U.S. Treasury Clearing: How to prepare for the transformation
Fixed income leaders discuss the latest developments in U.S. Treasury clearing ahead of the December 31, 2026, deadline for centrally clearing cash securities.
May 28, 2026
Mandatory central clearing of cash U.S. Treasury transactions is set to begin on December 31, 2026, with U.S. Treasury repo transactions to follow on June 30, 2027.
Ahead of one of the most significant structural changes to the U.S. government bond market in decades, market participants are adapting their workflows, weighing how they want to clear and selecting the central counterparties (CCPs) they’ll clear through.
In this virtual discussion jointly hosted by ICE and Risk.net, thought leaders in fixed income analyze the various clearing models under development at different CCPs, the interplay between margin efficiency and diversification across clearing houses, and the lessons the Treasury market can learn from the Dodd-Frank derivatives clearing mandates.
U.S. Treasury Clearing: How to prepare for the transformation
Speakers
• Stan Ivanov, President, ICE Clear Credit
• Oscar Rodriguez, Director, Futures and Derivatives Clearing Markets, Citi
• Nate Wuerffel, Global Head of Market Structure, Head of Product, Global Collateral, BNY
• Moderator: Sakshi Sharma, News Editor, Risk.net
Want to learn more about clearing U.S. Treasuries with ICE Clear Credit?
Related resources
- Learn moreICE Clear Credit U.S. Treasury Clearing Services
ICE to provide a robust and capital efficient clearing solution, which will bring competition to the U.S. Treasury cash and repo markets.
- Learn moreICE Clear Credit
The world's first CDS clearinghouse.
- Read moreICE Clear Credit’s Treasury Clearing Service Receives SEC Approval
Operationally live service brings ICE clearing model to Treasury markets while preparing for launch of repo clearing.