Clearing for RepoClear

Summary

This course assumes that delegates have an understanding of repo instruments. If required, introductory training on the products in which LCH offers central counterparty services is provided on Understanding the Markets.

A tailored training programme will be designed for your organisation's specific requirements, which could include the sessions detailed on the below training programme:

Body

Training Programme

Date: This training is arranged upon request
Location: LCH Ltd Training Facility
Aldgate House
33 Aldgate High Street
London
EC3N 1EA
United Kingdom

Please note that the duration of each module is an approximation and actual session times may vary. All training sessions can be scheduled at a mutually convenient time.

Registration and Coffee (10 mins)

RepoClear Operations (60 mins)

  • Trade Systems
  • Trade Flow
  • Operational Reporting
  • Trade Registration and Netting
  • Settlement
  • Reports

Break (10 mins)

Risk Management and Margining for RepoClear (60 mins)

  • Margin Types
  • Margining Methodology (VaR)
  • Risk Reports
  • Default Management Process

Collateral Operations and Banking Reports Reconciliation (60 mins)

  • The Role of LCH Collateral Operations
  • Protected Payment System (PPS) Process
  • Banking Reports

Collateral Lodgement and Withdrawal Procedures (30 mins)

  • Acceptable Collateral
  • Custodians and Accounts
  • Regulation
  • Collateral Management System
  • Securities Settlement
  • Coupons
  • Collateral Reports

Questions and Answers

New Clearing Members and those extending their Clearing Member status to include the clearing of RepoClear business, are allocated free places on this course as part of the application process.

To arrange refresher training on Clearing for RepoClear, please contact the Member Training team.