NY Fed expands reverse repo counterparty list 31 May 2011New York Reporter: Ben Wilkie
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The New York Fed has accepted a number of new money market funds as reverse repurchase transaction counterparties. This is in addition to the primary dealers and previously approved reverse repurchase transaction counterparties.
The funds include those run by BlackRock, Fidelity, Invesco, J.P. Morgan and Northern Trust. In total, 32 new funds from 17 investment managers have been added to the list.
Inclusion on this list means that, should the New York Fed conduct reverse repurchase agreements, those listed would be eligible to participate.
It does not mean that any listed eligible reverse repurchase transaction (RRP) counterparty is eligible for any other program or transactional relationship with the New York Fed.
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