RepoClear
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 and repo transactions, as well as UK gilt repo through our term £GC service.
LCH’s France registered cash bond and repo trade clearing service. Members can also clear cash bond and repo transactions across 13 Euro debt markets, with our Sponsored Clearing model, widening access for 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.
LCH’s triparty basket repo clearing service enables members to more efficiently manage their Euro cash liquidity, while allowing clients to pool highly-rated sovereign and agency general collateral trades with eligible investment-grade debt.
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.