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Treasury Market Practices Group Updates its Fails Charge Practice Recommendations

The Treasury Market Practices Group (TMPG) is releasing an updated version of the group's Frequently Asked Questions: TMPG Fails Charges to clarify two issues: (1) TMPG fails charge recommendations apply to U.S. Treasury, agency debt and agency mortgage-backed securities transactions settling outside the United States, and (2) TMPG fails charge recommendations do apply to transactions in agency commercial mortgage-backed securities.

Treasury Market Practices Group Updates its Fails Charge Practice Recommendations pdf October 19, 2020

Frequently Asked Questions: TMPG Fails Charges pdf October 19, 2020

TMPG Encourages Market Attention to Best Practice Recommendations during Coronavirus Pandemic

Given the recent volatility in the Treasury, agency, and agency mortgage‐backed securities (MBS) markets related to the coronavirus pandemic, the Treasury Market Practices Group (TMPG) encourages market participants to remain attentive to the TMPG’s best practice recommendations during this time in order to support market integrity and efficiency.

TMPG Encourages Market Attention to Best Practice Recommendations during Coronavirus Pandemic pdf March 27, 2020

QUICK LINKS
  Best Practices
  Treasury Securities Fails Charge Trading Practice
  Agency Debt and Agency MBS Fails Charge Trading Practice
  FAQ: TMPG Fails Charges
  Operational Plans for Various Contingencies for Treasury Debt Payments
  Synopsis of Recommendations
  Liberty Street Economics Blog Post, TMPG: A Consequential First Decade
  FRBNY Staff Report, TMPG: Creation and Early Initiatives

EXTERNAL LINKS
  U.S. Treasury
  Securities Industry and Financial Markets Association
  The Depository Trust and Clearing Corporation
Treasury Fails Data
GCF Repo Index
  International Swaps and Derivatives Association

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