NSCC Alert! Notice of Filing of Proposed Rule Change to Adopt Intraday Volatility Charge and Eliminate Intraday Backtesting Charge.
SR-NSCC-2022-009
34-95286Additional Materials: Exhibit 5
* Submit Comments on SR-NSCC-2022-009
Purpose
NSCC is proposing to enhance its Clearing Fund methodology by implementing an intraday volatility charge that may be collected by NSCC to mitigate the risks presented by Membersโ adjusted intraday Net Unsettled Positions and Net Balance Order Unsettled Positions (โNet