Accounting Treatment for UST Repo Transactions Cleared Through FICC

SIFMA’s Accounting Committee Working Group has completed its review of FICC’s Agent Clearing Service model, and has consulted with the Staff ofthe SEC’s Office of the Chief Accountant regarding its conclusionson certain accounting questions that arose from the model. Both the Working Group’s conclusions and the concluding correspondence with the SEC Staff is available here.

SIFMA and its affiliates are not engaged in the business of providing accounting, tax, legal or regulatory advice. Clients should always consult with their independent internal and external advisors before entering into any investment, funding or risk management transactions.

See Also:
Press Release: SIFMA Statement on Accounting Matters Related to Treasury Clearing (September 11, 2025)