Creating capacity for banks and their clients through balance sheet netting
RepoClear at LCH Ltd is a UK-registered cash bond and repo trade clearing service. Members can clear UK government bond (Gilt) cash and repo transactions, as well as Gilt General Collateral repo through our cleared DBV product, Term £GC.
LCH’s France registered cash bond, repo trade and €GCPlus triparty basket repo clearing service. Members can clear cash bond and repo transactions across 13 Euro debt markets, and additional markets through our €GCPlus triparty basket repo. Our Sponsored Clearing model also widens access to the buy-side community.
In today’s markets, the need for capital and operational efficiencies has never been greater. Netting responds to these demands by helping to optimise capital management and generate significant operational and cost benefits.
For over 20 years, RepoClear has harnessed its unparalleled depth of clearing liquidity to deliver these efficiencies, along with peerless risk management from the world’s leading provider of interest rate derivatives clearing services.
As we expand our clearing and netting of cash and repo products across Europe, multilateral netting through RepoClear will increasingly provide superior balance sheet, settlement and risk offsets to our 100-plus members, and buy-side participants accessing the service through our Sponsored Clearing model, across 14 government bond markets.
With €GCPlus triparty basket repo market, members can efficiently manage their Euro cash liquidity, as it allows clients to pool general collateral trades of highly rated sovereign debt and agency issuers, as well as other investment-grade bonds.
Sponsored Clearing extends the benefits of direct CCP membership to the buy-side community. By inviting member banks to sponsor buy-side direct access to the CCP, LCH provides an innovative way to enhance existing clearing relationships, while potentially generating operational and capital efficiencies for all participants.