One ID Fits All: FICC Eases Broker Deposits
Published Date: 5/16/2025
Notice
Summary
Starting now, Inter-Dealer Broker Netting Members who have both Dealer and Broker accounts at the Fixed Income Clearing Corporation (FICC) can use the same Deposit ID for their required fund deposits. This change makes managing deposits simpler and faster, with no extra costs involved. It affects brokers and dealers who clear government securities and takes effect immediately.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Broker‑Dealer Deposit ID Consolidation
If you are an Inter-Dealer Broker Netting Member that maintains both Dealer Account(s) and Broker Account(s) at the Fixed Income Clearing Corporation (FICC), you may use the same Deposit ID when making the Required Fund Deposit Portions for those accounts starting with the filing on April 30, 2025. FICC says this change makes deposit management simpler and faster and involves no extra costs, while still requiring brokered activity to be recorded and margined separately.
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