DTCC: As of April 30, cryptocurrency investment tools will no longer be used as collateral

ChainCatcher message, according to a document released by DTCC (Depository Trust & Clearing Corporation), starting from April 30, 2024, as part of the annual credit limit 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 for corporate notes or bonds rated B1 to B3 will be increased from 50% to 70%;
2. Any ETF or other investment vehicles that include Bitcoin or any other cryptocurrency as a base investment will not be given collateral value and will therefore be subject to a 100% deduction.