Fixed Income

Business Streams

Contacts

Customer Relationship Management

Philippe Scavizzi - Fixed Income Relationship Manager

Tel: +33 (0) 1 70 37 67 21
email: philippe.scavizzi@lchclearnet.com

Platforms Relationship Management

Thierry Plard - Business Manager

Tel: +33 (0) 1 70 37 66 88 
email: thierry.plard@lchclearnet.com

Bonds and Repos

LCH.Clearnet SA provides clearing services covering French, Italian and Spanish Government debts, on cash and repos transactions traded by the following financial institutions and trade providers:

These transactions are processed by LCH.Clearnet SA Fixed Income and are settled by :

LCH.Clearnet SA and Cassa di Compensazione e garanzia (CC&G) have an agreement whereby LCH.Clearnet SA and CC&G provide clearing services for Italian government bonds transactions executed on MTS Spa and Brokertec platform and settled in Monte-Titoli.

Key Facts

Projects

Collateral Basket with Pledge

Completed Projects

Spanish Debt Clearing

Cassiopeia

Management Of Debt In Capital

Margin Information

Margin Parameters

What's New

21 December - Fixed Income Default Fund Phase 2: Ballot Result Announcement
We are now very pleased to announce that the ballot has been successful with 81%* of RepoClear Clearing Members voting and 98%* of those who did, voting in favour.

23 November - Fixed Income Default Fund Phase 2 Ballot process commencement
Following a ballot of Members in July 2012, LCH.Clearnet Limited ("LCH.Clearnet") introduced a segregated RepoClear Default Fund as an initial step towards limiting the level of contagion to other LCH.Clearnet services in the case of an "in extremis" RepoClear Default.

16 November - Operating Reporting Enhancement: New Settlement Shaping Reporting
Monte Titoli's launch of Release 3 of X-TRM on the 3 December 2012 will introduce a new settlement shape size of €5 million for the opening leg of same-day repo trades in Italy. This will standardise the shaping of all Italian settlement instructions into €5 million shapes.

13 July - Margin report enhancement
The BRFS report shows the margin call figures and gives the breakdown of the Bonds and Repos margin call requirement included in the SFEU file (financial statement).

22 June - Bonds and Repos