State Street Corporation announces the successful completion of the first Reverse Repo trade for MN, one of the largest asset managers for Dutch pension funds, through an enhanced service under the Eurex Select Invest Repo model.

In a newly designed structure, State Street acts on behalf of its clients to directly clear and settle Reverse Repo transactions using a centrally cleared counterpart (CCP) framework via Eurex Clearing. State Street can now enable the buy-side to access the liquidity benefits of clearing, without the onerous onboarding, operational, and custodial requirements of a direct membership of a Central Securities Depository.

“We’re delighted to launch our enhanced Eurex Select Invest model for Repo— developed in close collaboration with Eurex— and with MN as our first client. The model streamlines buy-side access to the Euro‑denominated repo market and enables clients to trade independently with any of the current 170 market participants“ said Christian Schütze, Head of Financing Solutions Continental Europe at State Street.

“This marks an important step toward greater efficiency, flexibility, and liquidity for our clients. Through this innovative service model, we aim to drive higher cash investor volumes and help improve both operational and economic outcomes.” Michael Jahn, Product Lead for Repo at Eurex, adds: “We are proud to partner with State Street to offer their pioneering solution, which provides buy-side clients with simplified and accelerated access to Eurex’s cleared repo infrastructure.”

Source: State Street