A DTC chill is the suspension of certain DTC services with respect to an Issuer’s securities. Those services can be book entry clearing and settlement services, deposit services (“Deposit Chill”) or withdrawal services. A chill can pertain to one or all of these services.
The attorneys of Legal & Compliance, LLC are experienced in addressing and removing DTC chills and global locks on behalf of OTC issuers. Contact us if you are currently experiencing any of the aforementioned DTC issues.
Inquiries of a technical nature are always encouraged. Contact Securities Attorney Laura Anthony.