Measuring Settlement Fails
Abstract: In June 2014, settlement fails of U.S. Treasury securities reached their highest level since the implementation of the Treasury fails charge in May 2009, attracting significant attention from market participants. In this post, we review what fails are, why they are of interest, and how they can be measured. In a companion post following this one, we evaluate the particular circumstances of the June 2014 fails.
JEL Classification: G1;G2;
File(s): File format is text/html https://libertystreeteconomics.newyorkfed.org/2014/09/measuring-settlement-fails.html
Provider: Federal Reserve Bank of New York
Part of Series: Liberty Street Economics
Publication Date: 2014-09-19