DTCC has issued a statement in light of the recent amendments introduced by the Securities and Exchange Commission (SEC), set to significantly impact the U.S. Treasury clearing.
DTCC mentioned that it is taking the requisite measures to align with these amendments. The organization aims to facilitate discussions, offer guidance, and disseminate information vital for market participants navigating these changes.
These amendments bring forth added regulatory clarity, outlining extensive clearing requirements and defining implementation timelines. The implications of these rulings are poised to shape the future of the U.S. Treasury cash and repo markets, obligating a substantial portion of secondary market transactions to be centrally cleared by specified deadlines.
Expect ongoing updates as this story evolves…
