FICC – MBS Alert! Ccertain Deterministic Risk Component items (Mark-to-Market items, cash obligation items and accrued principal and interest) from the Required Fund Deposit calculation to Cash Settlement, revise thresholds in the Intraday Mark-to-Market Charge, establish a new Intraday VaR Charge

by Dismal-Jellyfish

Source (pdf)

Smoothbrain take;

Housing loans are treated as securities/assets. There are rules about how that works.

We are primarily funded by readers. Please subscribe and donate to support us!

They’re moving risky shit(calls/puts, loans/intrest) from ‘you just need a deposit’ to yall better have fucking cash.

They’re also revising the every day check of “yo shit good? you got enough cash?” (likely increasing required amount) and adding a fee if you aren’t.

Again smoothbrain.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.