Search Results for keywords:"FICC"

The Fixed Income Clearing Corporation (FICC) has proposed changes to its Risk Management Framework, affecting it and its affiliates, like The Depository Trust Company and National Securities Clearing Corporation. These changes aim to clarify and update procedures related to quarterly and annual reviews and remove references to the Systemic Risk Council. The Securities and Exchange Commission is seeking public comments on these proposed amendments, which can be submitted electronically or in writing by April 9, 2025. All comments will be publicly available on the SEC's website, although obscene or copyrighted material may be redacted or withheld.

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.