On Dec. 10, FICC reported capped contingency liquidity facility reset.
FICC issued a capped contingency liquidity facility (CCLF) reset for clearing members.
Mortgage-Backed Securities Division (MBSD) will reset defined capped liquidity amount
CCLF Cap will be reset, reflecting a look-back period of Jan. 1, 2024 to Dec. 31, 2024.
MBSD Reset Reminder
CCLF reset for clearing members that selected Option 1 or 2 on the officer’s certificate.
Clearing Members that selected Option 3 on the officers certificate will continue to have their CCLF Cap reset on a monthly basis; provided definitions for all options.
Reminded that each clearing Member has certified in its respective officer’s certificate that its CCLF cap will be incorporated into such clearing member’s liquidity planning.
On a daily basis each clearing members' CCLF cap is available in the report section.
Must track its settlement activities that generate a liquidity need across all trading desks and will notify FICC of anticipated significant changes in such activity.
Effectiveness
Reset implemented on Jan. 1, 2025; new CCLF Cap will be effective as of Jan. 1, 2025.
