LCH collaborates with Clearstream on new post-trade connection
18 January 2021 UK
Image: phive2015/adobe.stock.com
Global clearing house LCH has collaborated with Clearstream, Deutsche Boerse鈥檚 post-trade services provider, to offer a broadened settlement proposition for French and Belgian government debt securities.
As from today, all French and Belgian government debt securities cleared by LCH SA鈥檚 RepoClear service are available for settlement through Clearstream Banking AG.
RepoClear members will now be able to settle Belgian and French Government bonds at Clearstream Banking Frankfurt, Spanish Government bonds at Euroclear France, and French and German Government bonds at Iberclear (BME).
According to Thilo Derenbach, head of European custody product at Clearstream, French and Belgian government debt remain in continued high demand.
鈥淲e are excited that we can offer a broadened settlement proposition for these two new domestic markets. With this development, Clearstream鈥檚 and LCH鈥檚 clients can take advantage of the operational benefits of bundling their settlement flows with us,鈥� Derenbach explains.
Corentine Poilvet-Clediere, head of RepoClear, collateral and liquidity, LCH SA, says: 鈥淎s an open-access clearinghouse, an important part of LCH鈥檚 role is to support our members鈥� settlement strategies whilst allowing them to benefit from RepoClear鈥檚 deep and diverse netting pool. We are delighted to continue to support our membership in expanding its choice in settlement venues.鈥�
As from today, all French and Belgian government debt securities cleared by LCH SA鈥檚 RepoClear service are available for settlement through Clearstream Banking AG.
RepoClear members will now be able to settle Belgian and French Government bonds at Clearstream Banking Frankfurt, Spanish Government bonds at Euroclear France, and French and German Government bonds at Iberclear (BME).
According to Thilo Derenbach, head of European custody product at Clearstream, French and Belgian government debt remain in continued high demand.
鈥淲e are excited that we can offer a broadened settlement proposition for these two new domestic markets. With this development, Clearstream鈥檚 and LCH鈥檚 clients can take advantage of the operational benefits of bundling their settlement flows with us,鈥� Derenbach explains.
Corentine Poilvet-Clediere, head of RepoClear, collateral and liquidity, LCH SA, says: 鈥淎s an open-access clearinghouse, an important part of LCH鈥檚 role is to support our members鈥� settlement strategies whilst allowing them to benefit from RepoClear鈥檚 deep and diverse netting pool. We are delighted to continue to support our membership in expanding its choice in settlement venues.鈥�
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