#DTCC #STOCKS The proposal would strengthen NSCC’s ability to maintain sufficient liquidity to complete end-of-day settlement in the event of the default of a Member. Allows NSCC to calculate and collect, when applicable, SLD every Business Day from those Members that pose the largest liquidity exposures to NSCC on that day. The proposal would also include a mechanism to allow NSCC to collect SLD on an intraday basis & first Business Day of the Options Exp.
https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf