On November 1st, the SEC provided notice of the OCC’s filing of proposed revisions to its method for determining the minimum clearing fund size. The proposed rule change would implement a minimum clearing fund size equal to 110% of the amount of committed credit facilities secured by the clearing fund to ensure that the amount of the clearing fund likely will exceed the required collateral value that would be necessary for OCC to be able to draw in full on such credit facilities. Comments should be submitted on or before November 28, 2012. SEC Release No. 34-68130.
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Revised method for determining the minimum clearing fund size is proposed
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