Resources to help you meet US Treasury clearing requirements
Expanded clearing requirements for US Treasury (UST) cash and repo transactions are designed to reduce systemic risk and improve market transparency. Getting ahead of rolling compliance dates can help ensure a smooth transition.
Though the mandate will result in operational changes for impacted entities, it also creates new opportunities.
Cash investors can earn a competitive short-term rate on cash by:
- Investing cash at the negotiated rate and receiving UST securities as collateral
- Receiving principal cash and interest at trade unwind
Additionally, cash borrowers can finance UST securities and unlock short-term cash to fund broader strategies by:
- Borrowing cash and delivering UST securities as collateral
- Delivering principal cash and interest at trade unwind; receiving back collateral
- Sourcing UST securities to cover short positions
Explore our array of resources to understand how you can better prepare for the expanded SEC clearing rules and ensure your UST and repo trades are aligned with upcoming requirements.
Featured solutions
Our offering provides a highly liquid outlet to raise cash against treasuries, providing liquidity to bridge funding gaps. Sponsored member repo allows buy-side firms to unlock the benefits of centrally cleared repo (competitive rates, high liquidity, reduced counterparty credit risk) without having to satisfy the obligations of a direct clearing member.
Our integrated approach — spanning agency lending, prime services and secured financing — offers a flexible, end-to-end toolkit tailored to meet the demands of central clearing, whether clients are seeking yield enhancement, custody-based financing or access to cleared repo through FICC’s sponsored and agent models.
Our front-to-back platform harmonizes your data, technology and services for consistent workflows and holistic views of your investment process.
More resources
Have questions? We have answers.
We’ve curated a central repository with answers to your most frequently asked questions about the clearing mandate for US Treasuries and what it means for your operations.
The State Street difference
Our clearing solutions are built on a trusted, long-standing partnership with the FICC, dating back to the launch of the first cleared repo offering in 2005. With deep market-making liquidity — even during critical month- and quarter-end periods — we provide reliable access and global support through dedicated trading and relationship management teams. By managing custodial, infrastructure and trade processing activities, we deliver simplicity and efficiency to your operations.
Our industry awards
Recognizing our leadership and commitment to excellence, Securities Finance Times named State Street the No. 1 servicer in three categories at its Industry Excellence Awards 2025:
- Americas Lender of the Year
- Americas Repo Team of the Year
- Client Services Team of the Year
