The Securities and Exchange Commission is considering a proposed rule change by the Fixed Income Clearing Corporation (FICC) to introduce an Intraday Mark-to-Market Charge for its Government Securities Division. This change aims to manage risks that occur when the value of a member's portfolio changes significantly during the day. If these changes reach a certain threshold, FICC will charge members to cover the potential risks, helping to safeguard the financial system. Public comments on this proposal are being solicited before any decision is made.
Simple Explanation
The government wants to make sure that money trading is safe, so if a member's money changes a lot during the day, they might get charged extra. They're asking people what they think before they decide if this is a good idea.