Wednesday October 14 2020

News Source: Global Exchanges

Focus: Fixed Income

Type: General

Country: European Union


On 13th October 2020, the London Clearing House (LCH) announced that it will be supporting the clearing of bonds issued as part of the European Union’s temporary support to mitigate unemployment risks in an emergency (SURE) programme. Bonds issued as part of the scheme will be eligible for clearing at LCH SA’s Repo Clear service. Participants in the market will therefore be able to benefit from enhanced counterparty risk management as well as operational and capital efficiencies. LCH SA offers clearing of Euro-denominated bonds and repos across 13 government bond markets.

€87.4 billion of loans will be provided to 16 EU member states under the SURE programme, which aims to help finance increased national expenditure on short-term work schemes and other similar measures. Similarly, LCH SA will support and clear the upcoming Next Generation EU Bonds.

Click on the above link for further information.