Wednesday, August 5, 2026
11:00 a.m. - 12:30 p.m. (ET)
VIRTUAL
Industry Briefing: Treasury Clearing Documentation, Done-Away
In August, SIFMA hosted an industry briefing featuring a technical overview of the newly published SIFMA Master Treasury Securities Clearing Agreement, Done-Away
As the U.S. Treasury market prepares for expanded central clearing, SIFMA and SIFMA AMG have published the 2026 SIFMA Master Treasury Securities Clearing Agreement, Done-Away and accompanying Schedule to help firms efficiently address their clearing documentation needs.
Experts from SIFMA and Cleary Gottlieb discussed the purpose and structure of the agreements, key legal and operational considerations, and how firms can use the documentation as a starting point for bilateral negotiations. The session also highlighted how the done-away clearing model supports the industry's transition to expanded central clearing ahead of the upcoming SEC compliance dates. Explore the Top Takeaways.
Discussion Topics
- The purpose of the documentation and its role in supporting the SEC's Treasury clearing mandate
- Key legal, operational and commercial considerations for firms implementing the done-away clearing model
- How the done-away documentation complements the previously published done-with agreements
- Implementation timelines, next steps and available industry resources
Compliance Deadlines
- Cash Market Deadline: December 31, 2026
- Repo Market Deadline: June 30, 2027
Expert Speakers
BRANDON M. HAMMER
Partner
Cleary Gottlieb
DEBORAH NORTH
Partner
Cleary Gottlieb
JOSEPH L. SEIDEL
Chief Operating Officer
SIFMA
WILLIAM C. THUM
Managing Director and Associate General Counsel, Asset Management Group
SIFMA
ROBERT TOOMEY
Head of Capital Markets/Managing Director and Associate General Counsel
SIFMA
CHARLES WANG
Associate
Cleary Gottlieb
Agenda
All times in Eastern Time and subject to change.
11:00 A.M. - 11:05 A.M.
Welcome Remarks
Joseph L. Seidel, Chief Operating Officer, SIFMA
11:05 A.M. - 11:15 A.M.
Overview of the Done-Away Model
William C. Thum, Managing Director and Associate General Counsel, Asset Management Group, SIFMA
Robert Toomey, Head of Capital Markets / Managing Director and Associate General Counsel, SIFMA
11:15 A.M. - 12:00 P.M.
Technical Review of the Master Treasury Clearing Documentation
Brandon M. Hammer, Partner, Cleary Gottlieb
Deborah North, Partner, Cleary Gottlieb
Charles Wang, Associate, Cleary Gottlieb
12:00 P.M. - 12:30 P.M.
Q&A
Moderated by
Joseph L. Seidel, Chief Operating Officer, SIFMA
Useful Information
Registration Questions
This briefing is open to all industry participants. Advanced registration is required to participate.
Media Inquiries
This briefing is open to media participation. Please contact Anthony Mitchell to register.
Replay
Unable to attend live? An on-demand replay will be available.
Access Instructions
Access instructions will be sent from SIFMA. If you did not receive them, please contact us.
Accessibility
It is a priority to make our briefings inclusive and accessible for all. For questions or requests, contact SIFMA Member Relations.
Technical Requirements
This briefing will be hosted on the Zoom Webinar platform. View instructions on joining and participating in Zoom Webinars.
Related Resources
01
Treasury Clearing Resource Center
Access SIFMA’s efforts to advance implementation of the mandate, including market standard documentation, an operations timeline, and more.
02
Treasury Clearing Documentation
This library provides market participants with standard forms and model documents that promote transparency and efficiency in the marketplace.
03
SIFMA SmartBrief
The smarter way for financial services professionals to stay on top of news and trends impacting the capital markets. Delivered to your inbox every morning. Weekly editions also available.