LCH SA, a leading global clearing house, is planning to combine its RepoClear and €GCPlus services.
The initiative, currently in the design phase, will enable members to benefit from a consolidated repo clearing service with a broader product set. By merging the two services, clearing members of LCH SA will benefit from greater efficiencies, particularly through more opportunities to achieve balance sheet and margin netting. New customers of LCH will also experience a simpler onboarding process.
LCH is targeting a go-live date of H2 2022 for the single service, subject to relevant internal and regulatory approvals.