LCH set to launch repo client clearing service

Project will allow buy-side firms to access CCP through sponsor banks in coming months

LCH says the initiative will go ahead subject to regulatory approval

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 in April but is now understood to be launching in the next couple of months.

“[The initiative] won

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