The volume of repos in the SISBEX/Clearinghouse reached a new record on Friday, May 25th: R$ 63.8 billion. This value exceeds in more than R$ 10 billion the previous record, set only two days ago.
These volumes reflect the trading facilities and advantages offered by the SISBEX/Securities Clearinghouse. The best price formation for securities is one of these important advantages.
Added to this, among other benefits, are the facilities for back-office processes, which allow reduction of both risk and operational costs. An example of this is general collateral repo transactions, which corresponded to more than 98% of the volume mentioned above. The innumerable trades carried out by a given institution involving general collateral repos may correspond to only one flow of payments and securities, because the settlement of all trades is made considering the net volumes. In OTC markets, each trade must be settled individually.
The reduction of trading costs in the SISBEX/Securities Clearinghouse also contributed to the volume increase.