Morgan Lewis

Eleven Steps for Addressing Treasury Fail Penalties

By P. Georgia Bullitt, Robert C. Mendelson, Investment Management Practice

LawFlash/Client Alert

  • published on:

    04/22/2009

  • by:

    Investment Management Practice

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Money managers trading U.S. Treasury securities need to take quick action to prepare for the May 1, 2009 effectiveness of the industrywide voluntary protocol under which parties will be assessed penalties for settlement fails in Treasuries. We outline eleven specific steps money managers should consider below.

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