FICC-MBS Alert! As of today, Credit Suisse Securities (USA) LLC’s FBMA, FBEG, FBEI, FBEP, & FBFC Clearing accounts have no open trade obligations on the books of the MBS Division of FICC.
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NSCC Alert! SR-NSCC-2022-015 OPEN for comment: NSCC proposes to make changes to the gap risk charge. They state: 'Gap risk events have been generally understood as idiosyncratic issuer events that cause a rapid shift in price volatility levels.'
Source: https://public-inspection.federalregister.gov/2023-06059.pdf
SR-NSCC-2022-015: https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf
Comments are available at: https://www.sec.gov/comments/sr-nscc-2022-015/srnscc2022015.htm
Background:
* A key tool that NSCC uses to manage its respective credit exposures to its members is the daily collection
Why I am super bullish on the Cyber Crew Clone in Fortnite: sets the stage for a potential partnership? “Proceeds from sale of digital assets” go brrr in the future?
Reposting as called out correctly the title was 'off' in the first post. A partnership has not been announced. I apologize for the original misleading headline and am still bullish on this concept.
Good afternoon Superstonk, jellyfish here and wow there is a ton going on right now!
DTC Alert! Corporate Actions Service Updates, Service Updates: Credit Suisse's transfer Agent approves release of Chills of USD-Denominated Perpetual Tier 1 Capital Notes ($17 billion in Contingent Convertible Capital Instruments (CoCo's)).
https://www.dtcc.com/-/media/Files/pdf/2023/3/22/18302-23.pdf
This is following up on this posting from Yesterday:
https://www.reddit.com/r/Superstonk/comments/11yid2p/dtc_alert_corporate_actions_service_updates/
Contingent Convertible Capital Instruments (CoCos) AKA Additional Tier 1 (AT1) bonds a $250-$275
SEC Alert! SEC Proposes to Modernize the Submission of Certain Forms, Filings, and Materials Under the Securities Exchange Act of 1934. The proposed amendments would require registrants to make submissions to the Commission electronically.
proposed Rule (427 pages)
The Securities and Exchange Commission (“Commission” or “SEC”) is proposing to require electronic filing or submission of certain forms and other filings or submissions that are required to be filed with or submitted to the Commission under the Securities Exchange Act of 1934 (“Exchange Act”) and
SEC Alert! Commissioner Hester M. Peirce statement on Electronic Filing: 'I am concerned about registrants’ ability to devote the necessary attention to this highly technical release.'
Source: https://www.sec.gov/news/statement/peirce-statement-electronic-filing-032223
Thank you, Mr. Chair. Today’s proposal represents an important step in the Commission’s welcome transition from paper to electronic filing requirements, and I support it. Digital technologies have transformed our world over the past several decades, and our markets are
SEC Alert! Statement on Electronic Filing by Gary Gensler: 'Today, the Commission is considering a proposal under the Exchange Act to require broker-dealers and other registrants to submit forms electronically.
source: https://www.sec.gov/news/statement/gensler-statement-electronic-filing-032223
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