The Depository Trust & Clearing Corporation (DTCC) has released a statement regarding the status of it’s NY securities vault after assessing the flood damage from SuperStorm Sandy. The DTCC, which had previously stated that up to $37 TRILLION in stock certificates may have been damaged, stated that upon examination of the vault, that significant flooding and water damage occurred throughout the facility and that It is too early to determine how many of the physical certificates can be restored. The restoration process will take some time, possibly months.
Full DTCC Press Release below: [Read more...]


