Merit releases upgraded TMPG solution to clients in response to new TMPG guidance

The Merit delivery was in response to a modification made by the Treasury Market Practices Group (TMPG) in the required methodology for assessing chargeable fails on “in scope” U.S. debt securities.  The modification changed the required application of thresholds from being applied on a fail by fail basis (per trade basis) to aggregation of fails charges between two counterparties for a given calendar month.”  Merit’s enhancement continues to ensure that our clients remain compliant.  Please contact capitalmarkets@merit-soft.com for further information.

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