26 Jun 2025
💰FICC's Proposed Intraday Mark-to-Market Charge
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Adopt an Intraday Mark-to-Market Charge at GSD
Summary
The SEC is reviewing the FICC's proposed rule change to implement an Intraday Mark-to-Market Charge, aimed at managing risk linked to fluctuating market conditions. This charge will affect margin calculations for its members and outlines specific thresholds under which it applies, prompting a new approach to credit exposure management and alert communications via public notices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes by the FICC introduce an additional "Intraday Mark-to-Market Charge" affecting members' margin requirements based on intra-day market changes. This will directly impact business owners and executives' risk management and margin liquidity strategies, potentially increasing costs during volatile market conditions.