General Collateral Financing Trades (GCF)
General collateral repurchase agreements executed on a blind broker basis through the Government Securities Clearing Corporation. Investopedia Says:
This method of trading allows dealers and agents to trade government issued fixed-income securities on a term and rate basis, rather than waiting for settlement on a trade by trade basis. For participating institutions, this allows for faster transaction times and greater trading mobility. Related Terms:
Fannie Mae
Fixed Income Security
Freddie Mac
Ginnie Mae
Repurchase Agreement - Repo |