What We Clear
Cash bonds, repos and triparty basket repo products eligible for clearing at RepoClear
Repo Trades
We clear repo trades on all markets listed below:
French debt |
Including quasi-government CADES |
Italian debt |
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Spanish debt |
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German debt |
Including pfandbriefe, regional government bonds and agency |
Belgian debt |
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Austrian debt |
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Finnish debt |
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Irish debt |
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Netherlands debt |
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Portuguese debt |
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Slovakian debt |
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Slovenian debt |
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Supranational debt |
Including EIB and European Union bonds |
Basket 1 (LCR equivalent) | |
Basket 2 (ECB restricted) |
Repo trades have the following characteristics:
Type: classic repo, excluding the Spanish market (Buy and Sell back)
Repo rate: fixed or variable for all markets, except Italy, Spain and triparty basket repos where only a fixed rate is accepted
Initial Settlement: start date of the repo, which can be trade date (same-day repo) or any future date (forward start repo)
Return Settlement: end date of the Repo, which can be trade date +1 or any future settlement date
Cash Bonds
RepoClear SA clears cash bond trades of bonds issued by any of the above governments.
Initial Settlement: from trade date +1 to any future settlement date.
€GCPlus Triparty Basket Repo
€GCPlus triparty basket repo market enables our Clearing Members to access and clear secured Euro cash funding through two baskets of ECB eligible collateral debt securities.
When clearing €GCPlus triparty basket repos, members can pool collateral of specific criteria into the following baskets:
- Basket 1: based on European Central Bank (ECB) High-Quality Liquid Assets which support Liquidity Coverage Ratio (LCR) principles
- Basket 2: covers an extended spectrum of ECB eligible securities
Once your trade basket is settled at Euroclear, Clearing Members enjoy automated collateral management (provided by Euroclear) while still handing you complete control over collateral reuse within Autoselect.
€GCPlus triparty basket repo product features:
- Repo Rate: Fixed
- Maximum Term: 2 Years
- Minimum Term: Same day
- Start Date: Same Day (Min) to 30 Days (Max)
- Repo Rate: Accrual Convention Exact/360
- Repo Interest: Paid Return Date
- Minimum Contract Size: €1 Million
- Order Books: BrokerTec, MTS, TP ICAP
- Trade Matching: ETCMS
Looking for information on whether a given debt security is eligible for inclusion in one of the €GCPlus triparty baskets and is acceptable for clearing? View €GCPlus list of eligible securities