💰OCC Proposes Changes to Master Repurchase Agreement for Liquidity
Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Advance Notice Relating to The Options Clearing Corporation's Proposed Amendments to Certain Key Terms of a Master Repurchase Agreement for a Committed Liquidity Facility With a Bank Counterparty as Part of the Options Clearing Corporation's Overall Liquidity Plan
Summary
The Options Clearing Corporation has filed an advance notice regarding proposed amendments to a Master Repurchase Agreement, aimed at enhancing its liquidity facilities. These changes include modifications that would allow limited rehypothecation to expand funding sources and improve risk management in line with regulatory standards. The notice invites public comments concerning the proposed changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text discusses amendments to the Options Clearing Corporation's liquidity facilities, particularly the introduction of a Bank Repo Facility with terms aimed at expanding liquidity access. This impacts businesses as it may enhance the stability of financial transactions involving standardized equity options, potentially influencing their operations and risk management strategies.