On February 28th, the SEC approved the Fixed Income Clearing Corporation's proposal to allow FICC to offer cross-margining of certain positions cleared at its Government Securities Division (GSD) and certain positions cleared at New York Portfolio Clearing, LLC (NYPC). GSD members will be able to combine their positions at GSD with their positions at NYPC, or those positions of certain permitted affiliates cleared at NYPC, within a single margin portfolio. SEC Release No. 34-63986.