{"id":18480,"date":"2023-06-09T15:52:08","date_gmt":"2023-06-09T15:52:08","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=18480"},"modified":"2023-06-09T11:52:40","modified_gmt":"2023-06-09T15:52:40","slug":"jeff-snider-asks-why-is-so-much-repo-not-centralized-and-centrally-cleared","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/jeff-snider-asks-why-is-so-much-repo-not-centralized-and-centrally-cleared\/","title":{"rendered":"Jeff Snider Asks Why is so MUCH REPO NOT CENTRALIZED and Centrally Cleared"},"content":{"rendered":"
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Most shocking part of bilateral repo (not centrally cleared) is the thin even non-existent haircuts on collateral. Three-quarters of USTs are given zero haircut. You can see why borrowers want to be here, but why are dealers not demanding more margin?
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Jeff Snider Asks Why is so MUCH REPO NOT CENTRALIZED and Centrally Cleared
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Not only do authorities have no real idea what’s going on in repo, dealers at the center of bilateral repo don’t really know what’s going on, either. <\/p>\n

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Jeff Snider Asks Why is so MUCH REPO NOT CENTRALIZED and Centrally Cleared<\/p>\n

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One reason why it is so difficult to get a handle on collateral and therefore money, most of what happens in repo takes place in the shadows beyond the reach of any authorities.
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    Jeffrey P. Snider \u2066\u202a@JeffSnider_AIP\u202c\u2069 Most shocking part of bilateral repo (not centrally cleared) is the thin even non-existent haircuts on collateral. Three-quarters of USTs are given zero haircut. You can see why borrowers want to be here, but why are dealers not demanding more margin?buff.ly\/42sShxD pic.twitter.com\/f5fNeqzkju   6\/8\/23, 10:33 PM     Jeff […]<\/p>\n","protected":false},"author":1,"featured_media":18481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18480","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/18480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=18480"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/18480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/18481"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=18480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=18480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=18480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}