Buy side still prefers bilateral repo despite LCH margin update
New model will cut margin faster after stresses abate, but costs still high for directional trades
Source: risk.net
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New model will cut margin faster after stresses abate, but costs still high for directional trades
“Client clearing for Treasuries doesn’t really exist,” says Barclays exec, while DTCC points to gaps in market awareness
Standardised docs a drop in the ocean as dealers eye potential costs of sponsored Treasuries clearing
Non-banks warn all-to-all trading relies on requiring dealers to accept ‘done away’ trades
Former Fed adviser welcomes long-advocated Treasuries clearing mandate