#Could BTC break the $60K-$70K range soon? Effective April 30, 2024, as part of the annual credit limit extension, DTCC will implement the following changes to change the Collateral Value of certain securities, which may affect the value of positions applicable to Monitor Collateral, according to documents issued by DTCC (American Depository Trust and Settlement Corporation):



1. Collateral valuation of corporate notes or bonds rated B1 to B3 will be increased from 50% to 70%;

2. Any ETF or other investment vehicles that includes Bitcoin or other Crypto Assets as a base investment will not be given Collateral Value and will therefore be subject to a 100% deduction.
BTC-1,74%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)