May 3, 2015
Submit Comments on SR-DTC-2015-003
Notice of Filing of Proposed Rule Change Regarding the Acknowledgment of End-of-Day Net-Net Settlement Balances by Settling Banks
I support this rule. The clearinghouse needs certainty in order to settle trades. And the onus for settling certainly belongs to the financial institutions that issue responsibility/guarantees. silence from the financial institution must be interpreted as agreement and cannot be used to reverse responsibility after-the-fact.