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J.P. Morgan – one of the Eurex Partnership Program design partners and member of the new Repo Board Advisory Committee – has successfully completed onboarding for Eurex GC Pooling as a pilot client for balance sheet netting, a joint offering from Eurex Repo and Clearstream. This was a major step in rolling out additional balance sheet netting opportunities between the GC Pooling and Repo (GC Special) market for Eurex Repo clients. GC Pooling is a highly liquid market for secured funding and offers the possibility of reusing received collateral for further money market transactions. Balance sheet netting allows market participants to offset certain securities finance transactions against one another and, as such, is an important way to reduce balance sheet consumption...
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