26 April 2018

LCH.Clearnet €GCPlus Tri-Party Repo Market service clears first transactions

25 June 2014  |  2060 views  |  0 Source: LCH.Clearnet

LCH.Clearnet S.A.'s new general collateral clearing service for the Tri-Party Repo market, €GCPlus, has cleared its first transactions.

Launched in collaboration with Euroclear and the Banque de France, the service enables fixed income trading desks, treasurers and other market participants to efficiently manage European Central Bank eligible collateral and generate liquidity in a cleared environment, while benefitting from balance sheet netting and capital efficiencies.

Accessible via several leading e-platforms, participants can re-use the eligible collateral received either with the Banque de France or with any of the 230 collateral takers on Euroclear's collateral management system.

Christophe Hémon, Chief Executive Officer, LCH.Clearnet SA, said: "These first €GCPlus cleared trades represent an important step forward for fixed income clearing members. Participants now have access to a large set of liquidity providers using Euroclear collateral management tools which significantly increases efficiencies for the capital markets. We would like to thank all those involved for their commitment and collaboration in bringing this vital service to the market." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://response.ncr.comvisit www.ebaday.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
15541 views comments | 21 tweets | 28 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
10211 views comments | 28 tweets | 36 linkedin
Irish central bank tunes in to fintechIrish central bank tunes in to fintech
9403 views comments | 20 tweets | 21 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
9156 views comments | 20 tweets | 37 linkedin
JPMorgan to roll out Voice ID; begins branch expansionJPMorgan to roll out Voice ID; begins bran...
8647 views comments | 6 tweets | 8 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job