The Treasury Market Practices Group
The Treasury Market Practices Group (TMPG) is a group of market professionals committed to supporting the integrity and efficiency of the Treasury, agency debt, and agency mortgage-backed securities markets. The TMPG is composed of senior business managers and legal and compliance professionals from a variety of institutions — including securities dealers, banks, buy-side firms, market utilities, and others — and is sponsored by the Federal Reserve Bank of New York.


TMPG 10th Anniversary Graphic

 RECENT ANNOUNCEMENTS

TMPG Releases Consultative White Paper on Clearing and Settlement in the Market for U.S. Treasury Secured Financing Transactions

The Treasury Market Practices Group (TMPG) today released a consultative White Paper on Clearing and Settlement in the Market for U.S. Treasury Secured Financing Transactions. The White Paper describes the various clearing and settlement arrangements for U.S. Treasury secured financing transactions (SFT), provides detailed maps that illustrate the process flows, and catalogs potential areas of risk. The TMPG seeks public feedback on the following aspects of the secondary Treasury market: the accuracy and completeness of various SFT clearing and settlement arrangements described, risk and resiliency issues identified, and any other feedback and suggestions.

TMPG Releases Consultative White Paper on Clearing and Settlement in the Market for U.S. Treasury Secured Financing Transactions pdf November 9, 2022

Clearing and Settlement in the Market for U.S. Treasury Secured Financing Transactions pdf November 9, 2022

Clearing and Settlement for Treasury SFTs Maps pdf November 9, 2022

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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