Dismal's Smacks

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🤔 Speculation / Opinion

Order Approving Proposed Rule Change Relating to the Schedule of Haircuts for Eligible Clearing Fund Securities

NSCC Alert! New Haircut schedule APPROVED by the commission & effective within 60 days of 11/8/23. Why? IDIOSYNCRATIC RISK!

We have talked about this before and I was confused about timing (sorry!), as the item published in the federal register was for an additional waiting period for comments before being approved by the commission (which it was 11/8) 60 days from November 8, 2023, falls on January 7,

Is a freight recession becoming a banking bloodbath?

Failed Iowa bank (Citizens Bank) closed for bad trucking loans? Is a freight recession becoming a banking bloodbath?

As we discussed last week, Iowa Trust & Savings Bank, Emmetsburg, Iowa, Assumes All of the Deposits of Citizens Bank, Sac City, Iowa. * Citizens Bank in Sac City, Iowa, was closed by the Iowa Division of Banking. * The Federal Deposit Insurance Corporation (FDIC) was appointed as the receiver. * FDIC entered a

Good Day!

Are we on schedule or No? An update on my MOASS prediction heading into 10/24 and beyond.

I hope everyone enjoyed a wonderful and restorative weekend and that your Monday is off on the right foot! When I first posted on this topic back in August, I thought it would probably die in 'new' as r/Superstonk does not usually appreciate anything that tries to tie any

This document is scheduled to be published in the Federal Register on 10/04/2023

NSCC Alert! New Haircut schedule will be published in the Federal Register 10/4/23 & effective within 60 days. Why? IDIOSYNCRATIC RISK!

"Haircuts" Recall, it was on 9/22 NSCC submitted to update the definition around "Haircuts": This is a whopper of a statement: * "Through its review, NSCC has observed that under volatile market conditions with elevated frequency and magnitude of securities price movements, the collateral value of Eligible Clearing Fund Securities

2/5's do not collect margin

September 2023 Senior Credit Officer Opinion Survey, special questions about trading of zero-days-to-expiry (0DTE) options: "Two-fifths of the dealers do not collect margin on 0DTE options."

Highlights: * Approximately two-fifths of dealers, on net, reported that they had increased the resources and attention they devoted to managing their concentrated credit exposure to other dealers and other financial intermediaries over the past three months--highest since June 2020. * Approximately one-fourth of dealers, on net, indicated increased funding demand for

NSCC provided notice to its Members confirming VaR Charge changes effective 10/2/23. Why? IDIOSYNCRATIC RISK! I believe these changes help set the stage for MOASS.

NSCC provided notice to its Members confirming VaR Charge changes effective 10/2/23. Why? IDIOSYNCRATIC RISK! I believe these changes help set the stage for MOASS.

This Follows up the planned implementation announcement from 8/25/23: I'd like to call folks attention to something called out in the 8/25 announcement but not today's: "Haircuts" It just so happens, on 9/22 NSCC has also submitted to update the definition around "Haircuts": This is a

"Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking."

"Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking."

TLDRS: Are the authors from the Fed saying the quite part out loud? Tokenized GME can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking?!?!?!?! * "Finally, similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or