IIF Authors

Status: Will be live at 06/24/2024 11:00

GRU Podcast: Discussing the SEC’s Central Clearing Rule for Secondary US Treasury Cash and Repo Transactions


In this episode of the IIF Global Regulatory Update podcast, we host Lauren E. Semrad, a Partner at Cleary Gottlieb Steen & Hamilton, to provide an overview of and discuss the new Securities and Exchange Commission (SEC) central clearing rule for secondary UST cash and repo transactions.

The episode begins with Lauren providing an overview of the new SEC rule, centered around key implementation considerations for Fixed Income Clearing Corporation (FICC) clearing members and other market participants. Mary Frances and Lauren then discuss a number of topics surrounding the new rule, including expected changes to the FICC Rulebook, market implications both domestically and internationally, and challenges related to done-away trades.