RepoClear expands its buy-side repo clearing model

  • LCH Ltd is now able to accept regulated investment funds as Sponsored Members of RepoClear
  • Example fund types now eligible for Sponsored Clearing at RepoClear include Authorised Designated Investment Companies, Unit Trusts and Common Contractual Funds
  • Insight Investment goes live with additional funds clearing at LCH

Bruce Kellaway, Global Head of Securities and Collateral at LCH, said: “This expansion of RepoClear’s Sponsored Clearing model is a significant development for the UK fixed income market. We are delighted to further extend the benefits of clearing to a greater portion of the buy side, enabling market participants to access repo capacity, maximise pricing and balance sheet efficiencies and ultimately optimise their risk management.”

Jos Vermeulen, Head of Solution Design at Insight Investment, said:  “Insight was the first investment manager to transact cleared repo on behalf of a UK defined benefit pension and our team has been working closely with LCH to expand this access. We are very pleased that investors in our QIAIF range can now take advantage of the same broad market access and liquidity via RepoClear.”

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