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NSCC Alert! Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Adopt Intraday Volatility Charge and Eliminate Intraday Backtesting Charge

SR-NSCC-2022-009

Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Adopt Intraday Volatility Charge and Eliminate Intraday Backtesting Charge
Comments due: 21 days after publication in the Federal Register
Rebuttal comments due: 35 days after publication in the Federal Register

Submit Comments on SR-NSCC-2022-009

The aggregated amount of all members’ margin constitutes the Clearing Fund, which NSCC would access should a member default and the defaulted member’s own margin be insufficient to satisfy losses to NSCC caused by the liquidation of that member’s portfolio.

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