Assess the impact on your trading, risk, compliance, and operations functions

The SEC’s Final Rule: U.S. Treasury Securities Central Clearing mandates central clearing of certain U.S. Treasury Cash and Repurchase Agreement (Repo) transactions. Significant structural changes to the U.S. Treasury Securities Market are on the horizon, impacting both buy-side and sell-side institutions.

The Final Rule requires direct participants of a Covered Clearing Agency (CCA) to submit eligible secondary market Cash and Repo transactions for central clearing. This includes:

• All Repo and Reverse Repo with a direct participant of a CCA.
• All purchases and sales occurring over interdealer brokers.
• All purchases and sales between a direct participant of a CCA and a registered broker-dealer, a government securities broker, or a government securities dealer.

Read the full whitepaper for critical insights, including how to prioritize changes to your business functions and to take a phased approach to successful implementation.

Build risk resilience and digital agility

“Given the vital role the UST Repo market plays in short-term global dollar financing, it’s important banks and broker-dealers carefully consider the new regulatory requirements and their resulting challenges to allow sufficient time for implementation. CrossCountry Consulting’s Banking & Capital Markets offerings have helped market participants with the most critical transformations driven by regulatory and business change.”

– Mike Pugliese, National Financial Services Lead

Access the whitepaper