# 2026-19216: Clearinghouse Tweaks Cash Margin Interest Rules

2026-19216, Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Partial Amendment No. 1 and Order Granting Accelerated Approval of Proposed Rule Change as Modified by Partial Amendment No. 1, by the Options Clearing Corporation Concerning the Payment of Interest on Margin Cash, is a Federal Register notice from Securities and Exchange Commission published 2026-09-21; PRIA reads it as touching household money (as of 2026-09-28).

- Canonical: https://policyrisk.com/federal-register/2026-19216
- As of: 2026-09-28
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-19216
- Title: Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Partial Amendment No. 1 and Order Granting Accelerated Approval of Proposed Rule Change as Modified by Partial Amendment No. 1, by the Options Clearing Corporation Concerning the Payment of Interest on Margin Cash
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 59818
- Published: 2026-09-21
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-09-28

## In one line

Clearinghouse Tweaks Cash Margin Interest Rules

## Summary

The Options Clearing Corporation (OCC) is updating how it pays interest on cash that members put up as margin. This change helps manage risks and keeps things running smoothly for traders and clearing members. The new rules kick in quickly and aim to make sure everyone’s money is handled safely and fairly.

## Effects PRIA read

- OCC to pay interest on margin cash: benefit, medium. OCC will pay Clearing Members interest on all margin cash (except cash in X-M accounts) at a rate equal to the Federal Reserve's Interest on Reserve Balances (IORB) minus an administrative fee. OCC will calculate interest daily and pay it monthly.
- Securities customer cash may be held at FRB: benefit, medium. OCC will be allowed to deposit securities customer cash margin in its Federal Reserve Bank (FRB) account (subject to limited exclusions such as segregated futures accounts). The Commission states that FRB access can reduce custody risk and provide an additional custodian for customer cash.
- Cash management fee rises to 10 basis points: cost, medium. OCC will charge a 10-basis-point (0.10%) cash management fee on each Clearing Member's average daily cash balance (other than cash in X-M accounts). This replaces the current 5-basis-point (0.05%) fee on Clearing Member cash held in OCC's FRB account.
- FRB service fees can be covered by Clearing Fund or capital: cost, low. OCC may use a portion of Clearing Members' cash fees to pay FRB service charges (the FRB monthly service charge is approximately $3,000 per month). OCC would also be authorized to apply unpaid FRB service charges against the Minimum Capital Contribution and, if needed, use the Clearing Fund to sati…

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## Sources
- [2026-19216 on federalregister.gov](https://www.federalregister.gov/documents/2026/09/21/2026-19216/self-regulatory-organizations-the-options-clearing-corporation-notice-of-filing-of-partial-amendment)
- [2026-19216 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-09-21/pdf/2026-19216.pdf)

## Related
- [Previous: 2026-19215, Acknowledgement of Receipt of Notice of Registration as a National Securities E…](https://policyrisk.com/federal-register/2026-19215)
- [Next: 2026-19217, Draft Interim Staff Guidance: Material Compatibility for Non-Light Water-Reacto…](https://policyrisk.com/federal-register/2026-19217)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-19216 (as of 2026-09-28).