(BRIEF) On April 29, 2024, Eurex added a new basket of green bonds within its GC Pooling segment, aimed at the liquidity and power of the European green bond repo market. This addition is in addition to the 3 existing green bond baskets. announced in recent years, which allows clients to use money in EUR, USD, GBP or CHF instead of a variety of 80 green bonds issued through sovereign and supranational entities across the European Economic Area. The inclusion of high-quality rated bonds, focused on renewable energy and sustainable practices, underlines Eurex’s commitment to supporting environmentally friendly projects while providing effective collateral control responses to market participants.
(PRESS RELEASE) FRANKFURT, April 29, 2024 — /EuropaWire/ — On April 29, 2024, Eurex introduced a new basket of green bonds to its GC Pooling segment. This will increase the liquidity and power of the European green bond repo market. , thus strengthening the green bond segment.
The new basket complements 3 baskets of green bonds already introduced in the Special and GC Repo segments in 2020 and 2021.
The launch of GC Pooling’s new green bond basket for clients to offload liquidity in EUR, USD, GBP or CHF against a variety of 80 green bonds issued through sovereign and supranational entities in seven countries in the European Economic Area. In turn, basket guarantees were earned that can be reused for Eurex Clearing margin with Clearstream TriParty, leveraging GC Pooling’s established market design to mitigate the threat of failed trades.
High-quality rated bonuses in the basket
The bonds included in the basket are issued in the areas of renewable energy, sustainable waste management, biodiversity preservation and/or sustainable land use and are classified as green bonds according to knowledge through WM Datenservice. They are a subset of the ECB’s Eurex Repo GC Pooling. Basket with a minimum score of A-/A3.
Carsten Hiller, Head of European Pensions Sales at Eurex: “The new offering supports Eurex’s ESG projects and demonstrates its continued efforts to help progress a well-functioning holistic ecosystem for green bonds. We believe this basket will facilitate greater participation of market participants, allowing them to manage collateral well while selling green projects.
Media Contact:
media-relations@deutsche-boerse. com
SOURCE: Deutsche Börse Group
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