August 11, 2021
If this rule is implemented and the NSCC moves forward with the SFT for members who may be on the brink of defaulting, i ask that the loans that will be given out to these members to close their over leveraged positions be used strictly for that reason. I believe that if these loans are used for any purpose other that like to continue to over leverage and open more short positions, this will put the entire market at even more risk. Please consider making this a mandatory stipulation for the SFT/loans. Thank you.