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Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Why is 559Q-RXGN4-JZPP trending on Twitter?
Something to do with this I guess: https://www.sec.gov/Archives/edgar/data/19617/000161577419015141/0001615774-19-015141.txt
From what I can glean, this is the computer code for a file, what looks to be a legal contract between JP Morgan Chase and two distinct Brazilian banks. There’s tons of document formatting code (to be expected, typical) and a huge amount of legalese which seems to protect JPMC in any eventuality - i.e. written by the JPMC lawyers.
I can’t tell what exactly this contract covers, but a couple guesses are that these foreign banks are interested in selling some sort of JPMC-provided shares (as a sort of commission/fee structure to be paid to the Brazilian entities is discussed) and another guess is that JPMC is going to do some sort of underwriting for these banks (as there’s discussion regarding interest). Whatever this contract covers, it appears to be a highly structured instrument with respect to time periods, windows of remuneration, cancellation fees and a myriad of other technical terms. I’d have to study and research this to be of any real help in deciphering it, am too rusty on my securities knowledge. Some anons currently working in and/or even just up on the securities/investment field would be able to parse out the salient terms.
The last two thirds (every line beginning with M) are the computer code for a series of graphics. These may simply be signature lines for all parties involved as is typical at the end of any contract between parties.
Why it’s trending (as the claim has it) I have no idea. Did either of the two Brazilian banks mentioned therein have any interesting news about them?
Its simply HTML formatted. If you take all the content start starts at the line <html> up until the line </html> and put it into a file with extension "html", you can open it and read it properly.
I uploaded the screenshot of the first two pages if you want to take a look: https://imgur.com/a/WUm1Zry
Thank you for this info. 👍
(And here I was scanning through all the formatting to find the good parts.)