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    Value Investing DTCC Amendments Regarding Supplemental Liquidity Deposit Requirements

    Value Investing DTCC Amendments Regarding Supplemental Liquidity Deposit Requirements


    DTCC Amendments Regarding Supplemental Liquidity Deposit Requirements

    Posted: 08 Mar 2021 04:01 PM PST

    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.

    submitted by /u/ilikepancakez
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