OSC Staff Notice of Request for Comment – Proposed Additional Amendments to the Rules, Operations Manual, Risk Manual and Default Manual of the CDCC on the Gross Client Margin (GCM) Model Initiative – Canadian Derivatives Clearing Corporation (CDCC)

 
The Ontario Securities Commission is publishing for public comment the proposed additional amendments to the CDCC Rules, Operations Manual, Risk Manual and Default Manual on the GCM Model initiative.

The purpose of the proposed amendments is to clarify the proposal of introducing the GCM Model made on July 5, 2021 by presenting in more detail its proposed default waterfall resource impacts, default management, portability procedures and other operational details.

The comment period ends on December 15, 2021.

A copy of the CDCC Notice is published on our website at https://www.osc.ca.