Regulation & law · 23/12/2016

SEC Approves NSCC's Proposed Rule Change to Enhance Trade Guaranty and Risk Management

The Securities and Exchange Commission (SEC) has granted approval for the National Securities Clearing Corporation's (NSCC) proposed rule change, which aims to accelerate its trade guarantee, add new clearing fund components, enhance intraday risk management, and allocate losses for 'off-the-market transactions'.