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Principally trade US Dollar cash versus US Treasuries repo and reverse repo with Northern Trust as your sponsor to FICC
*Banks and Dealers who are approved GSD Netting Members
Improved Counterparty Risk
Realize counterparty strength and diversification by trading with the FICC
Deeper Liquidity Pools
Access a deeper liquidity pool (the FICC marketplace) compared to traditional bilateral markets
Greater Liquidity Stability
Dealers realize balance sheet and capital relief through FICC trading, translating into more stable liquidity for you
Operational Efficiencies
Acting as your processing agent, we manage the full trading event lifecycle of your FICC trades
Enhanced Diversification
Complement your suite of liquidity solutions tailored to your investment strategy and operations
Access To FICC Benefits
Realize the full benefits of FICC membership without full membership obligations and costs
Northern Trust’s program is currently authorized for US Treasuries as eligible securities and clients domiciled in the United States and Cayman who meet the criteria as a Qualified Institutional Buyer (QIB) under SEC Rule 144a. Northern Trust may expand to more jurisdictions, additional security types and to term Sponsored Repo subject to internal review and client demand.
Phil Garrett is Senior Vice President and Head of Securities Finance, Asia Pacific at Northern Trust based in Sydney.
Northern Trust Banking & Markets is comprised of a number of Northern Trust entities that provide trading and execution services on behalf of institutional clients, including foreign exchange, institutional brokerage, securities finance and transition management services. Foreign exchange, securities finance and transition management services are provided by The Northern Trust Company (TNTC) globally, and Northern Trust Global Services SE (NTGS SE) in the European Economic Area (EEA). Institutional Brokerage services including Integrated Trading Solutions (ITS) are provided by NTGS SE in the EEA, Northern Trust Securities LLP (NTS LLP) in the rest of EMEA, Northern Trust Securities Australia Pty Ltd (NTSA) in APAC and Northern Trust Securities, Inc. (NTSI) in the United States. For legal and regulatory information about our offices and legal entities, visit northerntrust.com/disclosures. For Asia-Pacific markets, this communication is directed to expert, institutional, professional and wholesale clients or investors only and should not be relied upon by retail clients or investors. © 2024 Northern Trust Corporation.