Subject: SR-NSCC-2021-801
From: Steven Wolf
Affiliation:

Apr. 09, 2021

 


Good Afternoon, 


I am writing in regards to File.No. SR-NSCC-2021-801 that the Securities and Exchange Commission will consider adopting this proposal that will allow the National Securities Clearing Corporation (NSCC)to implement the following rules changes:   


1. Calculate and collect supplemental liquidity deposits to the NSCC's Clearing Fund on a daily basis 
2. Establish a daily and sometimes intraday Supplemental Liquidity Deposit (SLD ) obligation 
3. Implement a proportional calculation of a member's SLD obligation,  
4. Simplification of calculations, collections and treatment of the SLD of members.  




In order to allow the National Securities Clearing Corporation to strengthen its liquidity risk management strategy and mitigate their risk, I urge you to allow the proposed rules to be changed.  


Thank you for your consideration on this important matter.  


-Steven Wolf