Feb. 13, 2024
Good morning - I am emailing to document my opposition to the proposal by the options clearing corporation to waive their own margin calls. If this rule proposal is approved, mitigating the procyclical margin requirements directly reduces the first line of protection for the OCC, margin collateral from at risk Clearing Member(s), so this rule proposal should be rejected, made fully available for public review, and approved only with significant amendments to address the issues raised herein. Thank you,