9:30 AM

Deadline for satisfaction of FICC EOD Clearing Fund deficiency call.

10:00 AM

Funds-only settlement debits and credits are executed via the Federal Reserve’s National Settlement Service.

12:00 PM

Netting Member deadline to either (1) initiate request to receive back excess cash or collateral from the A.M. Clearing Fund call, or (2) initiate request to substitute currently held Clearing Fund securities. All open positions and obligations will be recorded at this time and used in the computation of intraday Clearing Fund requirements and funds-only settlement.

2:00 PM

Time during which reports will be made available with respect to the intraday Clearing Fund requirements and funds-only settlement.

2:15 PM

Netting Member deadline to initiate request in the Clearing Fund Management system (CFM) to receive back excess Clearing Fund cash or collateral from intraday call.

2:45 PM

Deadline for satisfaction of a FICC Intraday Clearing Fund deficiency call (P.M. Clearing Fund call).*

3:15 PM

Intra-day funds-only settlement debits and credits are executed via the Federal Reserve’s National Settlement Service for Netting Members.

Note: FICC may require a Netting Member to make an additional amount (referred to in the Rules as the Member’s “Intraday
Supplemental Fund Deposit”) to its Required Fund Deposit within deadlines established by FICC. Firms will be notified and will be given an hour from the time of communication to fulfill margin call.  

*This deadline may be extended by FICC on days on which there are operational or systems difficulties that would reasonably prevent members from satisfying the deadline.

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