UNITED KINGDOM: LCH Announces RepoClear SA Clears First Euro Repo by Sponsored Member

Thursday December 23 2021

London Clearing House (LCH) announced that RepoClear SA has registered its first euro repo trade under the Sponsored Clearing model. The trade was executed by PGGM, the Netherlands-based cooperative pension fund service provider, for the account of Dutch pension fund PFZW, with the support of its clearing agent, Societe Generale via the trading venue, Tradeweb.

This follows LCH RepoClear’s expansion of Sponsored Clearing in August to include euro debt clearing at SA. Across LCH Ltd and LCH SA, buy-side firms can access a cleared liquidity pool across 14 debt markets and two general collateral products, Term £GC and €GCPlus, clearing UK gilt repos and ECB eligible collateral debt securities. This enables the buy- and sell-sides further opportunities to free up balance sheet capacity and expands access to the risk management, resilience and operational efficiencies of clearing at LCH.

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