LCH.Clearnet is pleased to announce that in the first quarter of 2008, its Fixed Income clearing business continued to demonstrate strong growth with a record €120 trillion of term-adjusted repo volume cleared; representing a 34% increase over the same period in 2007.
Commenting on business performance, John Burke, Director of Fixed Income said “These performance figures are very encouraging and I am particularly heartened that, at such a difficult and uncertain time in the fixed income markets, the value to our customers of their using LCH.Clearnet’s central counterparty service appears to have been reinforced.
Furthermore, the remarkable performance of our Euro and Sterling repo products and continuation of high levels of inter-bank repo trading activity, provides additional counterparty risk management benefits to our members and bodes well for the introduction of the RepoClear EuroGC service which will be launched shortly”.
