Recently, the US Securities & Exchange Commission mandated the clearing of certain treasuries and repos. The countdown to meet this mandate by 2026 has begun – and many participants in the cleared derivatives markets are making plans to deliver these new services.
Join us on 15 October in New York for a half-day forum that explores the types of clearing models being developed by clearinghouses. We’ll also discuss the practical implications of treasury clearing and how firms should prepare for these changes.
Online registration is closed. If you are interested in attending this forum, please add yourself to the waitlist. If space becomes available, FIA will contact you to complete your registration.
1:00 p.m. - 5:30 p.m.
Registration Open
1:45 p.m. – 2:00 p.m.
Opening Remarks
Speaker:
Walt Lukken, President and CEO, FIA
2:00 p.m. – 2:20 p.m.
Keynote Address: Michelle Neal, Head of the Markets Group, Federal Reserve Bank of New York
The address will focus on the benefits of expanding central clearing and some considerations to take into account when implementing the SEC’s central clearing rule. In particular, the remarks will discuss how clearing reduces counterparty risk, reduces settlement flows and fails, and establishes consistent and robust risk management practices for clearing. Regarding implementing the mandate, the remarks will cover topics such as client clearing access models, margin practices, and the possibility of multiple central counterparty entrants to the U.S. Treasury market.
2:20 p.m. – 3:05 p.m.
New Models for Treasury and Repo Clearing
This panel will feature presentations from clearinghouse executives on their offerings for Treasury and repo clearing, followed by a question-and-answer session to compare and contrast key features such as account structures and margin offsets.
Moderator:
Speakers:
3:05 p.m. – 3:30 p.m.
Networking Break
3:30 p.m. – 4:20 p.m.
Capacity and Structural Needs for Clearing Success
As new clearing models come into focus, market participants are exploring the potential for agency clearing in the Treasury market. Many questions remain about the pros and cons of the agency model relative to sponsored and direct models, how much capacity banks have for clearing, how limits can be managed across multiple venues, and whether porting and position transfer functionality will be available by the deadlines. Our expert panel will discuss what efforts are underway and what issues remain unsolved.
Moderator:
Speakers:
4:20 p.m. – 5:10 p.m.
Treasury Clearing: The Customer Perspective
Asset managers, hedge funds and principal trading firms will all be affected by the clearing mandate, but each type of market participant will have different needs and operational challenges as they comply with the mandate. A variety of buyside participants will explore what obstacles and opportunities they see ahead.
Moderator:
Speakers:
5:10 p.m. – 5:15 p.m.
Closing Remarks
Speaker:
Walt Lukken, President and CEO, FIA
5:15 p.m. – 6:45 p.m.
Networking Reception
6:45 p.m.
Forum Concludes
FIA Member | $100 |
Non Member | $150 |
Government/Regulator | $50 |
This event is closed to press.
For group registrations, please contact memberservices@fia.org.
If you have issues registering, please contact memberservices@fia.org.
BNP Paribas Tower
787 7th Ave
9th Floor
New York, NY 10019
Cancellations/Substitutions
Notice of cancellations must be received in writing on or before October 1, 2024, and will be subject to a $50 administrative fee. No refunds will be processed after August 27, 2024. Substitutions / registration transfers may be made at any time without penalty. Please contact Member Services for cancellations or substitutions assistance.
COVID Protocols
FIA takes the health and wellbeing of event attendees and staff seriously. We ask that you do not travel to or attend the event if you have tested positive for Covid or have experienced any Covid symptoms in the last five days before the event. If you develop Covid symptoms or test positive for Covid during the event, we ask that you leave the event venue as soon as possible.
We encourage attendees to follow good hygiene practices, such as using hand sanitizer, which will be made available throughout the event venue, and washing hands regularly.
If you have questions regarding this policy, please contact memberservices@fia.org.
Privacy Policy
FIA enforces robust policies to safeguard the personal information that is entrusted to us by FIA event registrants and the broader FIA community. We encourage you to review our Privacy Statement. There are a few aspects of our privacy policies that we would like to highlight in connection with the event.
FIA maintains delegate lists for each of our events. The delegate lists contain the name, title, firm and/or office location of the event registrants. FIA may share the delegate list with current or prospective attendees, sponsors, and/or exhibitors, including through our mobile event app, as applicable. Typically we find that attendees want to be included on the delegate list to realize the full networking benefits of our events. If you registered on our website for the event, you were prompted to indicate whether you wanted to be included on the delegate list. If another person registered you for the event – for example, through FIA’s group registration process – FIA prompted that person to indicate whether to include you on the delegate list. We only include individuals on the delegate list where an affirmative indication has been made. You may contact us to check whether you are included on the delegate list and/or change your preference.
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Filming, Videotaping and Recording Policy
No portion of this event may be filmed, videotaped or otherwise recorded for posting or distribution without prior authorization from FIA. Further, by registering for this program, you consent to FIA’s use, reproduction, editing, publishing and distribution of any photographs, videos and other recordings that FIA or its designated photographer may take of registrants and attendees during the program.
This event is closed to the press.
Please read FIA’s Media Policy for further information: https://www.fia.org/fia/articles/fia-media-policy