Global clearing house LCH announced that they have just added Mizuho Securities Co., Ltd to their members list. Mizuho is the first Japanese financial institution to access LCH SA’s Euro debt clearing services as a member of RepoClear.
The financial institution will now have access to the largest netting pool of Euro-denominated debt and will benefit from the risk management and operational efficiencies of central clearing.
Corentine Poilvet-Clèdiere, Head of RepoClear and Collateral, LCH SA, said:
I’m delighted to welcome Mizuho as LCH SA’s first Japanese clearing member. This is an important step in the international development of RepoClear’s 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.
Nozomi Kishimoto and Amandine Triadu, Head of Repo in Tokyo and London respectively at Mizuho Securities commented:
Becoming 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.