Thursday, April 29, 2021
On March 8, 2021, the Depository Trust Company (“DTC”), the Fixed Income Clearing Corporation (“FICC”), and the National Securities Clearing Corporation (“NSCC”) (each a “Clearing Agency” and collectively the “Clearing Agencies”) filed with the U.S. Securities and Exchange Commission (“SEC”) a proposal to amend the investment policy for each Clearing Agency. The Clearing Agencies investment policy is regulated by the SEC pursuant to Rule 19-4 adopted under Section 19(b)(1) of the Securities Exchange Act of 1934, as amended. The proposal was published in the Federal Register on March 16, 2021. No comments were received, so on April 16, 2021, the SEC approved the proposed policy change.
/PRNewswire/ CME Group Inc. (NASDAQ: CME) today reported financial results for the first quarter of 2021. The company reported revenue of $1.3 billion and.
FICC Sponsored Cleared Repo Now Available via BNY Mellon s LiquidityDirect
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NEW YORK, April 15, 2021 /PRNewswire/ Institutional clients are now able to seamlessly invest cash in cleared repo through LiquidityDirect
sm, BNY Mellon s market-leading short-end investment portal.
The addition of cleared repo represents the next step in BNY Mellon s continuing plans to enhance the LiquidityDirect platform and its services to enable clients to invest in a wide variety of short-end investment products.
Cleared repo through the Fixed Income Clearing Corporation (FICC) has emerged as an important short-term investment option for liquidity providers, particularly since 2017 when changes in entry requirements increased the community of investors eligible to utilize the product, many of whom use LiquidityDirect today.
One FICC member paid record $102bn to cover dues in Q4 risk.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from risk.net Daily Mail and Mail on Sunday newspapers.
Changing Interests reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.