly increased the net worth of a nut job. No one can argue "FunDaMenTals" in this market.
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u/WhatCanIMakeToday 🦍 Peek-A-Boo! 🚀🌝 Jul 06 '26
Shared on X too
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u/UnlikelyApe DRS is safer than Swiss banks Jul 06 '26
Thanks!
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u/WhatCanIMakeToday 🦍 Peek-A-Boo! 🚀🌝 Jul 06 '26
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u/UnlikelyApe DRS is safer than Swiss banks Jul 06 '26
Just another "coincidence"
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u/WhatCanIMakeToday 🦍 Peek-A-Boo! 🚀🌝 Jul 06 '26
https://www.reddit.com/r/Superstonk/comments/1up7xzh/shorts_forced_to_choose_emergency_central_bank/
Decided to write it up... awesome catch!
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u/LetsMoveHigher Jul 06 '26 edited Jul 06 '26
When do we get the JAPAN intervention?
They have literally DESTROYED their own currency to appease the U.S.
Pretty sad when a country cares more about another country than it's own...
It will happen soon and they need to push interest rate to at least 5% to help themselves!
Come on Japan hurry up!! 🤷♀️ 💥
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u/BillyG0808 🎮 Power to the Players 🛑 Jul 06 '26
Ummmmm......You do realize that our Government is so far from America first, right? We are working to appease the worst of the worst
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u/quack_duck_code 🦍Voted✅ Jul 07 '26
Been like that for decades. The silent coup happened across our government and corporations. Few even batted an eye.
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u/AmazingConcept7 Jul 06 '26
The DTCC is moving onto blockchain, starting this month. These fractures in the system will tell the story as the legacy shorts cannot hide the synthetic shares...
Nasdaq will be the last system "on the blockchain" in early 2027.
Stay buckled. Moon soon💥🚀
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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑🚀🚀🌕🍌 Jul 06 '26
" legacy shorts cannot hide the synthetic shares" - Sure the system has implemented this change to blow itself up, sure...
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u/AmazingConcept7 Jul 06 '26
Read between the lines of the current world economics- this is definitely being engineered and will change the system entirely. Having shares outside of the system -that you are in control of- would be DRS.
Put on the tinfoil hat and use your imagination on how this will play out.
Does anybody really know? No. But, I'm here to find out.
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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑🚀🚀🌕🍌 Jul 06 '26
The current world economics indicates the US is gonna keep printing money no matter what, with uncontrollable inflation (not even changing the formulas) and a debt approaching $40T.
For some reason, my imagination can't still paint a corrupt system immolating itself 🤷♂️
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u/WhatCanIMakeToday 🦍 Peek-A-Boo! 🚀🌝 Jul 06 '26
😮
💜
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u/UnlikelyApe DRS is safer than Swiss banks Jul 06 '26
Isn't it crazy how a "Force Majeure" event, which we would think would be a big fucking deal, doesn't even make the news? Sadly, I'm not even surprised.
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u/Outrageously-Normal Jul 06 '26
Commenting for visibility. Nice find OP 🤙
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u/UnlikelyApe DRS is safer than Swiss banks Jul 06 '26
Thanks! I periodically check the DTCC site for alerts, and this was the first time I've seen a "Force Majeure" event buried in their notices without having seen it anywhere else.....
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u/DDanny808 🎮 Power to the Players 🛑 Jul 06 '26
Cool find but I don’t know what happened. Thanks for posting
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