RepoClear

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RepoClear €GC is a service offered by LCH.Clearnet to provide a mechanism for repo market participants to address their euro funding needs more effectively by allowing them to move the collateral that underlies their repo trades quickly and easily.[1]

RepoClear €GC was launched with a range of standardised pan-European government bond baskets, classified by credit rating. It currently clears Austrian, Belgian, Dutch, UK, Portuguese, Irish, Finnish and German government bond and German Jumbo Pfandbriefe repos and cash bonds.[2] LCH.Clearnet plans to add further baskets following market consultation.

Repo dealers can trade either anonymously on the electronic platform of ICAP Electronic Broking and MTS Italy or through voice brokers. The trades can be cleared on an overnight, term and forward start basis.

References

  1. LCH.Clearnet Launch Innovative New RepoClear €GC Service. LCH.Clearnet.
  2. LCH Clearnet search for "RepoClear". LCH.Clearnet.