Euroclear Bank’s Treasury division has joined LCH RepoClear SA as a member. LCH’s parent company, the London Stock Exchange Group (LSEG), confirms in a press release that Euroclear Bank’s Treasury will now “benefit from access to a vast liquidity pool, and the netting and risk management efficiencies available through the service”. Euroclear Bank will also become active in both the specials and €GCPlus segments of the service as a key cash provider.
The membership represents an expansion of Euroclear’s long-standing partnership with RepoClear. The GC Plus service, launched in 2014, is a collaboration between LCH, Euroclear, and Banque de France. It is a “general collateral tri-party repo clearing service” that “offers the market alternative routes to access general collateral liquidity through the world’s largest Euro cleared liquidity pool at RepoClear SA”. GC Plus and RepoClear SA merged in 2023.
Herve Foyan Djoudom, head of Treasury and Asset and Liability Management at Euroclear Bank says, “Expanding Euroclear Bank’s repo clearing capabilities enables us to achieve greater capital and operational efficiencies while enhancing our risk management solutions.”
