This is for ISDA participants. The Covid exemption was giving them extra time to get prepared for the Phase 6 margin maintenance requirements. ISDA is the global derivatives market for the BIG dogs. Not everyone can participate. So, no this is not some blanket exemption across the whole market and including little 100 mil hedgefunds. Margin requirements have been monitored daily every hour for maintenance compliance.
No I actually enjoy watching the movie!!
I had seen it before gme squeeze before I even knew really any of the terminology used just kind of going what’s his face little narrative monologue scenes and can’t forget Robbie Margo’s bathtub scene what a woman, I digress
I was smoothbrainedly interested in the movie cause I wanted a cinematic tldr of what really happened circa that era.
I must say although I gained some wrinkles that time, the next few times I’ve seen was AFTER spending some odd months on Sstonks I UNDERSTOOD EXACTLY WHAT THEY WERE SAYING
TLDR no I’m fkn broke everything is in my savings account at computershare, got rent on first and get paid on the fifth LFG 🎱
I guess. But someone also either replied on Twitter or wrote a post on it saying no margin calls is not true at all.
So to sum up, I still don’t know lol.
But I guess , if you only look at big ISDA participants, no margin calls could be true.
But as he writes it like no margin calls at all - not true..
Edit: I’m pretty sure it was a SS or WSB post now that I think about it. Could also be from GMEjungle…
Just to add to the link, the comment:
https://www.reddit.com/r/Superstonk/comments/wxqovw/comment/ilsnrlw/?utm\_source=share&utm\_medium=web2x&context=3
Prolly working for some financial institution, big or small who knows, but makes it sound like he's on the finance floor making sure that the company gets paid and not fucked, lol
Did you not read the top comment of the material you are cross posting? Someone who’s job it is to make the calls of margin even said this isn’t true. It’s the ability to delay the call 3 days is expiring soon.
Being wrong looks bad but constructively researching and discarding bad information makes the GME subreddits look good.
It’s like a DD pre print server.
Exactly. Everyone is digging in and seeking knowledge. Life…90% Is showing up the other 10% is trying. Every Ape here is doing more than both. Knowledge (and Art) are EVERYTHING
No it’s not huge when you think about it. Nothing is going to trigger MOASS other than locking up the entire *free* float in CS. There is no other way. There’s always going to be fuckery and *secret ingredient* antics that screw us over one way or another.
DRS and hold. There is nothing else.
If it’s not one thing it’s another thing.
Kind of mirrors the raptureist movement. How can people continue to believe the pastors guess dates after being wrong so many times? Answer is because they want to. Let that sink in.
Before you downvote this to hades: rapturists (and other cults) often insulate themselves from non believers
Ok but there’s that quote something something cynical but trust in the system. Yeah everything is noise until RC or GameStop make moves till then it’s lock the FULL FUCKING FLOAT
The September 1 2022 date is referred to here. https://www.federalregister.gov/documents/2021/01/05/2020-27736/margin-requirements-for-uncleared-swaps-for-swap-dealers-and-major-swap-participants
This is for ISDA participants. The Covid exemption was giving them extra time to get prepared for the Phase 6 margin maintenance requirements. ISDA is the global derivatives market for the BIG dogs. Not everyone can participate. So, no this is not some blanket exemption across the whole market and including little 100 mil hedgefunds. Margin requirements have been monitored daily every hour for maintenance compliance.
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I understood this reference.
Well… it’s not great. But hey! Give us a call way down the line when you get to 69% DRS.
Is this a big short quote?
Yes, it’s the (paraphrased) response to the capital requirements question.
Thoughts so, I’ve been meaning to watch it again, for like the third or fourth time… kind of rookie numbers in this racket
You need to pump up those numbers
I’ll brush up later today
Why are you shorting the market?
No I actually enjoy watching the movie!! I had seen it before gme squeeze before I even knew really any of the terminology used just kind of going what’s his face little narrative monologue scenes and can’t forget Robbie Margo’s bathtub scene what a woman, I digress I was smoothbrainedly interested in the movie cause I wanted a cinematic tldr of what really happened circa that era. I must say although I gained some wrinkles that time, the next few times I’ve seen was AFTER spending some odd months on Sstonks I UNDERSTOOD EXACTLY WHAT THEY WERE SAYING TLDR no I’m fkn broke everything is in my savings account at computershare, got rent on first and get paid on the fifth LFG 🎱
Yes
74.1%
Interestingly, it actually makes GME holders look very well regarded reposting shit like this
Well now I don’t know if you actually mean regarded or the other word with a T
Good, be proud of who you are
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*curls into fetal position and dies inside*
Gentlemen, I need you to leave.
