Sponsored Membership

About Sponsored Membership

Since 2005, FICC has offered a service that allows well-capitalized Bank Members to sponsor their eligible clients into GSD membership. Sponsored membership at GSD offers eligible clients the ability to lend cash or eligible collateral via FICC-cleared DVP repo throughout the day. Sponsoring Member Banks facilitate their sponsored clients’ GSD trading activity and act as processing agents on their behalf for all operational functions, including trade submission and settlement with the CCP.

Sponsored Member Eligibility. As part of a recent expansion, FICC now permits all Qualified Institutional Buyer clients of Sponsoring Member Banks to have their eligible activity novated to FICC.


If you would like further information regarding FICC’s CCIT or Sponsored DVP Repo services, please contact Client Support at 1-212-855-7600, or by email at rmsupport@dtcc.com.