In October, LCH RepoClear pointed to a few key developments:
- the launch of Discover Settlement Monitor, a new risk analytics settlement tool for the repo market and a control tower for real time monitoring and targeted operational action.
- 7-year and 20-year tranches of the European Commission’s €11 billion bond, issued under the NextGenerationEU funding program, are eligible for clearing at LCH RepoClear SA and eligible as collateral at LCH SA and LCH Ltd.
- UK LDI managers continue to be challenged by access to Sterling liquidity. Sponsored Repo via LCH RepoClear provides the buy-side with access to the largest pool of cleared liquidity, whilst helping the dealer community to achieve balance sheet and capital efficiencies. Find out more here.
- National Australia Bank Europe SA went live on LCH RepoClear SA on October 7, 2022.
Quarterly stats
- €75.8 trillion nominal cleared across Euro debt and Gilts at LCH RepoClear in Q3 2022, a quarterly record
- 3.1 million trade sides cleared across Euro debt and Gilts in Q3 2022, a quarterly record
- €4.5 trillion peak term adjusted cash value across Euro debt and Gilts
Other highlights included:
- Fourth Canadian member onboarded for Euro debt service
- 31 funds using Sponsored Clearing for Gilts, with growing outstanding in Euro debt; progress continues on extending access to hedge funds