Ang mga Crypto ETF ay Nakaharap sa Zero Collateral Value Para sa Mga Pautang: Mas Mataas na Panganib Para sa Mga Namumuhunan?

　　DTCC To Assign Zero Collateral Value To Crypto

　　Notably, the DTCC has declared that Exchange-Traded Funds (ETFs) or other investment vehicles that include Bitcoin or other cryptocurrencies as underlying investments will not be assigned any collateral value for loans starting next Tuesday.

　　This means such assets will be subject to a 100% haircut, potentially increasing the risk for investors due to decreased liquidity. However, this move could also curtail Wall Streets leverage strategies.

　　The changes are part of the annual renewal of the line-of-credit facility and could impact the value of positions applied to the Collateral Monitor.

　　Other changes include an increase in the haircut value for corporate notes or bonds rated B1 to B3 from 50% to 70%, and the assignment of a 100% haircut to securities issued by an affiliate of any lender to the joint DTC and NSCC committed 364-day line-of-credit facility.

　　Securities will also receive a 100% haircut if they are matured if the issuer is bankrupt, or if the security hasnt been priced by an approved DTC pricing model or third-party vendor for 3 or more business days.