Eurex Repo GmbH offers a unique securities lending & borrowing (SLB) market with straight-through processing (STP) from trading to settlement and the integrated service of Eurex clearing as a central counterparty. The electronic trading is not anonymous in the SecLend Market. However, Eurex Clearing becomes involved in the transaction as the CCP directly after it has been concluded.
Broad variation of trading behaviour: private, semi-private and public quotes with access to a large market of European shares, ETFs and bonds.
Fully integrated Value Chain
Straight Through Processing (STP) from trading to settlement. Traders can monitor the loan in real-time at all times, no manual intervention needed. Central clearing (novation) and risk management via Eurex Clearing.
Crossborder Settlement to major I-CSD's and CSD's
For Equities as loan securities, Central Securities Depositories (CSDs) act for home market settlement. Fixed Income loan securities are settled via the International Central Securities Depositories (ICSDs). For non-cash collateral a membership of a tri-party collateral agent (Clearstream Banking Luxembourg or Euroclear Bank) is mandatory.
Minimum Trade Size
The minimum trade sizes for the respective financial instruments tradeable on SecLend Market are as follows:
Min. Trade Size
Trade Entry Cut-Off Times on Same Day Loans
07:30 a.m. to 6:00 p.m. Frankfurt am Main time (supported 07.00 a.m. to 07.30 p.m. Frankfurt am Main time).
SecLend Market CCP
Fee per lending trade (in bp)
Min. fee per trade in EUR
Fee for trade modifications in EUR
Annual fee in EUR
The SecLend Market with CCP ensures straight-through processing (STP) from trading to settlement and the integrated service of Eurex Clearing as a central counterparty.
Advantages for Participation
A Participation Authorization can be granted for the Euro Repo, GC Pooling Market and/or SecLend Market with CCP.
If the customer is already Eurex Repo and/or GC Pooling participant, the additional registration for SecLend Market with CCP can take place under the prerequisite that one of the following Clearing Licenses of Eurex Clearing was granted:
"Full Clearing Member” License must be fulfilled for a GCM/DCM Securities Lending: Liable Equity Capital Requirements of € 200 Mio (GCM) or € 50 Mio (DCM).
Admission Prerequisites Specific Lender License
Holder of a Specific Lender License are exempted from the following:
No trader exam required; individual GUI training is offered.
All Eurex Repo participants are classified as professional customer according to § 31a part 2 WpHG (Wertpapierhandelsgesetz, Securities Trade Act).
CCP eligible Loan Securities
Selected components of:
CCP eligible Principal Collateral
EUR and USD
The Lending CCP eligibility profile includes the following asset classifications:
The Eurex Clearing eligibility profile is applied by Tri-party Collateral Agents to select the Principal Collateral assets at the Tri-party Collateral Agent's environment for the Lending CCP service.
Standardized principal collateral baskets
Eurex Repo recommends four standardized baskets which are aligned with the GC Pooling baskets and the SecLend Principal Collateral Universe of Eurex Clearing:
These baskets can only be set up with Clearstream Banking as Tri-party Collateral Agent.
Depending on the number of participants using these baskets, it is intended to launch an anonymous trading segment within the SecLend Market.
Please find the Product Specifications under Rules and Regulations
Eurex Repo | Sales & Relationship Management
T +49 (0)69 2 11-1 40 40
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