Eurex Repo GmbH offers an electronic trading solution for bilateral repos with standardized baskets and open quote book. Executed trades will then be collateralized by Clearstream's Global Liquidity Hub.
The standardization of the bilateral Triparty Repo Market (eTriParty) allows participants to efficiently initiate transactions and benefit from straight-through-processing of Deutsche Börse Group.
eTriParty offers bilateral secured funding transactions without the involvement of Eurex Clearing as central counterparty (CCP). It provides an open order book and in addition the possibility to negotiate the trade details individually.
Although the participants need a bilateral account set-up within the Clearstream Banking's collateral management system, they are set-up with the same standardized baskets and currencies.
Three fixed income and one equity basket
EUR, USD, CHF, GBP, AUD, CAD, JPY, DKK
Multiple standard terms from overnight until two years are offered: OverNight, TomNext, SpotNext, SpotTerm, FlexTerm
Minimum EUR, USD, CHF, GBP, AUD, CAD, JPY, DKK 1 Million
07:30 - 18:00 Frankfurt am Main time
Cut-off times for Overnights:
|18:00 Frankfurt am Main time|
12:00 Frankfurt am Main time
12:00 Frankfurt am Main time
14:15 Frankfurt am Main time
14:30 Frankfurt am Main time
18:00 Frankfurt am Main time
No Overnight trading in AUD and JPY.
eTriParty ensures straight-through-processing with connectivity to Clearstream Banking S.A. for collateral management.
It is a bilateral secured funding market with a full set of re-use possibilities to e.g. GC Pooling, Eurex Margining and other Clearstream services of the Liquidity Hub.
As soon as the trades are concluded, Eurex Repo sends the settlement instructions to Clearstream Banking S.A. for collateral management. Among others Clearstream ensures the securities valuation, eligibility check, margin monitoring and delivery versus payment (DVP) settlement. During the term of a trade, it is possible to substitute securities.
Eurex Repo and Clearstream Banking S.A. provides a comprehensive reporting from the trade until settlement reporting.
Eurex Repo participants can leverage the existing trading infrastructure and benefit from a fast lane admission.
Customers who are not admitted at Eurex Repo yet, have to fulfill the following legal requirements:
and the following technical requirements:
The F7 trading system is a browser based GUI solution which does not require any maintenance effort by the Eurex Repo participant. All data traffic will take place by use of x509 certificates.
Market Status ⓘ
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