Repo Trades

RepoClear clears repo trades with the following characteristics:

• Type: Classic fixed rate repos with first leg settlement on the trade date or a future valid settlement date up to one year after the trade date.
• Reference Asset: Any of bonds described below under the heading “Cash Bond Trades”.
• Repo Rate: Fixed
• Start Settlement Date: The trade date or any future valid settlement date up to one year after the trade date.
• Return Settlement Date: Any valid settlement date up to one year after the start settlement date. All return settlement dates are subject to limitations specified by LCH, arising as a result of the bond maturity date.

Cash Bond Trades

RepoClear clears cash bond trades of bonds issued by any of the following governments:

• Austria
• Belgium
• The Netherlands
• Finland
• Germany
• Ireland
• Portugal
• Slovakia
• Slovenia
• Spain
• United Kingdom

In addition, RepoClear clears cash bond trades of German jumbo pfandbriefe and selected agency, supranational, regional, agency and other government-guaranteed bonds.

Start Settlement Date: The trade date or any future valid settlement date up to one year after the trade date.