SIFMA and SIFMA AMG in Publishing Industry Standard Done-Away Treasury Clearing Documentation

Cleary Gottlieb advised SIFMA and SIFMA AMG in developing industry standard done-away Treasury clearing documentation.

The done-away documentation allows market participants to clear trades that are executed by a customer and an executing counterparty through a third-party clearing member and will be used by global market participants in connection with the transition to mandatory Treasury clearing under the Security Exchange Commission’s Treasury clearing mandate.

Cleary Gottlieb also previously advised SIFMA and SIFMA AMG on the development of industry standard done-with Treasury clearing documentation that was initially published in 2024 and updated this year.

The documents are available on SIFMA’s website at the following links:

• 2026 SIFMA Master Treasury Securities Clearing Agreement: Done-Away
• Modules to the 2026 SIFMA Master Treasury Securities Clearing Agreement: Done-Away
• Schedule to the 2026 SIFMA Master Treasury Securities Clearing Agreement: Done-Away

For more information, please see the press release.

The Cleary team included partners Deborah North, Lauren Semrad, and Brandon Hammer, and associates Wankun Wang, Nicholas Gekakis, and Daniel Vicente Alayo-Matos.