> For the complete documentation index, see [llms.txt](https://docs.xft.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xft.finance/learn/clearing-and-settlement-in-the-secondary-market-for-u.s.-treasury-securities/bilateral-clearing-no-idb.md).

# Bilateral Clearing (no IDB)

CCP member selling to CCP non-member; bilateral clearing

Figure 1A: Bilateral Clearing (no IDB) 

CCP member selling to CCP non-member; bilateral clearing

<figure><img src="https://960155864-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FVw4YaRvQtCLcdva1K37V%2Fuploads%2FegUwo4NngVmA64n0dYM2%2Fimage%20(5).png?alt=media&amp;token=209c3e10-f80c-4863-b510-4ae4c3782d34" alt=""><figcaption></figcaption></figure>