Brief: LCH includes Jumbo Pfandbriefe market

London Clearing House (LCH) has added Jumbo Pfandbriefe repos and cash bonds (outrights) to its RepoClear system, making it the first non-government bond market to be added to the LCH RepoClear service.

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Brief: LCH includes Jumbo Pfandbriefe market

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The Jumbo Pfandbriefe market is the fourth largest bond market segment in Euroland. It is also one of the fastest growing fixed income markets in Europe growing 24% in 2000 to total outstanding issuance of ?370 billion, says the clearing house.

David Hardy, chief executive of LCH says: "The expansion into non-government bonds such as Jumbo Pfandbriefe is a significant step in the further development of our fixed income service LCH RepoClear. We expect to add additional bond products, both government and non-government, in the future."

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