According to a story by Miles Weiss of Bloomberg News "Abu Dhabi Wealth Fund Joins Growing Pool for Treasury Repo Deals", ADIA has joined the Fixed Income Clearing Corp, a subsidiary of DTCC that provides real-time trade matching, clearing, risk management and netting for trades in US Government debt issues, including repo. Jeff Kidwell is quoted in the article "Broker dealers don't have the gigantic balance sheets they used to have. It doesn't surprise me that a savvy sovereign wealth fund would be trying to find other avenues of liquidity to use their U.S. Treasuries." Kidwell is partnering with Pierpoint to deliver the "Introduction to Repo" course, coming soon.
Comments