Garbade, Kenneth D.; Keane, Frank M.; Logan, Lorie; … - In: Economic Policy Review (2010) Oct, pp. 45-71
The TMPG fails charge for U.S. Treasury securities provides that a buyer of Treasury securities can claim monetary compensation from the seller if the seller fails to deliver the securities on a timely basis. The charge was introduced in May 2009 and replaced an existing market convention of...