📈FICC Proposes Changes to Intraday Margin Collection Rules
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change Concerning the Collection of Intraday Margin
Summary
The SEC is considering proposed rule changes by the FICC to enhance the collection of intraday margin for clearing agencies. These updates aim to comply with recently adopted standards, ensure effective monitoring of exposure, and clarify procedures for margin collection. The changes provide clearer guidelines for when and how intraday margin calls will be made, enhancing transparency and operational readiness for businesses involved in fixed income transactions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulations proposed by the FICC affect compliance requirements for clearing agencies regarding intraday margin calls. This can have significant financial implications for businesses operating in fixed income markets, as they must adjust their margin management strategies to align with the updated rules.