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SIFMA Submits Comment Letter to the SEC on FINRA Rule 4210

June 16, 2021

The SEC requested comments on FINRA Rule 4210 and June 15, 2021 was the last day for the comment period.

Yesterday SIFMA submitted its letter. 

Read the Comment Letter

Check out the link below to read the full comment letter on the SIFMA website:

SIFMA Broker Dealer Comment Letter on FINRA Rule 4210 - Margin Rules for Covered Agency Transactions

SIFMA submitted comments to the SEC in response to the request for comment on SR-FINRA-2021-010 – Notice of Filing of a Proposed Rule Change to Amend the Requirements for Covered Agency Transactions Under FINRA Rule 4210 (Margin Requirements) as Approved Pursuant to SR-FINRA-2015-036 (the “Proposal”).

What's Next?

It's time to get your plan in place for FINRA Rule 4210 compliance. In order to prevent major headaches and scrambling before the deadline, preparation now is key.

Matrix Applications has a solution for you. MarginCalculator is our simple simple, web-based platform for daily margining and solves the complex problem of margining forward-settling trades under FINRA Rule 4210, particularly TBAs, specified pools, ARMs and CMOs.

This utility calculates exposure reflecting market fluctuations versus margin collateral and cash posted to mitigate such exposures. Moreover, it aggregates counterparty exposure, trade totals, margin balances and other metrics to help financial institutions comply with FINRA Rule 4210. MarginCalculator makes it very easy to handle the 3 big C’s: 

  1. Compute
  2. Control
  3. Comply

The dedicated team at Matrix Applications will help your firm work smarter. Our effective on-site and remote training offerings, along with informative documentation, makes this compliance process simple. We know software just as well as the financial markets. And we are here to help.

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