NSCC Alert! Reminder, changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge take effect TODAY.

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by Dismal-Jellyfish

Source: www.dtcc.com/-/media/Files/pdf/2023/2/24/a9264.pdf

Subject: Implementation Date of Changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge

On the morning of the effective date, the ECP charge will be calculated using the proposed changes, which compares a Member’s applicable capital amounts to its Volatility Charge, clarifies the capital amounts used for the comparison, and incorporates a cap of 2.0 for the Excess Capital Ratio.

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