EUR Markets

Extension of clearing services to additional 8 Euro markets

SInce 15 January 2019, RepoClear SA has extended its clearing services to additional Euro markets, namely:

Austrian, Dutch, Finnish, Irish, Portuguese, Slovakian, Slovenian debts and Supranationals.

 

The cleared activity on these 8 Euro debts will settle in ICSDs exclusively: Clearstream Banking Luxemburg (CBL) and Euroclear Bank (EB).

 

Multi settlement facility

Since 10 December 2018, RepoClear SA is offering a multi settlement facility.

The German debt is the first Euro debt cleared at Repoclear SA to benefit from this new flexibility since December 2018.

Clearing members have now the possibility to choose between:

  • an ICSD settlement: Clearstream Banking Luxemburg (CBL) and Euroclear Bank (EB) or
  • a T2S settlement: Clearstream Banking Frankfurt (CBF) and Euroclear France (EF).

 

The launch of these additional products and services is aimed at building greater opportunities for members through utilisation of a single CCP entity:

  • Greater balance sheet netting opportunities and enhanced intra-day liquidity possibilities.
  • Single CCP connection and infrastructure for those trading Euro debts.
  • Potential for country offsets creating IM reduction.

 

Members are encouraged to ensure that they have completed on-boarding for all markets.

 

Settlement Location Market LCH Go live
ICSDs:
Euroclear Bank
Clearstream Banking Luxembourg
Germany Test : 21 November 2018
Production : 10 December 2018
Austria Test : 10 December 2018
Production : 15 January 2019
Finland
Ireland
Netherlands
Portugal
Slovakia
Slovenia
Supras-agencies

Please contact: sa.repoclear@lch.com with any questions.