Onehundredmph@onehundredmph
MMTLP Community:
Do you see the conflict?
The identifiers classified as foreign (global) allow synthetic assets to be available for collateral in the entire global financial system.
US assets identifiers are stripped in 4 stages:
1- DTCC Cede and Co = Underlying asset physical certificate becomes electronic under the CONTROL of a clearing firm. The electronic identifier is entered into a global clearing system.
2- PFOF = market maker provides artificial liquidity which creates an IOU, borrow, locate, or a synthetic asset.
3- Fractionalization = Breaks down the synthetic asset structure and allows for rebalancing/restructuring.
4- Hedge Fund Rehypothecation = New identifier and synthetic asset is created for new collateral borrowing.
Wallstreet's counterfeiting mechanism is the same for all US assets when they are stripped of their identity and leveraged on foreign exchanges to conceal various forms of money laundering operations.
Think of it like a virus that exists inside your computer that is implanted in your email. Your email is available to be illegally registered anywhere around the world once it becomes part of any 3rd party database. Your email address is your identifier but when that 3rd party has access to reading it inside their database, anything can happen via phishing, id fraud, matching to social security or heath records, ect. The malicious 3rd party needs the volume of emails to continue to rise so it can leverage the data in order to extract personal information to use in criminal activity.
In the first picture below you will find global identifiers for MMTLP under the ISIN, SEDOL, BBGID, and FIGI.
You will also notice something called the EIOPA CIC Code. We will get to it in a moment.
ISIN stands for International Securities Identification Number. It is a 12-character alphanumeric code that uniquely identifies a specific security, such as shares, bonds, ETFs, or mutual fund units, across global financial markets. The ISIN is engineered to support clearing and settlement in the global financial system.
SEDOL stands for Stock Exchange Daily Official List. It is a unique seven-character alphanumeric code used primarily in the United Kingdom and Ireland to identify securities for clearing and trading purposes. This is very important because when you consider the rehypothecation of a US asset in any country in European financial ecosystem it opens the door for unregistered brokers, offshore accounting, shell game financing, and other various forms of financial collateral engineering in the global financial system. Keep in mind, there is minimal US anti-money laundering compliance when stock lending is reengineered through naked short selling practices between hedge funds and self clearing broker dealers, especially in UK territories (City of London, Cayman Islands) and Ireland.
The BBGID identifier is a Bloomberg Global ID. This is important because Bloomberg terminals are direct access machines to the global marketplace. Anyone with access via subscription can read and some entities can write or make manual entries into the system especially if Broker Dealer Operators or Algorithms are leveraging the trading activity inside venues. Venue are are unregistered exchanges.
The FIGI is also a global identifier however it is unique when a US asset is reengineered into a new synthetic asset around the world. I would argue it represents the "locate" of a synthetic asset (naked short) on foreign exchanges.
Now back to the EIOPA CIC Code. The Complementary Identification Code (CIC) is a four-character alphanumeric code used by insurance and reinsurance undertakings to categorize assets for Solvency II reporting to the European Insurance and Occupational Pensions Authority (EIOPA). This is very important because the way a financial product is insured opens the door for more fraud and manipulation. The control of the asset is leveraged by the contract that binds the parties involved in the transaction. But what if the parties involved are synthetic in nature. The shell or LLC controlling the synthetic asset becomes fraudulent collateral for shadow banking/financing. Think about how commodity and fixed asset pooling works in the secondary market where special purpose vehicles (SPV's) are used to park synthetic assets to support stock lending. There is a reason why Private Equity is currently experiencing tremendous liquidity stress. The synthetic asset borrowing is becoming to expensive because the underlying asset (real asset) is no longer available for lending which is forcing borrowers to go to market and try to find something that does not exist to settle the loans. As a result it is creating massive defaults and bond markets are reacting by increasing yields.
Furthermore, you will notice MMTLP is identified as no eligible for margin while foreign identifiers are weaponized to leverage the underlying asset thru synthetics inside a FOREIGN financial ecosystem. See NBH SEDOL example below.
Lastly, the code legend signifies how data transmission is performed inside the electronic financial ecosystem. This is important because it identifies opportunities to interfere with US asset verification and authentication in domestic and foreign markets. The messaging protocols are the rails of the system. The trades (shares) are train carts on the rails. And the passengers in the train are the investors with multiple names (identifiers) who need verification on their shares and authentication to know their property is real.
Susquehanna is just an OPERATOR who can reroute a train into a different direction where the passengers don't want to go.
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