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Risk and Resiliency Benefits of Central Clearing

By DTCC Connection Staff | May 6, 2019

Central Clearing In The U.S. Treasury Cash Market

DTCC has issued a new white paper that explores the current structure of the U.S. Treasury securities market, highlighting potential risk and resiliency issues of bilateral clearing and describing initiatives that DTCC is exploring to promote greater use of central clearing.

The new white paper, Central Clearing In The U.S. Treasury Cash Market:

  • Draws on recent reports from the U.S. Department of the Treasury and the Federal Reserve Board’s Treasury Market Practice Group on the structural transformation now underway.
  • Describes both implemented and planned initiatives will promote the growth of central clearing, including FICC’s Sponsored Membership Program and the Centrally Cleared Institutional Triparty (CCIT) Service.
  • Explores several proposals to continue to support the growth of central clearing activity in the industry.