LCH RepoClear SA launches its first €GCPlus green basket

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  • LCH RepoClear SA has launched a new €GCPlus General Collateral clearing offering under the existing triparty basket repo product
  • Delivered in collaboration with Euroclear, the EUR denominated Investment Grade green bonds basket is based on market recognised ESG securities reference criteria
  • The offering supports LSEG’s commitment to being a strategic enabler of sustainable growth through the provision of critical market infrastructure, data and analysis

LCH RepoClear SA, an LSEG business, today announces that it has launched its first general collateral triparty green basket. The new basket expands on RepoClear SA’s existing triparty basket repo offering, following the merger of its two clearing services in July 2023 providing members alternative access to the world’s largest Euro cleared pool.

The new sustainable €GCPlus offering comprises EUR denominated Investment Grade bonds, where the collateral taker receives bonds allocated by Euroclear within an eligible bond population, aligned with the issuer-reported green bond reference data provided by Bloomberg. The net proceeds of eligible bonds are anticipated to be used by the issuer to finance projects or activities that promote environmental-related activities, including climate change mitigation.

LCH SA continues to expand its €GCPlus product offering through the launch of additional baskets. This includes a GovSSA basket (Governments, Supranational, Subnational and Agencies basket) clearing the largest traded debts in the Eurozone, and a basket comprising Italian Government bonds which was launched in December 2023, its first country level basket.

Olivier Nin, Interim Head of RepoClear and Collateral and Liquidity Management, LCH SA commented: “We are proud to support our members’ sustainability objectives with the launch of the €GCPlus green basket. Together with the additional baskets launched through our existing offering, we continue to adapt our products so our members can benefit from further cross margin netting opportunities across their special and triparty general collateral activity in addition to a wider choice of liquidity pools”. 

Olivier Grimonpont, Managing Director, Head of Product Management, Market Liquidity Euroclear said: “We are very pleased to have supported LCH RepoClear in their launch of a new green basket on €GCPlus. In our role as a Financial Market Infrastructure, we work with the market to help advance important innovative solutions that will support growth and stability.” 

Learn more about LCH RepoClear SA here.

For further information
Harriet Leatherbarrow / Zahraa Vindhani
Tel: +44 (0)20 7797 1222

About us
LCH. The Markets’ Partner. 
LCH builds strong relationships with commodity, credit, equity, fixed income, foreign exchange (FX) and rates market participants to help drive superior performance and deliver best-in-class risk management.   
As a member or client, partnering with us helps you increase capital and operational efficiency, while adhering to an expanding and complex set of cross-border regulations, thanks to our experience and expertise. 
Working closely with our stakeholders, we have helped the market transition to central clearing and continue to introduce innovative enhancements. Choose from a variety of solutions such as compression, sponsored clearing, credit index options clearing, contracts for differences clearing and LCH SwapAgent for managing uncleared swaps. Our focus on innovation and our uncompromising commitment to service delivery make LCH, an LSEG business, the natural choice of the world’s leading market participants globally.