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GC Pooling Market
GC Pooling Market
Launched in March 2005, GC Pooling has become a highly liquid market for secured funding in EUR, USD, CHF and GBP. The international participants benefit from anonymous electronic trading through a central counterparty (CCP) with a real-time collateral management system.
It is easy to trade extremely large tickets and deals can be seamlessly completed and then processed automatically without any issues over credit or security allocation.
The compelling advantage of GC Pooling is the re-use possibility of received collateral for further money market transactions, the Eurex Clearing Margining process and refinancing within the framework of European Central Bank (ECB) open market operations provided the bank has a German banking license.
Multiple standard terms from overnight until more than two years are offered:
OverNight, TomNext, SpotNext, SpotTerm, FlexTerm, Open, Variable and Open/Variable terms.
The repo interest rates of the Variable and Open/Variable terms may reference to the STOXX GC Pooling EUR ON Index, STOXX GC Pooling EUR Extended ON Index, STOXX GC Pooling EUR TN Index, GC Pooling EUR SN Index or EONIA.
Open Order Book
The quote book contains all quotes entered by the participants with full market depth. The quotes are displayed per term/collateral combination including volume. All quotes are legally binding and will be automatically deleted at market close. Eurex Repo does not offer an automatic matching. The traders have to lift or hit a quote proactively. In addition to entering quotes two participants may agree on a trade bilaterally and enter the repo transaction into the system by using the pre-arranged trading functionality.
Pre-trading phase: 07:00 - 07:30 CET
Minimum EUR 1 Million
- No admission fees
- Minimum transaction fees of EUR 800/month
- Annual and transaction fees according to the below listed fee group
"Aggressor": Participant who lifts or hits quotes. "Non-Aggressor": Participant who actively quotes.
|Terms||Trade day||Settlement front leg||Settlement term leg|
|EUR GC Pooling OverNight (ON)||T||T via RTS||T+1 in SDS1|
|EUR GC Pooling Tomorrow Next (TN)||T||T+1 in SDS1||T+2 in SDS1|
|EUR GC Pooling SpotNext (SN)||T||T+2 in SDS1||T+3 in SDS1|
|EUR GC Pooling Spot Term||T||T+2 in SDS1||T+X in SDS1|
|EUR GC Pooling Flex Term||T||T+X in SDS1||T+Y in SDS1|
|USD GC Pooling Tomorrow Next (TN)||T||T+1 in RTS||T+2 in RTS|
|USD GC Pooling SpotNext (SN)||T||T+2 in RTS||T+3 in RTS|
|USD GC Pooling Spot Term||T||T+2 in RTS||T+X in RTS|
|USD GC Pooling Flex Term||T||T+X in RTS||T+Y in RTS|
|CHF GC Pooling Tomorrow Next (TN)||T||T+1 in RTS||T+2 in RTS|
|CHF GC Pooling SpotNext (SN)||T||T+2 in RTS||T+3 in RTS|
|CHF GC Pooling Spot Term||T||T+2 in RTS||T+X in RTS|
|CHF GC Pooling Flex Term||T||T+X in RTS||T+Y in RTS|
RTS = Real Time Settlement; SDS1 = Same Day Setttlement
Eurex Group on
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