Federal Register #SR-NSCC-2026-009

NSCC Proposed Rule Change to Enhance Supplemental Liquidity Deposit Rules

This notice details a proposed rule change by the National Securities Clearing Corporation (NSCC) to enhance its Supplemental Liquidity Deposit (SLD) rules and processes. - Government buyer: - Securities and Exchange Commission (SEC) - National Securities Clearing Corporation (NSCC) (as the regulated entity) - No OEMs or commercial vendors are involved, as this is a regulatory action, not a procurement - No products or services are being requested or purchased - Key proposed changes: - Improve the accuracy of NSCC's liquidity need projections, including intraday requirements - Refine the pro rata allocation of SLD obligations to reduce excess liquidity and funding burdens on NSCC members - Codify member obligations to provide additional reports and information to support liquidity projections - Clarify the process for returning SLD obligations - The enhancements are intended to ensure NSCC maintains sufficient liquid resources to meet regulatory requirements and manage liquidity risk - No purchase quantities, part numbers, or contract values are specified, as this is not a procurement opportunity

Description

This notice announces a proposed rule change filed by the National Securities Clearing Corporation (NSCC) to enhance its Supplemental Liquidity Deposit (SLD) rules, methodology, and processes. The changes aim to improve the accuracy of liquidity need projections, including intraday liquidity needs, and to refine the pro rata allocation of SLD obligations to reduce excess liquidity and funding burdens on NSCC members. The proposal also codifies member obligations to provide additional reports and information to support liquidity projections and clarifies the return process of SLD obligations. These enhancements are intended to ensure NSCC maintains sufficient liquid resources to meet regulatory requirements and manage liquidity risk effectively.

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