BNY survey shows 86% of firms confident on US Treasury cash clearing deadline
BNY•Costs remain hard to quantify
Cost visibility remained limited, with 57% not quantifying ongoing impacts; margin costs expected to rise 37% on average.
Repo clearing trails cash in preparedness
Readiness for eligible Treasury repo clearing lagged, with the June 30, 2027 deadline facing legal documentation, technology integration, cost uncertainty.
Execution on repo rose, with 87% of buy-side firms, 84% of sell-side firms in execution mode; funded projects exceeded half.
Survey points to broad readiness for Treasury cash clearing
BNY-backed industry survey flagged broad readiness for mandatory U.S. Treasury cash central clearing ahead of the Dec. 31, 2026 deadline.
Overall confidence reached 86%, with 44% very confident; lack of confidence ran 13% for cash, 16% for repo.
