LCH.Clearnet Introduces €GCPlus Central Clearing Service

LCH.Clearnet SA (LCH.Clearnet) has launched €GCPlus, a central clearing service for the tri-party repo market, in collaboration with Euroclear and the Banque de France. The new service will enable fixed income trading desks, treasurers and other market participants to efficiently manage Eurosystem eligible collateral and to generate liquidity in a cleared environment, while benefitting from balance sheet netting and capital efficiencies.

Available via several leading e-platforms, the €GCPlus service enables fixed income market participants to re-use the eligible collateral received either with the Banque de France or with any of the 230 collateral takers on Euroclear’s collateral management system, the global Collateral Highway.