On November 23rd, the SEC provided notice of the Fixed Income Clearing Corporation's proposal to allow it to enter into a cross-margining arrangement with New York Portfolio Clearing, LLC, which has applied to be registered with the Commodity Futures Trading Commission as a derivatives clearing organization. The proposed rule change would permit FICC to offer cross-margining of certain positions cleared at its Government Securities Division and certain positions cleared at NYPC. Comments should be submitted on or before December 21, 2010. SEC Release No. 34-63361.