General Collateral Financing Trades - GCF

General Collateral Financing Trades - GCF

General collateral repurchase agreements executed on a blind broker basis through the Government Securities Clearing Corporation.

Notes:

This method of trading allows dealers and agents to trade government issued fixed-income securities on a term and rate basis, rather than waiting for settlement on a trade by trade basis. For participating institutions, this allows for faster transaction times and greater trading mobility.

See also: Fannie Mae, Fixed Income Security, Freddie Mac, Ginnie Mae, Repurchase Agreement - Repo