LCH.Clearnet SA and the Luxembourg Stock Exchange have signed a Memorandum Of Understanding to implement clearing services for Luxembourg Stock Exchange markets.
Subject to regulatory approval, LCH.Clearnet SA will deliver its clearing services in respect of transactions in corporate bonds, government bonds and equities.
By choosing LCH.Clearnet SA as central counterparty, the Luxembourg Stock Exchange will deliver a competitive, automated and fully integrated solution from trading to clearing and settlement, allowing reduction in the costs of transactions in a secure and structured market environment.
“We welcome this agreement with the Luxembourg Stock Exchange, which underlines our desire and capacity to clear new markets,” says Christophe Hmon, CEO of LCH.Clearnet SA. “The development of this link will increase the interaction between the respective LCH.Clearnet SA and Luxembourg Stock Exchange communities, and thus develop new business, mainly in corporate bonds, an area where the Luxembourg Stock Exchange is particularly well-placed.”