Bonds and Repos

LCH.Clearnet SA provides clearing services covering French, Italian and Spanish Government debts, on cash and repos transactions ⁽¹⁾ traded by the following financial institutions and trade providers:

• Trading Platforms: Euro-MTS, MTS-France, MTS Italy, ICAP (BrokerTec) and Tullett Prebon
• Trade Providers:  ETCMS - Euroclear Trade Capture and Matching System (EUROCLEAR's matching system), Viel/Tradition

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

• Euroclear France (RGV chain for trades on French debt)
• Monte Titoli for Italian debt
• Iberclear for Spanish debt

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.

1. Currently only repos for Spanish Debt