U.S. Treasury Clearing: The Countdown to Compliance | DTCC
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The stakes are real, and the clock is ticking

With the first stage of the SEC’s U.S. Treasury clearing mandate for eligible cash market transactions coming into effect on 31 December 2026, and the repo deadline of 30 June 2027 approaching, the industry is entering a critical phase of preparation as firms work to implement the changes required for central clearing.

This webinar, hosted by The Trade with experts from DTCC Consulting, Janus Henderson Investors, Saphyre and State Street, explores readiness gaps, global perspectives and key priorities for a smooth transition.

Hear from:

Neal Rayner Neal Rayner at Janus Henderson Investors

Jim Hraska Jim Hraska from DTCC Consulting

Darren Wilson Darren Wilson at State Street

Gabino Roche Gabino Roche from Saphyre

Natasha Cocksedge Hosted by Natasha Cocksedge from The Trade

Don’t delay, prepare now

The mandate is expected to reshape market structure, driving long-term efficiency, resilience and broader adoption of cleared trading.

While adoption is accelerating, significant operational, legal, and technological work remains, particularly around onboarding, documentation and access models.

Watch this session as our expert panel stress the importance of early action – finalizing access models, completing documentation and aligning internal teams – to ensure timely compliance.

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Adapting to a surge in adoption and clearing volumes

DTCC Consulting’s Jim Hraska notes that while U.S. Treasury clearing volumes are rising post-mandate – driven by strong U.S. adoption – uptake in Europe and APAC has been slower amid regulatory uncertainty.

2 min view

How the mandate is driving adoption

State Street’s Darren Wilson says mandates are accelerating adoption – expanding participation, driving innovation and boosting cleared trading activity beyond organic growth.

1 min view

How central clearing strengthens markets in times of stress

Janus Henderson’s Neal Rayner says clearing adds cost but improves stability, offering resilient, rule-based protection in stress superior to complex bilateral exposures seen in 2008.

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The challenge of operational readiness

Saphyre’s Gabino Roche highlights operational readiness as the key challenge, requiring seamless implementation so clearing remains invisible to front-office users without disrupting trading workflows.

Industry focus is quickly shifting from awareness to action as the U.S. Treasury clearing deadline approaches. Jim Hraska, DTCC Consulting

How we can help

Are you ready for expanded U.S. Treasury clearing?

We’re helping firms navigate post-trade complexitities, adopt new clearing practices and build for what’s next.

Determining your optimal clearing model

The path to compliance will look different for every firm, shaped by business model, existing infrastructure and risk appetite.

Are you T+1 ready?

We’re helping firms navigate the complexities of transitioning to T+1 across diverse European markets and build for what’s next

Preparing fo the U.S. Treasuring clearing shift?

Let’s discuss how DTCC Consulting can help you navigate post-trade complexity and successfully comply with expanded U.S. Treasury clearing requirements.

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