Corentine Poilvet-Clediere, Group Leader, Head of RepoClear, Collateral and Liquidity, LCH SA, said: “An open approach and customer choice remain central to our strategy and values as a clearing house, as such, it is LCH SA’s role to support our members’ settlement strategies whilst enabling them to benefit from RepoClear’s deep and diverse netting pool. We are thus delighted to continue to serve our membership in expanding its choice in settlement venues.”
#RepoClear SA has extended its settlement connections to investor CSDs so that members are now able to settle Dutch Government bonds at Euroclear Netherlands and Austrian and Spanish Government bonds at Clearstream Banking AG. Learn more here: https://t.co/JYUq6zsGiq pic.twitter.com/tDolkq5QVN
— LCH, An LSEG Business (@LCH_Clearing) July 26, 2022
Thilo Derenbach, Head of European Custody Products, Clearstream, said: “We have seen strong demand for Clearstream’s and LCH’s joint service for Belgian and French government bonds launched last year. Investors value the combination of central clearing and settlement, enhancing safety and efficiency for European debt transactions. Clearstream is excited to broaden this proposition as part of its extensive international network, strengthening connections between key players on the European T2S landscape for the benefit of our clients and the industry.”
All #Austrian and #Spanish government debt securities cleared by @LCH_Clearing's RepoClear service are now available for settlement through Clearstream Banking AG, complementing the existing offering for the Belgian, French and German market. https://t.co/4Bn3dYFItZ pic.twitter.com/wV25kBJVXq
— Clearstream (@Clearstream) July 26, 2022
Olivier Grimonpont, Global Head Product Management, Market Liquidity, Euroclear, said “With a broad range of European debt markets already cleared by LCH SA and settling in Euroclear, we are pleased to add the Dutch Government Bond market to this offering. Reaching this milestone is another step in our European access strategy to support participants in having a centralised pool of assets.”
Source: LCH
