NSCC Simplifies Fees for Late Trade Settlements
Published Date: 9/16/2025
Notice
Summary
The National Securities Clearing Corporation (NSCC) is changing how it charges fees when members don’t settle their short trades on time. They’re stopping fees on long trades, dropping a complicated credit risk rating from the fee formula, and charging based on how long the short trade remains unsettled. These updates affect NSCC members and aim to make the fee system simpler and fairer, starting once the rule is approved.
No Economic Impacts Identified for this Document
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