LCH RepoClear sees record quarter in Q1 2020 08 April 2020 London Reporter: Maddie Saghir
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LCH has revealed a record quarter for clearing GBP at RepoClear for Q1 2020, with €9.3 trillion cleared, up 3 percent from Q1 2019.
RepoClear saw a total of €51.6 trillion cleared across Ltd, LCH’s UK registered clearinghouse, and SA, LCH’s continental clearinghouse, during Q1 2020.
Meanwhile, 11 March was a record day across RepoClear’s SA and Ltd services, with €1.22 trillion nominal cleared that day. The record day for RepoClear SA achieved during March saw €941 billion cleared.
RepoClear is one of eight clearing services by LCH, alongside CDSClear, CommodityClear, EquityClear, ForexClear, Listed Rates, SwapAgent and SwapClear.
Another record was reached for SwapClear with $402 trillion in notional cleared in Q1, up 26 percent from the same period in 2019.
LCH observed that SwapClear Q1 saw three record days for notional cleared; and 10 March was a record day for the number of trades cleared.
Additionally, LCH’s SA EquityClear service also saw a record quarter for Q1 2020 with 195 million trade sides, cleared in Q1 2020, up 45 percent from the previous high in Q1 2016.
Commenting on its Q1 update, LCH stated: “LCH’s main priorities are ensuring the orderly functioning of markets, continuity of service to its customers and supporting financial stability.”
LCH added that it continues to operate as normal, notwithstanding the recent market volatility and trading volumes.
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