LCH SA goes live with repo clearing of Belgian debt

Key points:

  • Greater choice and more netting opportunities for RepoClear’s members
  • Members of LCH SA can offset trades on Belgian debt with eligible European repo transactions cleared at LCH SA, through T2S
  • Belfius Bank and KBC Bank among the first counterparties to clear Belgian repo transactions at LCH SA
  • LCH Ltd continues to offer clearing of Belgian debt

LCH has extended its RepoClear service in LCH SA, its continental Europe-based entity. The Paris-based clearing house is now offering clearing for cash and repo trades on Belgian government bonds. Belfius Bank and KBC Bank were among the first members to clear the new product at LCH SA.

Belgian government debt is being cleared in addition to the existing LCH SA RepoClear service on German, Italian, French and Spanish government securities. Members have the opportunity to leverage T2S to obtain greater netting and settlement efficiencies and choice as to where to clear their trades. Belgian government debt will continue to be cleared through LCH Ltd, the Group’s UK entity.

Read the release

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