The Fixed Income Clearing Corp. (FICC) has launched its Collateral-in-Lieu (CIL) service via the Sponsored General Collateral (GC) offering of BNY’s Global Collateral Platform, which introduces a way to clear repo transactions that is margin and capital-efficient, officials say. BNY Securities Finance and Federated Hermes, Inc. have executed the first repo trade on the new… Read More >>
SEC Approves CME Group’s New Clearing House
The U.S. Securities and Exchange Commission (SEC) has greenlit the registration of a new securities clearing house, CME Securities Clearing Inc. (CMESC), intended to help trading market participants meet the SEC clearing mandate for U.S. Treasury transactions, which takes effect at the end of next year, according to CME Group, the derivatives exchanges company that… Read More >>
SEC Tackles Big Questions About U.S. Treasury Clearing
For nearly everything that broker-dealers and other market participants want to know about the clearing of U.S. Treasury securities, officials at the Division of Trading and Markets of the Securities and Exchange Commission (SEC) have compiled a set of Frequently Asked Questions (FAQs). The level of interest in the clearing of U.S. Treasuries is peaking… Read More >>
Sifma & Arteria AI Take On U.S. Treasury Clearing
It’s fascinating when solutions based on artificial intelligence (A.I.) can transform a manual process into something that is not only automated but completely redesigned. As many of you know, the Securities and Exchange Commission (SEC) is requiring the centralized clearing of U.S. Treasury securities repurchase transactions, with the first compliance deadline being Dec. 31, 2026,… Read More >>
