Enhanced Liquidity
Enables eligible institutional firms to participate more actively in the repo market compared to bilateral trading environments.
Sponsored General Collateral (GC) Service
Extending Central Clearing to General Collateral Repo
The Sponsored General Collateral (GC) Service enables Sponsoring Members to extend clearing access to their Sponsored Members for general collateral (GC) repo transactions, including term repo, across the same asset classes eligible in FICC’s GCF Repo® Service.
Transactions settle on BNY’s tri-party repo platform in a manner consistent with existing tri-party processing, supporting a seamless transition from bilateral to centrally cleared repo.
Key Features & Benefits
Expanded Collateral Eligibility
Supports a broader range of collateral, including U.S. Treasuries, agency MBS and agency debentures, aligning with GCF Repo® eligibility.
Seamless Integration
Leverages BNY’s tri-party platform, minimizing operational change and simplifying adoption of central clearing.
Broad Participant Access
Available to legal entities in FICC-approved jurisdictions that meet Qualified Institutional Buyer (QIB) requirements and partner with a Sponsoring Member.
Related Resources
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Important GSD Documents
This centralized resource page provides direct access to essential materials about FICC’s GSD business.
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12 Months Volume for Government Securities
Aggregate transaction volume cleared through the Government Securities Division (GSD) over the past 12 months.
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DTCCLearning
DTCCLearning provides access to training materials, educational resources and documentation designed to help users understand DTCC products, services and operational processes.
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Reference Documentation
Explore important notices, regulatory rule filings, bylaws, risk management information and operational requirements from DTCC and its clearing agencies.