Dresdner Bank is offering external third-party clients clearing services over the London Clearing House's (LCH) RepoClear system.
Since January this year, Dresdner Bank's London branch has been providing technical third-party RepoDealer services for clients within the Dresdner Bank Group, but this will be the first time external third-party clients can also use the system.
Alex Wilkinson, managing director, listed products group, Dresdner Bank London branch, says: "Our customers require a fully integrated service across all asset classes covered by the London Clearing House (LCH) and, as such, it is our intention to fully implement these services as quickly and as accurately as possible working in partnership with the LCH."