LCH Announces Extension of Its Sponsored Clearing Model

LCH, a group of leading multi-asset clearing houses, announced that it has expanded its Sponsored Clearing model to include Euro repo clearing, enabling buy-side firms to directly access repo clearing at LCH SA, including €GCPlus.

LCH operates clearing houses around the world, with clearing houses incorporated in the UK and  France and with offices in the United States and the Asia Pacific region. The LCH Group consists of two subsidiaries: LCH Ltd (based in London) and LCH SA (based in Paris).

Members of LCH SA’s RepoClear benefit from increased capacity and access to the service’s deep netting pool, as well as achieving price and settlement efficiencies. 

LCH’s Sponsored Clearing model is based on open access and has been developed to provide participants with a choice of trading venues and settlement options, Tradeweb is the first trading venue to offer access to the Sponsored Clearing service at LCH SA.

“The rollout of our successful Sponsored Clearing model to LCH SA is a significant moment for the European fixed income market. We are delighted to extend the benefits of clearing to an even broader set of market participants,”said Corentine Poilvet-Clediere, Head of RepoClear, Collateral and Liquidity, LCH SA.”We are looking forward to continuing to support our customers in achieving balance sheet efficiencies through netting, while significantly reducing counterparty and operational risk.”

As Fazzaco reported earlier, LCH has appointed Rohit Verma as Head of Asia Pacific​ with effect from 26 July 2021.