LCH SA welcomes first Japanese clearing member 02 September 2019London Reporter: Jenna Lomax
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Mizuho Securities has become the first Japanese financial institution to access LCH SA鈥檚 Euro debt clearing services as a member of RepoClear.
By joining the service, Mizuho will have access to Euro-denominated debt, allowing it to benefit from the risk management and operational efficiencies of central clearing.
The financial institution is already a member of LCH Ltd鈥檚 RepoClear service.
Corentine Poilvet-Cl猫diere, head of RepoClear and collateral, LCH SA, said: 鈥淚鈥檓 delighted to welcome Mizuho as LCH SA鈥檚 first Japanese clearing member.鈥�
鈥淭his is an important step in the international development of RepoClear鈥檚 service, building on the consolidation of Euro debt clearing into LCH SA earlier this year. We look forward to continuing to expand our membership base and our service offering over the coming months.鈥�
Nozomi Kishimoto and Amandine Triadu, head of repo in Tokyo and London at Mizuho Securities, said: 鈥淏ecoming a member of LCH SA means that Mizuho is now able to benefit from the largest pool of Euro debt clearing in Europe. Clearing through LCH SA enables us to maintain access to this important liquidity pool while managing our counterparty risk effectively.鈥�
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