LCH RepoClear SA, an LSEG business, today announces that it has launched its first general collateral triparty green basket.
The new basket expands on RepoClear SA’s existing triparty basket repo offering, following the merger of its two clearing services in July 2023 providing members alternative access to the world’s largest Euro cleared pool.
The new sustainable €GCPlus offering comprises EUR denominated Investment Grade bonds, where the collateral taker receives bonds allocated by Euroclear within an eligible bond population, aligned with the issuer-reported green bond reference data provided by Bloomberg.
LCH SA continues to expand its €GCPlus product offering through the launch of additional baskets. This includes a GovSSA basket (Governments, Supranational, Subnational and Agencies basket) clearing the largest traded debts in the Eurozone, and a basket comprising Italian Government bonds which was launched in December 2023, its first country level basket.
Olivier Nin, Interim Head of RepoClear and Collateral and Liquidity Management, LCH SA commented:
“We are proud to support our members’ sustainability objectives with the launch of the €GCPlus green basket. Together with the additional baskets launched through our existing offering, we continue to adapt our products so our members can benefit from further cross margin netting opportunities across their special and triparty general collateral activity in addition to a wider choice of liquidity pools”.
Olivier Grimonpont, Managing Director, Head of Product Management, Market Liquidity Euroclear said:
“We are very pleased to have supported LCH RepoClear in their launch of a new green basket on EuroGCPlus. In our role as a Financial Market Infrastructure, we work with the market to help advance important innovative solutions that will support growth and stability.”
