Wholesale Securities Services (WSS)
Investment ID: 015-000000061
Overview
Program Title
Wholesale Securities Services (WSS)
Description
WSS effectively finances government operations through the announcement, auction, and issuance of marketable Treasury bills, notes, bonds, Treasury inflation-protected securities, and floating rate notes through the Treasury Automated Auction Processing System (TAAPS).
Type of Program
Major IT Investments
Multi-Agency Category
Not Applicable
Associated Websites
https://taaps.treasuryauction.gov/auctions/TAAPSWeb/index.do, https://www.treasurydirect.gov/
Investment Detail
The WSS investment provides a secure solution to reliably and effectively finance critical government operations. By providing a system capable of supporting a regular and predictable financing pattern, the WSS investment enables Treasury to fund the federal government at the least cost over time. With borrowing needs anticipated to continue, ensuring the availability of a reliable system capable of supporting and implementing Treasury's debt issuance policy is critical. As such, program leadership remains diligent in ensuring system and operational readiness, both now and into the future, through a continued investment in strengthening the resiliency and security of the debt financing system. Since this system will continue to auction multi-trillion dollars of securities annually over the five year period of performance, the return on this investment over that same timeframe is significant (greater than 22.0%M).