LCH set to launch repo client clearing service
Project will allow buy-side firms to access CCP through sponsor banks in coming months
LCH is set to be the latest clearing house to launch a sponsored client clearing initiative for repo trades, in a move banks hope will ease the balance sheet impact of repo trades with buy-side firms.
The service, which will see buy-side clients that are unable to participate directly in LCH’s RepoClear service access the clearing house via an intermediary sponsor instead, was scheduled to begin
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