Repo and Reverse Repo Agreements FEDERAL RESERVE BANK of NEW YORK
Cleared repo is a specific form of tri-party repo in which an approved member of the Fixed Income Clearing Corporation (FICC) sponsors a non-dealer counterparty to transact on the FICC’s cleared repo platform. This platform settles trades through the Delivery Versus Payment settlement process, a method which permits the transfer of securities only after payment is […]
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