
Chapter 7
Other clearing and settlement
I
n the previous chapters we have looked at the clearing and
settlement of bonds, equities and derivatives. We have also
considered the role of the clearing house and custodians and
settlement processes related to corporate actions and cash/asset
management. We can look at some of the more specific products and
services and also at what else might fall into the category of clearing,
settlement and custody.
RepoClear
In August 1999, London Clearing House (LCH) introduced LCH
RepoClear, the first multi-market centralized clearing and netting
facility for the European government repo and cash bond (outright)
market.