27 Mar 2025
đŸ“ˆBusiness Implications of the Proposed Intraday Mark-to-Market Charge
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change To Adopt an Intraday Mark-to-Market Charge at GSD
Summary
The SEC has published a notice regarding the Fixed Income Clearing Corporation's proposal to implement an Intraday Mark-to-Market Charge at GSD. This rule change aims to mitigate intraday risk exposures for members by assessing fees based on portfolio fluctuations. Comments are being sought from interested parties to evaluate the implications and facilitate broader market safety.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed Intraday Mark-to-Market Charge by FICC introduces additional regulatory requirements, affecting the financial obligations of businesses involved with government securities. Compliance may lead to increased costs for members who exceed certain thresholds, impacting overall liquidity and capital allocation strategies.