[newsoftheday]

I'm a layman, I did try asking Google Gemini this question based on the phrasing in the article, "Can the depository trust company seize securities used as collateral in lending arrangements with broker-dealers?" to which it answered, "The short answer is yes" followed by much information on the subject.

PS I expanded my question as follows: "Can the depository trust company seize securities used as collateral in lending arrangements with broker-dealers in a financial crisis?". The response contains, "...a systemic crisis triggers specific clearinghouse protections that can override normal operations.".