Eurex Repo, Eurex Clearing, and Clearstream Banking have expanded the existing, successful GC Pooling Market to include a new segment, Select Invest. This allows bank clients such as corporations and insurance companies to also benefit from the advantages of secured funding.
Both the trading and clearing architecture, and the state-of-the-art securities management functionality, are tailor-made for the needs of this client group.
In contrast to the anonymous interbank market, Select Invest’s bilateral trading allows banks and their buy-side clients to continue their existing business relationships. Select Invest clients can act as net cash providers to banks quickly and easily, benefiting from the advantages of trading through a clearing house. Cash taker transactions are allowed if the settlement amounts are below or equal to the sum of the settlement amounts of the cash provider transactions. The bank collateralizes the borrowed funds using ECB-eligible securities.
07:30 - 18:00 Frankfurt am Main time, ON deadline 14:00 Frankfurt am Main time
Minimum 1 Million CHF, EUR, GBP, USD
Novation by Eurex Clearing
Cash Pre-Funding Necessary
Advantages for corporate clients:
Advantages for banks:
Select Invest participants
The following two participants are registered so far:
Deutsche Börse AG and Airbus Group SE.
Buy-side clients that are domiciled in the European Union or Switzerland can apply to participate. The following steps need to be taken: