Apr. 09, 2021
Affiliation: Retail Investor I am in full support of this proposed amendment. The proposed amendment should be passed to ensure that NSCC continue to have the required powers to swiftly assess its liquidity risks, including on an intra-day basis. It ensures that NSCC will not be exposed to undue amounts of risk as a result of the actions of its errant Members and allows them to quickly correct any such identified risk by applying an intraday SLD obligation to the said Member. Allowing NSCC to calculate and collecting SLD every Business Day rather than only in connection with Options Expiration Activity Periods would allow NSCC to proactive monitor its members and protect the integrity and health of the financial market by eliminating and/or mitigating the risk factors as they arise. As such, this amendment should be passed to continue to protect and safeguard the financial market from bad actors.