Sponsored DVP service offers eligible clients the ability to lend cash or eligible collateral via FICC-cleared DVP repo transactions in U.S. Treasury and Agency Securities on an overnight and term basis, as well as outright purchases and sales of such securities, to be settled on a Delivery-vs-Payment basis.
Eligible securities types include:
- U.S. Treasury Bills, Bonds and Notes
- U.S. Treasury Inflation Protected Securities (TIPS)
- U.S. Treasury STRIPS
- Non-Mortgage-Backed Agency Securities
- Floating Rate Notes (FRNs)
Sponsoring Members, at their discretion, have the ability to let their clients trade with counterparties other than themselves, providing Sponsored Members with the same execution flexibility they have in the bilateral market today.