a detailed overview of the flows involved in the secondary U.S. treasury market
Why is central clearing done with both BNYM and FICC? I don't understand why both of these 'third' parties are required in 'tri(quad)party' GCF repos.
they are the only firms with adequate infrastructure to offer central clearing for repos
this could change soon though
other firms have expressed interest
Why is central clearing done with both BNYM and FICC? I don't understand why both of these 'third' parties are required in 'tri(quad)party' GCF repos.
they are the only firms with adequate infrastructure to offer central clearing for repos
this could change soon though
other firms have expressed interest