LCH SA strengthens RepoClear 30 June 2026France Reporter: Carmella Haswell
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LCH SA has strengthened its repo sponsored clearing ecosystem with the inclusion of HSBC Continental Europe as a second agent member.
In this context, PGGM is extending its RepoClear activity as a sponsored member, enhancing its access to the efficiencies of clearing.
According to LCH SA, these developments increase multilateral netting opportunities, supporting improved balance sheet efficiency, settlement optimisation, and risk reduction.
Michel Semaan, global head of LCH RepoClear at London Stock Exchange Group, says: 鈥淲ith a second sponsoring agent and PGGM expanding its activity, we continue to broaden buy side access to cleared euro repo liquidity, strengthening multilateral netting, capital efficiency, and operational resilience.鈥
Anja Kleefsman, head of treasury and liquidity management at PGGM, adds: 鈥淓xpanding our use of sponsored clearing at RepoClear allows us to further optimise our liquidity management.
鈥淭he addition of our new agent, HSBC, in this model supports our ongoing focus on diversification, operational resilience, and robust risk management for our portfolios.鈥
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