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

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by Dismal-Jellyfish

Source (pdf)

Smoothbrain take;

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

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.

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