Fedwire® Securities Service

The Fedwire Securities Service provides safekeeping, transfer, and delivery-versus-payment settlement services to U.S. depository institutions and U.S. branches and agencies of foreign banks. The Fedwire Securities system maintains in electronic form all marketable U.S. Treasury securities, as well as many federal government agency, government sponsored enterprise (GSE) and certain international organizations’ securities. The Federal Reserve Banks in their capacity as fiscal agents facilitate the issuance of book-entry securities to the Fedwire Securities Service participants. Participants may maintain multiple Fedwire securities accounts and can use the Fedwire Securities Service to transfer securities to settle secondary market trades (including open market transactions), to move collateral used to secure obligations, and to facilitate repurchase agreement (repo) transactions.

The Fedwire Securities Service processes securities transfers on an individual or gross basis in real time, and the transfer of the securities and the related funds (if any) is final and irrevocable when made. Although Fedwire Securities participants can send securities free of payment, most securities transfers involve the delivery of securities and the simultaneous exchange of payment for these securities, a process known as delivery-versus-payment (DVP).

The Fedwire Securities Service operates daily from 8:30 a.m. to 3:30 p.m. EST. In addition, participants can reposition securities held in their accounts versus payment until 4:30 p.m. EST and until 7:00 p.m. EST without payment.

Discover how Fedwire Securities can benefit your financial institution

To start using this service, visit Fedwire Securities Service Setup or contact your account executive.

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