DTCC’s $74 billion liquidity charge riles members

Some firms may stop clearing US Treasury trades if the CCLF is implemented

A man running for the exit

A proposal from the Depository Trust & Clearing Corporation (DTCC) that would require its members to contribute to a $74 billion liquidity facility could force several US Treasury market participants out of the clearing house.

The government securities division of the Fixed Income Clearing Corporation (FICC) – a subsidiary of the DTCC and the sole central counterparty for US Treasury trades and repos – wants to establish a so-called capped contingent liquidity facility (CCLF) to comply with new

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: