DTCC: Starting April 30, companies will no longer be able to use cryptocurrency investment tools as collateral
2024-04-27 01:03:21
Odaily News According to a document released by DTCC, starting April 30, 2024, as part of the annual credit line renewal, DTCC will implement the following changes to modify the collateral value of certain securities, which may affect the position value applicable to the Collateral Monitor: 1. The collateral valuation of corporate notes or bonds rated B1 to B3 will be increased from 50% to 70%; 2. Any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as an underlying investment will not be given a collateral value and will therefore be subject to a 100% deduction.
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