From the NSCC, FICC-GOV, DTC, FICC-MBS updates to the Clearing Agency Security Valuation Framework:
"Clearing Agencies would consider whether the Pricing Vendor actually provides accurate and timely pricing data as opposed to whether the Pricing Vendor is โable to provideโ accurate and timely data."
![](https://dismal-jellyfish.com/content/images/2023/08/image-167.png)