Foresight News reports that according to the SEC website, the Options Clearing Corporation (OCC) has proposed implementing “Specific Wrong-Way Risk” (SWWR) controls for spot cryptocurrency ETP positions held by clearing members or their affiliates acting as custodians. In such cases, the related fund shares and option valuations will be set to zero to reduce credit exposure caused by crypto asset custody risks. Additionally, OCC plans to stop accepting letters of credit and GSE debt securities as eligible collateral.
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