The new service will be based on LCH.Clearnet’s existing RepoClear Sterling GC product but will settle at EUI using its term delivery-by-value (DBV) product4. Settlement of RepoClear Sterling GC trades of any term is currently conducted daily on an overnight basis via ‘rolling’ DBV transactions at EUI. The new service will align settlement with the underlying maturity of GC transactions. This will reduce daily sterling GC repo market settlement volumes and values and, hence, operational and liquidity risks in the gilt repo market.
Published on 24 January 2013
// News // Minutes
Minutes of the Wholesale Distribution Steering...
Minutes of the Wholesale Distribution Steering Group - October 2019
// News // News release