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Illya Gerasymchuk
Financial & Software Engineer

NCCBR are essentially bilateral OTC agreements - no central counterparty or tri-party custodian

User Illya Gerasymchuk -

2025-09-06 00:00

NCCBR are essentially bilateral OTC agreements - no central counterparty or tri-party custodian

User

in non-centrally cleared bilateral repos (NCCBR) the Treasury haircut is mostly 0%, and a significant portion has negative haircuts - meaning that more money is lent in the repo that the market value of the Treasury collateral

in non-centrally cleared bilateral repos (NCCBR) the Treasury haircut is mostly 0%, and a significant portion has negative haircuts -...