The London Clearing House(LCH), which acts as central counter party for LIFFE, LME, IPE and Tradepoint, says that it can accept European government cash (outright) bond trades for clearing and settlement as from next month. Initially, it will be limited to to German, Belgian and Italian government bonds, in order to correspond with markets available for repo clearing under its existing European government bond service.
LCH has appointed Brian Cook as chief operating officer(COO)to develop the range of clearing services.