Wave 11 · Guide Hub

US Treasury Central Clearing (FICC)

OpenChainGraph tools for the SEC US Treasury clearing mandate (Rule 17ad-22). A larger share of UST cash and repo — bilateral and triparty — must centrally clear through a covered clearing agency. The market is now multi-CCP (FICC/DTCC, CME Securities Clearing, ICE Clear Credit, LCH applying). These tools cover access-model selection, FICC VaR margin & netting, FICC-CME cross-margining, capital relief, liquidity, collateral, onboarding, and settlement integrity — ~85% reuse of the capital-markets stack. Client-side, zero-egress, hash-anchored; the four new tools are agent-native over MCP.

Cash clearing · Dec 31 2026Repo clearing · Jun 30 2027

Tools — 4 new (run the diagnostic first)

All four emit verifiable OpenChainGraph v0.4 artifacts and compute server-side over MCP (Compute Binding). Educational models — not clearing advice.

ART-48 · D0 · start here
Treasury Clearing Fit Diagnostic
12-question A–F readiness scorer across scope, access, margin, capital, ops, liquidity. Routes to the right tcm-* chain.
run_treasury_clearing_fit
ART-49 · W-A flagship
Clearing Access Model Selector
Direct vs Sponsored (done-with) vs Sponsored/Agent (done-away): cost, execution-access, netting efficiency, ops + CFO memo.
model_clearing_access_economics
ART-50 · W-B
FICC Margin & Netting Estimator
DV01-bucket VaR proxy of FICC VBM, central-vs-bilateral netting benefit, done-away uplift, minimum-charge floor.
estimate_ficc_margin_netting
ART-51 · W-C
FICC–CME Cross-Margining Estimator
Offset UST cash/repo DV01 against CME Treasury/SOFR futures; standalone vs cross-margined IM. Customer expansion Dec 2025.
estimate_cross_margin_benefit

Chains — 9 workflows (~85% reuse)

Each chains the new tools with the existing capital-markets + crypto-integrity stack; the terminal artifact carries the full provenance chain and can be exported via export_artifact.

D0
treasury-clearing-fit
Single-node diagnostic; routes to the chain matching your weakest dimension.
art-48
W-A flagship
treasury-clearing-access-model
Which access model, and what does it cost?
art-49 → 504 → art-50
W-B
treasury-clearing-repo-margin
Cleared repo margin & haircut economics.
art-50 → 508 → 513 → qfa-02
W-C
treasury-clearing-cross-margin
FICC–CME cross-margining benefit, stress-tested.
art-51 → qfa-02 → qfa-03
W-D
treasury-clearing-collateral
Eligible collateral & substitution for cleared repo.
505 → 515 → 514
W-E
treasury-clearing-capital-relief
Capital & RWA impact of bilateral → cleared.
504 → art-07 → sim-03
W-F
treasury-clearing-liquidity
Intraday liquidity & margin-funding stress.
sim-01 → 513 → qfa-03
W-G
treasury-clearing-onboarding
Sponsored/agent onboarding: party, AML, audit.
509 → art-10 → cry-05
W-H · convergence
treasury-clearing-settlement-integrity
Cleared settlement integrity & fails.
cry-04 → 507 → ml-03
Wave 11 · US Treasury Central Clearing · OpenChainGraph Suite · chaingraph.json · Spec v0.4
SEC compliance dates per final rule 34-102487: cash Dec 31 2026, repo Jun 30 2027. Educational tools; not legal or clearing advice.