The Depository Trust & Clearing Corporation (DTCC) has received approval from the Securities and Exchange Commission (SEC) to launch its ACS Triparty Service within the Fixed Income Clearing Corporation’s (FICC) Agent Clearing Service. This new service will enable cleared triparty repo trades, leveraging BNY Mellon’s collateral infrastructure to enhance margin efficiency, reduce capital requirements, and provide balance sheet relief. The approval comes as FICC reports record volumes in repo and government securities, with total trading activity reaching $13.2 trillion on December 1, 2025. The ACS Triparty Service facilitates the clearing of eligible triparty repo transactions between executing firm customers and either the Agent Clearing Member or another Government Securities Division Netting Member. This development aligns with upcoming SEC rules expanding U.S. Treasury clearing, set to take effect in December 2026 for cash and June 2027 for repo transactions. The service aims to expand access to central clearing and support operational efficiency for executing firms and clearing members as they adapt to these regulatory changes.