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The Netting and Settlement service of FICC’s Government Securities Division (GSD) provides centralized, automated clearance and guaranteed settlement of eligible U.S. Treasury bills, notes, bonds, strips and book-entry non-mortgage-backed agency securities. As part of its GCF Repo® service, GSD also processes transactions involving certain mortgage-backed securities.

Through netting, the GSD establishes a single net long or short position for each participant’s daily trading activity in a given security, including all cash buy/sell, repo/reverse and U.S. Treasury auction purchases. The participant’s net position is the difference between all long and all short positions in a given security.

 

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DTCC Learning

Helping Clients Optimize DTCC Services Every Day

DTCC Learning offers comprehensive, fast-track training for DTCC customers of financial services organizations who are looking to expand their expertise and abilities in using the post-trade processing products and services provided by DTCC’s subsidiaries.

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