Search Results for keywords:"Clearing Agency Investment Policy"

The Fixed Income Clearing Corporation (FICC) has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its Clearing Agency Investment Policy. The changes are mainly focused on how FICC handles and invests funds for various types of transactions, ensuring that security and liquidity are prioritized. Key amendments include separating and clearly organizing different types of margin deposits and ensuring that they are held independently, particularly for transactions involving indirect participants. These changes are meant to comply with specific SEC rules and enhance the safeguarding of these investments, with the proposal expected to be implemented by March 31, 2025.

The Securities and Exchange Commission approved proposed changes to the investment policies of the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. These changes are intended to align their policies with new rules for managing U.S. Treasury securities transactions and safeguarding customer margins. The proposal includes a process to keep proprietary and customer funds separate and independently managed, which aims to enhance the stability and security of these financial transactions. The updated policies are meant to ensure that funds are secure and properly managed even in the event of a financial default.

The Securities and Exchange Commission has published a notice about a proposed rule change by The Depository Trust Company (DTC). This proposal seeks to amend the Clearing Agency Investment Policy to ensure compliance with new requirements for handling and investing customer funds. Key changes include separating and independently managing the margin for proprietary transactions from those involving indirect participants, as well as restrictions on how these funds can be invested, primarily in U.S. Treasuries with short maturities. The proposal aims to align with regulations that safeguard the funds that DTC manages.

The Securities and Exchange Commission published a notice about a proposed rule change by the National Securities Clearing Corporation (NSCC). This proposal involves updating the Clearing Agency Investment Policy to enhance how different funds are managed and invested. Notably, these changes aim to segregate and independently manage funds from direct and indirect participants to comply with new regulatory requirements. The updates are designed to ensure the safeguarding of these funds and may involve using only safe investments like U.S. Treasuries for certain categories of funds.