Liquidity pool at FICC’s government securities unit shrank 49%

Clearing unit did not disclose any highly marketable collateral and repo values of underlying securities as part of available liquidity buffer in Q3

The government securities division (GSD) of the Fixed Income Clearing Corporation (FICC) saw the size of its liquidity pool – the pile of assets it holds to cover shortfalls or defaults – drop 49% in the third quarter of the year, to the lowest amount since 2018.

The clearing unit held $82.4 billion of liquid resources on aggregate at end-September, down from $160 billion in the previous quarter.

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