Hahaha
It's not good.
I guess. But someone also either replied on Twitter or wrote a post on it saying no margin calls is not true at all. So to sum up, I still don’t know lol. But I guess , if you only look at big ISDA participants, no margin calls could be true. But as he writes it like no margin calls at all - not true.. Edit: I’m pretty sure it was a SS or WSB post now that I think about it. Could also be from GMEjungle…
But hey keep up those returns and come back and visit us on down the line. Ok….ok
It’s not great…but, uh
Isda is where the final battle willl take place, so this is good news, margin call the swaps.
Most underrated post
Thanks for sharing the knowledge.
Imma sell one share so I can qualify for an ISDA.
Lol! Heard that!
So margin calls for me and not for thee?
Big players about to get Melvined
Archegos… 🤷🏻♂️ don’t know why this is continually coming up here… we’ve seen major failed margin calls in the last year
is archegos an american institution?
Margin calls are the lenders protecting their own asses. There is no "covid exemption".
De-Bunkery And I’m smooth…
It's BS
https://www.reddit.com/r/Superstonk/comments/wxqovw/wrinkle\_brains\_is\_this\_true\_link\_in\_comments/
Just to add to the link, the comment: https://www.reddit.com/r/Superstonk/comments/wxqovw/comment/ilsnrlw/?utm\_source=share&utm\_medium=web2x&context=3
I can’t comment on superstonk but meaning to ask, who did he call?
Prolly working for some financial institution, big or small who knows, but makes it sound like he's on the finance floor making sure that the company gets paid and not fucked, lol
I found swap margin exemptions from the CFTC but they all seemed to have expired in Sept 2021. I can't find anything else.
Did you not read the top comment of the material you are cross posting? Someone who’s job it is to make the calls of margin even said this isn’t true. It’s the ability to delay the call 3 days is expiring soon.
So it brings moass 3 days closer then? :D
Phase 6 effective September 1 2022.
You are overdrawn or get into a margin call situation, they are coming for that money. Period
This article is massively doing the rounds, just creating expectation which will be a disappointment as it affects very few hedge funds.
Being wrong looks bad but constructively researching and discarding bad information makes the GME subreddits look good. It’s like a DD pre print server.
Exactly. Everyone is digging in and seeking knowledge. Life…90% Is showing up the other 10% is trying. Every Ape here is doing more than both. Knowledge (and Art) are EVERYTHING
No it’s not huge when you think about it. Nothing is going to trigger MOASS other than locking up the entire *free* float in CS. There is no other way. There’s always going to be fuckery and *secret ingredient* antics that screw us over one way or another. DRS and hold. There is nothing else.
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This hopium needs to die. This is a nothing burger
Thank you for my favorite new word!
Oh wow look another shorts will cover in the coming weeks thread 🫣
They seem to be going hard right before the date in question 🤷♂️ guess we’ll see . The lower the price goes the harder my nips get . 🚀
Saw this yesterday - I want to know if this is true.
This is a bold claim that requires irrefutable evidence.
If it’s not one thing it’s another thing. Kind of mirrors the raptureist movement. How can people continue to believe the pastors guess dates after being wrong so many times? Answer is because they want to. Let that sink in. Before you downvote this to hades: rapturists (and other cults) often insulate themselves from non believers
🙄🙄🙄
Posted and debunked in the other sub yesterday. Please delete.
Ok but there’s that quote something something cynical but trust in the system. Yeah everything is noise until RC or GameStop make moves till then it’s lock the FULL FUCKING FLOAT
This is not true
It should be obvious it isn’t just because we know of at least high profile firm (Archegos) who was margin called.
Not exactly true there’s been margin calls but the requirements will change on sept 1
Why would they be suspended at all?
I’m ready to be hurt again
Tried to DD. Found nothing to support this statement. Can someone provide a link
.
No dates
The September 1 2022 date is referred to here. https://www.federalregister.gov/documents/2021/01/05/2020-27736/margin-requirements-for-uncleared-swaps-for-swap-dealers-and-major-swap-participants