- European Investment Bank (EIB) has extended its membership of LCH SA to access RepoClear’s offering for clearing for bond and repo transactions across 13 European markets
- EIB is able to access the largest European pool of cleared debt, benefiting from the risk management efficiencies of central clearing
- EIB became the first supranational member of LCH SA’s €GCPlus service in July 2020
- LCH operates an open access model, connecting to multiple trading venues and CSDs to best support members’ choice
https://twitter.com/LCH_Clearing/status/1394244879895564292
Corentine Poilvet-Clediere, Head of RepoClear, Collateral and Liquidity, LCH SA, said: “We are delighted that the European Investment Bank has chosen to extend its membership at LCH SA to include RepoClear alongside €GCPlus. As the first supranational entity to join LCH SA, EIB has been an important liquidity provider for our service and will now be able to further extend its participation. We look forward to continuing to offer best in class support in managing their risk.”
Éric Lamarcq, Director, Head of EIB Treasury, European Investment Bank, said: “The EIB’s Finance Directorate remains committed to ensuring financial stability and sustainability. Extending our membership of LCH enhances our risk resilience by gaining access to a deep pool of cleared liquidity.”
Source: LCH
