FICC’s Klimpel on ironing out the kinks in UST clearing
Focus shifts to margin efficiency and capital treatment of cleared trades
When the US Securities and Exchange Commission (SEC) voted in February to delay the deadlines for its US Treasury clearing mandate by a year, the fear was that it could break – or even reverse – the momentum that was building around the reforms.
If anything, the opposite seems to have happened.
The Fixed Income Clearing Corporation, currently the only central counterparty (CCP) for US Treasury
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