Subject: File No. SR-NSCC-2022-801
From: Adam Brink
Affiliation: Investor

April 20, 2022

Is this a joke? Why does there need to be more ways to sneak out of a trade without it affecting the market? Does this support a free and transparent market, or does it further destroy the integrity and honesty of the it? The only way to clear a failure to deliver should be by not having it in the first place There shouldn't be any cheat codes. We are setting up the entire market and economy for failure by creating sneaky ways like this to make an FTD whole. They should have to be cleared through the lit market in full, public transparency. If I stop paying my mortgage, can I get out of it by paying with Monopoly money? Just so it doesn't inconvenience me? What's the difference in what is being proposed here?