DTCC set to cut US Treasury clearing fees
Revised fee structure could prompt more firms to participate in clearing
The Depository Trust & Clearing Corporation is looking to simplify and lower its fee structure, to encourage more firms to voluntarily clear US Treasuries.
“We want to look at reducing the complexity of the model,” said Jim Hraska, general manager of the Fixed Income Clearing Corporation (FICC), a subsidiary of the DTCC and the sole central counterparty (CCP) for US Treasuries. “We will be
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