Search Results for keywords:"Continuous Net Settlement"

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Search Results: keywords:"Continuous Net Settlement"

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2025-00171 — Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the NSCC Rules & Procedures With Respect to the Receipt of CNS Securities
January 08, 2025
Type:Notice
Citation:90 FR 1560
Reading Time:about 3 minutes
The National Securities Clearing Corporation (NSCC) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to modify its rules concerning the receipt of securities from its Continuous Net Settlement (CNS) system. This change aims to improve the clarity of NSCC's rules regarding CNS long allocations. The SEC has published a notice to gather public comments on this proposal. Comments can be submitted online or by mail by January 29, 2025.
Simple Explanation
In simple terms, the National Securities Clearing Corporation wants to change some rules about how it takes in certain types of stocks and bonds. They are asking for people's opinions on these changes, and anyone can send in their thoughts by the end of January.
2024-30351 — Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the Guide to the DTC Fee Schedule To Revise Certain Fees Charged to Participants for Settlement Services
December 20, 2024
Type:Notice
Citation:89 FR 104282
Reading Time:about 15 minutes
The Depository Trust Company (DTC) proposed a rule change to update fees for certain settlement services, effective January 1, 2025. This proposal involves increasing fees for Deliver Orders during both day and night settlement cycles, as well as for tracking services and transactions with the National Securities Clearing Corporation's Continuous Net Settlement system. DTC argues that these increases are necessary to align costs with revenue while maintaining a low-margin markup, and ensures that fees are allocated equitably among participants who use these services. The proposal aims to help DTC cover its operating expenses and continue meeting regulatory requirements.
Simple Explanation
Imagine if a toy store needs more money to cover its costs, so it decides to charge a little more for certain toys. In this case, the company in charge of helping people trade stocks wants to raise its fees a bit to cover its expenses and make sure it's fair for everyone who uses their service.

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