FIF Submits Letter to the Treasury Department’s Office of Financial Research on Repo Reporting

On June 17, FIF submitted a letter to the Treasury Department’s Office of Financial Reporting relating to the requirement for Covered Reporters to report positions in non-centrally cleared bilateral repos. The letter discusses (i) reporting for the scenario where the closing leg of a repo does not settle on the scheduled end date and (ii) the current resubmission process. FIF would like to thank the members of the OFR Repo Reporting Working Group for their contributions in the drafting of this letter.