GCF Repo® Service

Trade general collateral repos with greater speed, flexibility and confidence. GCF Repo® enables continuous intraday trading, centralized clearing and balance sheet efficiency,without trade-by-trade settlement.
Contact Us

GCF Repo® Service

Streamlining Repo Trading and Funding

Managing repo funding can be complex, requiring collateral negotiation, trade-by-trade settlement and constant operational coordination. GCF Repo® removes these barriers by enabling intraday trading of general collateral repos based on rate, term,and asset type, without requiring settlement for each transaction. 
 
Trades are executed anonymously through approved brokers, centrally cleared and guaranteed by FICC, and settled through a tri-party model. By allowing participants to allocate specific securities after end-of-day netting, the service simplifies workflows while improving liquidity access and operational efficiency. 

Key Features & Benefits

Continuous Intraday Trading

Trade throughout the day using standardized general collateral, allowing participants to respond to funding needs and market changes without operational delays.

Simplified Collateral Management

Eliminate trade-by-trade collateral allocation by assigning securities after netting—reducing manual effort and improving efficiency.

Central Clearing and Risk Reduction

All transactions are novated to FICC, which becomes the counterparty and guarantees settlement, helping reduce credit exposure.

Balance Sheet Efficiency Through Netting

Multilateral netting consolidates positions into a single obligation, improving capital efficiency and reducing exposures.

Operational Transparency

Access trade and position data throughout the day, enabling better visibility into funding activity and risk.

Efficient Tri-Party Settlement

Leverage a tri-party structure where a clearing bank facilitates the movement of cash and collateral, streamlining settlement operations.

Related Resources