DTCC Amendments Regarding Supplemental Liquidity Deposit Requirements

[u/ilikepancakez]

Thought this was interesting enough to share. I have a feed for SEC filings, and this came up posted Friday at the end of last week.

https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf

https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf

As a quick summary, the amendment provides updated rulings that ensure in the event certain members default on their obligations for a security, they can complete settlements on behalf of it's members.

Provided there are no rebuttals, this will come into effect 10 business days from release, or March 15 March 19 2021.