Regulators keen for clearing houses to have access to central bank liquidity
LCH.Clearnet, the LSE
Group majority-owned clearing house, has opened new deposit and
liquidity facilities with the Reserve Bank of Australia (RBA),
giving its Australian division greater access to central bank
The account grants LCH
access to the RBA repo facility for intraday and overnight
repos which effectively work as short-term
The clearing house said
it has already started to settle its Australian Dollar payments
via the account and it has also become a direct member of the
bank’s payment system, the Reserve Bank
Information and Transfer System (Rits).
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