On Feb. 19, FICC reported capped contingency liquidity facility test.
FICC issued notices on Capped contingency liquidity facility (CCLF) test in Apr. 2025.
On an annual basis, FICC conducts a mandatory CCLF test with all Members to satisfy requirements of a covered clearing agency regarding its management of liquidity risk.
CCLF Testing
Objectives are to increase members’ awareness of potential capital commitment should CCLF event be declared; assess understanding of CCLF Event from operational view.
Last, objective to test members’ operations capability to process redistribution repos.
Members required to provide relationship manager with at least 2 CCLF contacts and to ensure they have the proper access to RTTM web and report center prior to the test.
Testing Dates
Part 1 of test will take place on Apr. 21, 2025, part 2 during the week of Apr. 21, 2025.
Each firm will be contacted by the FICC and provided with their part 2 test date.
Part 3 will take place on Apr. 25, 2025, starting at 10:00am and ending at 1:00pm.
