Extension of LCH SA’s RepoClear service
Clearstream Banking1 is pleased to inform customers, who are clearing members or agents of clearing members of the Paris-based clearing house LCH SA, that Clearstream Banking now provides settlement for additional products cleared at LCH SA’s RepoClear service.
LCH SA clearing members or their agents can settle the following additional European cash bonds and repo markets directly in Clearstream Banking:
- The Netherlands
- Slovak Republic
- Supranational (EIB)
All of these debt securities can be settled directly in Clearstream Banking, with LCH SA acting as Attorney and instructing on behalf of the clearing member or its agent via a single Power of Attorney.
Customers who would like to benefit from direct settlement of their RepoClear transactions in Clearstream Banking should contact LCH SA and their Clearstream Banking Relationship Officer to receive a copy of the Clearstream Banking Power of Attorney and prepare the onboarding.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.