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 Updates White Paper on Delayed Payment Contingency Planning

The Treasury Market Practices Group (TMPG) today released an updated version of its 2013 white paper entitled "Operational Plans for Various Contingencies for Treasury Debt Payments" - a technical reference on some of the trading, clearing, settlement, and other operational challenges that might arise in the unlikely event of a disruption in the timing of payment on Treasury debt.

TMPG Updates White Paper on Delayed Payment Contingency Planning pdf December 6, 2021

Operational Plans for Various Contingencies for Treasury Debt Payments pdf December 6, 2021

TMPG Releases Updates for Working Groups on Clearing and Settlement Practices for Treasury SFTs, Treasury Market Data and Transparency

The Treasury Market Practices Group (TMPG) today released updates for two of its ongoing working groups: Clearing and Settlement Practices for Treasury SFTs, and Treasury Market Data and Transparency. First, the TMPG released a draft set of maps and summary note that illustrate current clearing and settlement processes for common securities financing transaction types for Treasuries —repurchase and securities lending agreements (collectively referred to as Secured Financing Transactions or SFTs). Second, the TMPG released a draft catalogue and summary note of data currently available in the Treasury cash, futures and financing markets.

TMPG Releases Updates for Working Groups on Clearing and Settlement Practices for U.S. Treasury SFTs, Data and Transparency pdf November 5, 2021

Clearing and Settlement Practices for Treasury SFTs Note pdf November 5, 2021

Clearing and Settlement Practices for Treasury SFTs Draft Maps pdf November 5, 2021

Treasury Market Data and Transparency Note pdf November 5, 2021

Treasury Market Data and Transparency Draft Catalogues pdf November 5, 2021

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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