General Collateral Financing Trades - GCF
General collateral repurchase agreements executed on a blind broker basis through the Government Securities Clearing Corporation.
Investopedia Commentary
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 Links
Money Market Tutorial
See also: Fannie Mae, Fixed Income Security, Freddie Mac, Ginnie Mae, Repurchase Agreement - Repo
Also spelled: GCF