FICC Delays Bond Risk Calculation Model Implementation Timeline
Published Date: 3/25/2026
Notice
Summary
The Fixed Income Clearing Corporation (FICC) is delaying the rollout of new math rules that help calculate bond risk, giving everyone more time to get ready. This change affects banks and traders who use these bond risk models and won’t impact costs right now. The new schedule aims to make sure the updates happen smoothly and safely.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Implementation Deadline Set: April 30, 2026
If you are a FICC Member (for example, a bank or trader that clears through FICC), FICC will add a legend to the QRM Methodology Document stating that the approved changes to the correlation calculation for bond haircut models will be implemented by April 30, 2026. The legend will be automatically removed from the document once those changes are implemented.
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