U.S. repo quoting convention

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Imported from previous forum

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[ original email was from John Harris - john.harris@bondmart.com ]
Hi, all,

I would appreciate any views on the current quoting (or “indicating”) convention for repo in the U.S. dealer-to-customer market.

Do we assume “clean” or “dirty” pricing?

Thank you.

3

Hi, all,

I would appreciate any views on the current quoting (or “indicating”) convention for repo in the U.S. dealer-to-customer market.

Do we assume “clean” or “dirty” pricing?

Thank you.

Would it be sensible to have an additional 423/PriceType=12 indicating Dirty Price, with 1 meaning clean?