Euroclear Bank’s treasury division has become a direct clearing member of LCH RepoClear , representing an expansion of their long-standing partnership.
Michel Semaan
The move will allow the treasury division to benefit from RepoClear’s available services, including a liquidity pool, and its netting and risk management efficiencies.
In addition, the membership will see Euroclear becoming active in RepoClear’s specials and €GCPlus segments, acting as a key cash provider.
Michel Semaan, global head of LCH RepoClear at LSEG, said: ”This is a significant moment for the growth of the service, as we broaden the range of financial institutions we serve, and so that large cash providers, such as Euroclear Bank, can benefit from our product offering.”
The announcement builds on the firms’ partnership in 2014, where both LCH and Euroclear brought their combined expertise to market through the launch of RepoClear’s general collateral tri-party repo clearing service, GC Plus.
Following the merger of GC Plus and RepoClear in 2023, the collaboration also began to provide alternative market routes to accessing general collateral liquidity through the world’s largest Euro cleared liquidity pool, available at RepoClear.
Herve Foyan Djoudom, head of treasury and asset and liability management at Euroclear Bank, said: “Expanding Euroclear Bank’s repo clearing capabilities enables us to achieve greater capital and operational efficiencies while enhancing our risk management solutions. This step aligns to our strategy of promoting safety and resilience in the financial markets.”
Collaboration has been a key focus for Euroclear in recent months, and the extension of the partnership aligns with similar developments. In February 2025, Euroclear partnered with Euronext to support the development of Euronext Clearing’s collateral management services for repo and other asset classes.