LCH Set to Offer Repo Client Clearing Service
LCH recently announced that they will launch a client clearing service for repo trades. This is good news for banks as it will ease the balance sheet impact of repo trades with buy-side firms. Buy-side firms will now be able to clear their repo trades through the RepoClear service by using a bank as their clearing member. The buy-side client will not be able to access the RepoClear service directly, as the LCH needs to ensure that it is only ever facing exposure to approved C