💵FICC's Intraday Mark-to-Market Charge
The SEC has approved a proposed rule change by the Fixed Income Clearing Corporation (FICC) to adopt an Intraday Mark-to-Market Charge. This change aims to manage intraday risks associated with Members' portfolios by adjusting margin calculations, thereby enhancing financial stability and risk assessment for government securities trading.
Learn More📈FICC Proposed Rule Changes on Default Management and Porting
The Securities and Exchange Commission published a notice regarding the FICC's proposed amendment to enhance its default management rules. The changes aim to clarify the management of government securities and improve operational efficiency for indirect participants, including mechanisms for liquidation of transactions amid defaults. Comments and further evaluations are invited from stakeholders in the financial industry.
Learn More📊Proposed Rule Change on Backtesting Charge and Margin Requirements
The SEC has approved a proposed rule change by the Fixed Income Clearing Corporation to revise the definition of the Backtesting Charge in its government securities division. The revisions aim to clarify margin calculations and enhance the ability to manage credit risk, ensuring sufficient financial resources are available to accommodate potential member defaults.
Learn More📈Proposed Rule Change for Basis Risk Haircut Charge by FICC
The Securities and Exchange Commission has announced a proposed rule change by the Fixed Income Clearing Corporation to add a basis risk haircut charge into margin models. The change aims to enhance the management of market risk associated with mortgage-backed securities and clarify methodologies in the QRM Methodology Document.
Learn More📈Proposed Rule Change on Backtesting Charge Impacts Margin Requirements
The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Fixed Income Clearing Corporation to clarify and modify the definition of the Backtesting Charge in its Government Securities Division Rulebook. The changes aim to enhance understanding and accuracy in margin calculations, potentially increasing margin requirements for affected members.
Learn More📊Proposed Amendments to MBSD Rule 33 by FICC Enhancing Flexibility
The proposed rule change aims to amend MBSD Rule 33 to allow the Fixed Income Clearing Corporation to waive, suspend, or extend rules beyond emergency circumstances. The amendments intend to streamline operations while ensuring compliance and maintaining investor protections, enabling quicker responses to various market situations and promoting efficiency in securities transactions.
Learn More📈Proposed FICC Rule Change Enhances Default Management Procedures
The Securities and Exchange Commission has published a proposal from the Fixed Income Clearing Corporation to modify its Government Securities Division Rulebook. The changes aim to enhance understanding of default management procedures and facilitate transfers of indirect participant activity, ultimately promoting greater financial stability and clarity within the securities market.
Learn More📈FICC Proposes Changes to Intraday Margin Collection Rules
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.
Learn More📈Business Implications of the Proposed Intraday Mark-to-Market Charge
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.
Learn More📈FICC Proposes Amendments to Risk Management Framework
The SEC published a notice regarding FICC's proposed rule change to amend its Risk Management Framework. The changes aim to clarify the quarterly escalation process, annual reviews, and eliminate references to the Systemic Risk Council. Stakeholders are invited to submit comments regarding the proposed changes.
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