RepoClear sees record quarter 04 April 2019London Reporter: Maddie Saghir
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The first quarter of this year marked a record quarter for RepoClear in terms of nominal cleared across LCH.
LCH revealed that €52.4 trillion was cleared, a 9.5 percent increase from the same period last year.
RepoClear’s gross outstanding nominal for March this year stood at €3.4 trillion, and according to LCH, this demonstrates the compelling netting opportunities available for the market at LCH.
In February this year, RepoClear members successfully consolidated European debt clearing activity in LCH SA.
This followed the go live of additional government debt clearing at the central counterparty.
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