GERMANY: Clear Stream and LCH Equity Clear Collaborate on New Post-Trade Connection

Wednesday July 8 2020

On 7^th July 2020, Clear stream Banking S.A. and LCH Ltd agreed to make LCH-cleared equities contracts eligible for settlement within Clearstream Banking S.A.

As part of the new connection, all global depositary receipts listed on London Stock Exchange’s International Order Book (including Asia-Pacific global depository receipts) as well as the full suite of internationally settled exchange-traded products (ETPs), such as exchange-traded funds (ETFs), exchange-traded notes (ETNs) and exchange-traded commodities (ETCs) which are listed on the exchange’s ETP trading service, are expected to be available for settlement through Clear stream in the third quarter of 2020.

Global depository receipts have been increasingly popular, with an average daily trading turnover of USD 570 million on London Stock Exchange’s International Order Book during Q1 2020. ETPs have also been continuously in demand, as investors in these products benefit from high diversification and liquidity as well as low cost.

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