LCH’s Repoclear adds Dutch, Austrian, Spanish government bonds

Rick Steves

“Investors value the combination of central clearing and settlement, enhancing safety and efficiency for European debt transactions.”

RepoClear has announced the extension of its settlement connections to investor CSDs.

RepoClear SA is LCH’s market-leading government bond cash and repo clearing service. Established in 1999 as a clearing service for French government securities and repo trades, the service has since added the Italian, Spanish, German and Belgian markets (2017).

In January 2019, RepoClear SA has extended its clearing services to eight additional Euro markets, namely: Austrian, Dutch, Finnish, Irish, Portuguese, Slovakian, Slovenian debts, and Supranationals.

The new expansion enables members to settle:

  • Dutch Government bonds at Euroclear Netherlands
  • Austrian and Spanish Government bonds at Clearstream Banking Frankfurt

Supporting participants in having a centralised pool of assets

Corentine Poilvet-Clediere, Group Leader, Head of RepoClear, Collateral and Liquidity, LCH SA, said: “An open approach and customer choice remain central to our strategy and values as a clearing house, as such, it is LCH SA’s role to support our members’ settlement strategies whilst enabling them to benefit from RepoClear’s deep and diverse netting pool. We are thus delighted to continue to serve our membership in expanding its choice in settlement venues.”

Thilo Derenbach, Head of European Custody Products, Clearstream, said: “We have seen strong demand for Clearstream’s and LCH’s joint service for Belgian and French government bonds launched last year. Investors value the combination of central clearing and settlement, enhancing safety and efficiency for European debt transactions. Clearstream is excited to broaden this proposition as part of its extensive international network, strengthening connections between key players on the European T2S landscape for the benefit of our clients and the industry.”

Olivier Grimonpont, Global Head Product Management, Market Liquidity, Euroclear, said “With a broad range of European debt markets already cleared by LCH SA and settling in Euroclear, we are pleased to add the Dutch Government Bond market to this offering. Reaching this milestone is another step in our European access strategy to support participants in having a centralised pool of assets.”

Below, the full list of settlement venues connecting to RepoClear SA:

National Bank of Belgium (NBB) for the Belgian debt
Clearstream Banking (Frankfurt) for French, Belgian, Austrian, Spanish and German debts
Clearstream Banking Luxembourg for German, Austrian, Dutch, Finnish, Irish, Portuguese, Slovakian, Slovenian debts and Supranationals
Euroclear France for French, Belgian, German and Spanish debts
Euroclear Netherlands for the Dutch debt
Euroclear Bank for German, Austrian, Dutch, Finnish, Irish, Portuguese, Slovakian, Slovenian debts and Supranationals
Iberclear for French,German and Spanish debts
Monte Titoli for Italian debt

RepoClear SA provides clearing services for cash bond and repo transactions traded bilaterally among financial institutions and executed on the following trading venues:

Trading Platforms: Euro-MTS, MTS-France, MTS Italy,
MTS Associated Markets, CME
(BrokerTec), TP Repo (TP ICAP) and Tradeweb
Trade Matching: ETCMS – Euroclear Trade Capture and Matching System (Euroclear’s matching system)

These transactions are processed by RepoClear SA and are settled by:

Read this next

Digital Assets

Midas launches investment strategies for the ‘crypto winter’

Midas.Investments has released three new investment strategies on its custodial CeDeFi platform, creating new opportunities during the ‘crypto winter’.   The platform merges diverse approaches to digital asset management into single-click products to let investors gain steady profits in any market conditions — including the ongoing bear market. a custodial CeDeFi platform, CeDeFi: Unlocking the […]

Digital Assets

Bitcoin.com Wallet adds several ERC-20 tokens

The product expansion includes representatives of the DeFi world, the Metaverse, and the largest stablecoins.

Market News

Savvy Investors to Profit Whether the Stock Market Rebounds or Not

Equities have gone up enormously since the low. SP500 has gained 13.88% since June 17. In August, the indices drifted sideways. On Wall Street, veteran investors expect a move in either direction.

Industry News

Wall Street-backed MEMX obtains SEC approval for options trading platform

The company has raised more than $135 million in funding from 18 stock trading and investing heavyweights, including BlackRock, Citadel Securities, and Morgan Stanley.

Industry News

Amundi US launches ESG strategy that seeks to outperform S&P 500

Amundi’s Responsible investing team includes more than 45 specialists, and its ESG analysis covers more than 13,500 issuers across debt and equity.

Industry News

Verto launches embedded FX payments solution

The Verto API automates currency conversions, tracks payments and exchange rates in real-time, and is being launched in the follow-up of a $10 million in Series A funding last year.

Industry News

SEC awards over $16m to whistleblowers after another successful enforcement action

The program is 10 years-old and has arguably played a critical role in the Division of Enforcement’s ability to effectively detect wrongdoing, protect investors and the marketplace, and bring violators to justice.

Digital Assets

Ripple submits most succint explanation of Hinman issue in XRP lawsuit

It might be useful to get up to date as this could be the end of the road for the SEC.

Retail FX

TradingView integrates first Brazilian broker, Órama Investimentos

Órama offers all kinds of investment products, from fixed income to crypto-related funds.

<