DTCC Receives SEC Approval for NSCC’s SFT Clearing New Client Access Model

TLDR: The SEC approved DTCC’s NSCC to launch a new client access model for SFT Clearing, effective immediately. The Agent Clearing Member Customer Net Margin Account nets margin across clients, replacing gross calculations. The model aligns agent SFT margin treatment with proprietary activity and existing FICC agency frameworks. Central clearing benefits under the model include [...]

The post DTCC Receives SEC Approval for NSCC’s SFT Clearing New Client Access Model appeared first on Blockonomi.