Settlement for RepoClear SA

Bringing real flexibility to your repo trades financing activities

Many market participants today utilise the services of LCH’s RepoClear SA to clear cash and repo trades on European debt securities.

To support you in optimising your balance sheet, our RepoClear settlement service, available for a wide range of markets, offers you the options to settle your repo trades in central bank money or commercial bank money.

In addition, to further enhance the efficiency of your financing activities, our triparty collateral management programme provides you with the possibility of centralising the clearing and settlement of your T2S repo trades in the domestic CSD - while accessing financing in the international environment of Euroclear Bank.

“Euroclear has been RepoClear’s key partner in supporting client choices and efficient settlement alongside best-in-class clearing service. We are excited to continue working in close relationship with Euroclear to deliver leading settlement services with the widest choice of collateral management solutions.”

Corentine Poilvet Clediere, Head of RepoClear, Collateral and Liquidity, LCH SA

Settlement in central bank money and commercial bank money

Euroclear’s RepoClear service supports fixed income securities in a wide range of European markets. As a member of LCH, you can choose to settle your repo trades transactions in:

central bank money - in T2S via ESES
commercial bank money - in Euroclear Bank

Markets

Commercial bank money

Settlement in Euroclear Bank

Central bank money

Settlement in T2S via ESES

Asset optimisation through Triparty collateral management

Austria

Belgium

(agent *)

France

(agent *)

Germany

Ireland

Netherlands

Portugal

Slovakia

Slovenia

Spain

Supras

Commercial bank money

Settlement in Euroclear Bank

Markets:

Austria
Belgium (agent *)
France (agent *)
Germany
Ireland
Netherlands
Portugal
Slovakia
Slovenia
Supras

Central bank money

Settlement in T2S via ESES

Markets:

Belgium
France
Germany
Netherlands (Q3 2021)
Spain

Asset optimisation through Triparty collateral management

Markets:

Austria
Belgium
France
Germany
Ireland
Netherlands
Portugal
Slovakia
Slovenia
Spain
Supras

* Euroclear Bank acts as an agent and shields its clients from the impact of settlement with the local CSD in T2S

Asset optimisation in Euroclear and domestic CSDs

Whether you choose to settle your trades in Euroclear Bank or centralise your T2S clearing and settlement in the domestic CSD (including ESES), you can optimise your assets through Euroclear Bank’s triparty collateral management programme and access financing in its international environment.

Specifically, our Open Inventory Sourcing (OIS) service enables you to collateralise assets from a range of domestic markets whether they are held at Euroclear or with selected local agents. You can mobilise these securities as collateral for triparty transactions in Euroclear Bank, while keeping your existing domestic agent-bank relationships for the holding, settlement and servicing of your domestic assets.

To move your collateral securities from Euroclear Bank to other triparty agents, you can utilise our Collateral Allocation Interface (CAI) service and benefit from the seamless operation.