Search Results for keywords:"repurchase agreements"

Found 2 results

Search Results: keywords:"repurchase agreements"

💰 Only

Oldest Newest

2025-07033 — CME Securities Clearing, Inc.; Order Instituting Proceedings To Determine Whether To Grant or Deny an Application for Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
April 24, 2025
Type:Notice
Citation:90 FR 17269
Reading Time:about 24 minutes
CME Securities Clearing, Inc. (CMESC) submitted an application to the Securities and Exchange Commission (SEC) to become a registered clearing agency. The SEC is assessing whether CMESC meets the legal and regulatory standards under the Securities Exchange Act of 1934. CMESC plans to offer clearing services for U.S. Treasury securities and repurchase agreements, and it is fully owned by CME Group, Inc. The public is invited to provide comments and data regarding the application, as the SEC considers whether to approve or deny CMESC’s registration.
Simple Explanation
CME Securities Clearing wants to help manage and sort through trading of U.S. Treasury bonds, but first, the important group that checks on these things is looking to see if they follow the rules. They're asking people to share their thoughts on whether CME is ready to do this job.
2021-01587 — Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Approving Proposed Rule Change To Include Same-Day Settling Trades in the Risk Management, Novation, Guarantee, and Settlement Services of the Government Securities Division's Delivery-Versus-Payment Service, and Make Other Changes
💰
January 26, 2021
Type:Notice
Citation:86 FR 7159
Reading Time:about 28 minutes
In a recent decision, the Securities and Exchange Commission (SEC) approved a rule change for the Fixed Income Clearing Corporation (FICC). This amendment allows FICC to manage same-day settling repurchase agreements (repos), improving the efficiency of securities transactions by centralizing settlement processes. The change includes two new services: the Same-Day Settling Service, which allows for both legs of repos to settle under FICC's watch, reducing the risk of settlement failures, and the Pair-Off Service, which helps settle failed trades on the same day they occur, decreasing overnight risk for members. This update aims to streamline the settlement of securities transactions and minimize risks associated with settlements.
Simple Explanation
The SEC has approved a change that lets a company called FICC handle money deals faster on the same day to make things run smoother and safer. This helps to stop problems if trades don't go as planned because FICC takes care of everything right away.

Showing 1 to 2 of 2 results