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DTCC’s FICC Proposes New Triparty Repo Clearing Service to Enhance Market Liquidity
DTCC’s FICC Proposes New Triparty Repo Clearing Service to Enhance Market Liquidity
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BTCCSquare news:
The Depository Trust & Clearing Corporation's Fixed Income Clearing Corporation has filed with the SEC to introduce an ACS Triparty Service, expanding its cleared repo offerings. The new service WOULD allow Agent Clearing Members to submit eligible triparty repo transactions for central clearing, potentially improving margin efficiency and reducing capital requirements.
By facilitating greater access to central clearing, the proposal aims to increase market capacity and liquidity while mitigating systemic risk. The SEC will open a public comment period upon the filing's publication in the Federal Register.
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