On October 26th, the SEC provided notice of the Options Clearing Corporation's proposal to amend its by-laws and rules to clarify the OCC's authority to use, and the manner in which the OCC may use, a defaulting clearing member's margin deposits and contributions to the clearing fund and all other clearing members' clearing fund contributions to obtain temporary liquidity for purposes of meeting liquidity needs arising from Default Obligations. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of October 31. SEC Release No. 34-65622.