通过实时交易管理(RTTM®)服务, FICC的GSD提供在线服务, information system for GCF回购s that is capable of displaying up-to-the-minute trade information 和 netting results throughout the day. 交易完成后, brokers are required to submit them promptly to FICC electronically or by screen input. Upon receipt of the data, FICC immediately reports the transaction details to dealers. 交易商的位置自动更新, 和 may be viewed on-line via GCF回购’s dynamic display screens. The most recent trades 和 position information are displayed simultaneously. Position information is available both at the individual CUSIP level 和 the cumulative, 整体水平.
Individual GCF回购 transactions may be submitted via interactive messaging in amounts of up to $9.9990亿年. Individual GCF回购 trades submitted via RTTM's Web application, 然而, 规模被限制在20亿美元以内. The size of each DVP repo trade that can be submitted is $50 million.
After trading ends, GSD conducts an afternoon net exclusively for GCF回购 activity. To establish a single net receive or deliver position in each generic CUSIP, the netting process combines each dealer’s new GCF activity eligible for settlement with the dealer’s carry-over activity, including previous 术语 和 previously submitted forward-starting activity that has reached its start leg settlement date.
For each such CUSIP, a dealer member is either a net securities borrower (i.e.(放债人)或证券净放债人(即放债人).e.(借债人). The Bank of New York Mellon provides the mechanism for allowing a chain of simultaneous collateral 和 cash movements to occur between GSD 和 its dealer members. The collateral is returned the following afternoon after the Fedwire has closed for settlement.