LCH Ltd RepoClear - Withdrawal of Clearing of Euro and USD Products

Report date

LCH Circular No 4032

12th July 2019

All RepoClear Ltd Members


We have recently seen Members successfully consolidate Euro repo and cash bond clearing from LCH Ltd into LCH SA, a project that we initiated at the request of Clearing Members several years ago. We would now like to advise that clearing of Euro and USD repo and cash bond trades will be withdrawn from the LCH Limited RepoClear service in Q1 2020. LCH Ltd RepoClear will continue to clear the UK Gilt and Term £GC GBP products, and LCH SA RepoClear will continue to clear Euro government debt repo and cash bond products.

Effective Monday 05 August 2019, LCH Ltd RepoClear will not accept new Euro and USD trades that mature after 20 March 2020. Trades submitted for settlement up to and including 20 March 2020 will be accepted for clearing subject to meeting standard service eligibility.

This notification is given under Regulation 9 (Service Withdrawal) of the LCH Ltd Rulebook, which requires that LCH provide not less than 6 months’ notice for the withdrawal of a service.

For further information please contact RepoClear Ltd Sales & Relationship Management: