New York/London/Hong Kong/Singapore/Sydney, January 7, 2026 - The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced it has received approval from the U.S. Securities and Exchange Commission (SEC) to offer the ACS Triparty Service within its existing Fixed Income Clearing Corporation’s (FICC’s) Agent Clearing Service (ACS) offering. FICC submitted the rule filing with the SEC to offer the ACS Triparty Service in September 2025.
With this approval, FICC can now offer cleared triparty repo capabilities to Agent Clearing Members and their Executing Firm Customers. Specifically, FICC’s Agent Clearing Members will be able to submit for clearing eligible triparty repo transactions executed between their Executing Firm Customers and either the Agent Clearing Member itself (“done-with”), or another Government Securities Division (GSD) Netting Member or its client (“done-away”). The ACS Triparty Service will be offered by FICC leveraging BNY’s (NYSE: BK), a global financial services company, Global Collateral infrastructure to support both “done-with” and “done-away” cleared triparty repo trades.
The ACS Triparty Service was developed to enable greater access to central clearing as the industry prepares for the SEC’s expanded U.S. Treasury clearing rules which take effect in December 2026 for cash and June 2027 for repo transactions. The service will provide unique benefits to Agent Clearing Members, including the potential for enhanced margin efficiency, reduced capital requirements and balance sheet relief.
In addition to the new ACS offering, FICC also announced that its Government Securities Division (GSD) reached a new overall peak volume of $13.2T on December 1, 2025, and on December 31, 2025, reached a new peak volume in buyside activity of $3.1T across its Sponsored and Agent Clearing Services.
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About DTCC
With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC’s subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.
About BNY
BNY is a global financial services company that helps make money work for the world — managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.