Subject: SR-NSCC-2021-801 comment
From: Sriram Chandrasekhar
Affiliation:

Apr. 09, 2021

 



To whom it may concern, 



Subject: On the deliberation of rule SR-NSCC-2021-801 


I would like to record my support for the NSCC to 
- assess the risk of members on a daily basis 
- demand a higher Secondary Liquidity Deposit (SLD) on a daily basis if a member risks defaulting 


It is a necessary rule for oversight on the risk level taken on by members unilaterally. 



I also support optionality for the DTCC to liquidate a member’s positions if those positions jeopardize the NSCC’s ability to complete that day’s trades. 



I also support the reduced time for members reporting in. 


Thank you, 
Sriram Chandrasekhar