LSEG today announces that the European Central Bank (ECB) will join LCH RepoClear SA, LCH's market-leading Euro government bond cash, repo trade and GCPlus triparty basket repo clearing service, in Q1 2026. The ECB will diversify its securities lending infrastructure and transfer part of its securities lending activities on its monetary policy portfolios to centrally cleared repo transactions.
The ECB will join RepoClear SA as a direct member under the Special Clearing Membership model, which allows Central Banks, Supranationals and Agencies to onboard the CCP.
Imène Rahmouni-Rousseau, Director General of Market Operations at the European Central Bank, commented: “The trend towards central clearing for repo transactions supports the smooth functioning and the resilience of euro area repo markets. These markets play a crucial role for the transmission of our monetary policy and the redistribution of liquidity in the financial system. Central clearing will diversify our securities lending channels for monetary policy portfolios and will also contribute to broadening our existing market intelligence in this core segment.”
Michel Semaan, Global Head of LCH RepoClear, added: "We are delighted to welcome the ECB to our RepoClear community. This partnership underscores the importance of central clearing in promoting financial stability and deepening the integration of European capital markets."
RepoClear SA currently clears daily over €1trn in nominal across 12 European government bond markets and Sovereign, Supranational, and Agency bonds. The service offers robust risk management, netting efficiencies, and access to the GCPlus triparty repo market.
Learn more about LCH RepoClear here: Efficient Repo Clearing Solutions | LSEG
Contacts
LSEG Press Office
Nandeep Roopray / Harriet Leatherbarrow
Tel: +44 (0)20 7797 1222
Email: newsroom@lseg.com
Website: www.lseg.com
About LCH
LCH builds strong relationships with credit, digital asset derivatives, equity, fixed income, foreign exchange (FX) and rates market participants to help drive innovative performance and deliver best-in-class risk management.
As a clearing member or client, partnering with us helps you increase capital and operational efficiency, while navigating an expanding and complex set of cross-border regulations, thanks to our experience and expertise.
In partnership with our stakeholders, we have helped the market transition to central clearing and continue to introduce innovative enhancements. Choose from a variety of solutions such as compression; sponsored clearing; credit index options clearing; contracts for differences clearing; and digital asset derivatives clearing. Our focus on innovation and our uncompromising commitment to service delivery makes LCH, an LSEG business, the natural choice of some of the world’s leading market participants globally.
About LSEG
LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.
LSEG’s ticker symbol is LSEG.
