Treasury Clearing

The SEC adopted amendments to the Treasury clearing rules in December 2023 to require eligible secondary Treasury market transactions to be centrally cleared.  Treasury clearing is to become effective by:

• December 31, 2026, for cash market transactions.
• June 30, 2027, for repo transactions.

We assist clients in preparing for compliance with the SEC’s U.S. Treasury clearing requirements, including the negotiation and implementation of required documentation. Our attorneys participate in key industry working groups focused on the development of standard forms and market practice. We work closely with clients to develop a roadmap for compliance that reflects their business model and operational structure, ensuring readiness ahead of regulatory deadlines.

• SEC Extends Treasury Clearing Compliance Dates