LCH SA has reported record Q1 activity for its RepoClear business, with nominal cleared value for euro-denominated transactions rising 21 per cent YoY to a new high of €65 trillion. This was registered across 3.0 million trades for the quarter, a 15 per cent increase on Q1 2022.
The Paris-based clearing house has also recorded a number of monthly and daily records for its RepoClear service.
Gross outstanding hit a new high of €3.7 trillion on 21 March, with the clearing house indicating that daily nominal cleared value exceeded €1 trillion on almost every day since the start of February.
Daily nominal cleared reached a new high of more than €1.1 trillion on 17 March.
Additionally, daily trade count hit a new peak of 51,224 trades on 2 March.
LCH SA RepoClear reports that March 2023 has been its best month on record in terms of nominal cleared at more than €24 trillion. It also hit a new peak for cash values cleared, at €23 trillion, and trades registered, at 1.1 million.
