This Bi-Lateral Repo trade recommended practices document was produced by the FIX Repo working group to define industry practices for the common usage of FIX protocol for post-trade workflows for repurchase agreements (repos) in a bilateral setting. The post-trade workflows consist of:
- Collateral Assignment
- Lifecycle events including early termination/close-outs, collateral substitution, and margin maintenance.
The proposal is following the technical standards review process described in the document found here: https://www.fixtrading.org/packages/technical-standard-proposal-process/
This document now enters a public comment period in which public review and feedback is encouraged. The public comment period will be open until the 25th of May 2020.
A link to the proposal can be found here: https://www.fixtrading.org/packages/fix-protocol-recommended-practices-bilateral-repos-post-trade/
Please post feedback, comments, and questions as replies to this discussion thread.