LCH RepoClear posts £23m margin breach
A member of RepoClear, LCH Ltd’s cash bond and repo trade-clearing service, incurred a margin breach of £23.3 million ($29.4 million) in the first quarter of this year – almost nine times bigger than the next-largest breach posted in Q4 2017, and the largest since public disclosure began in Q3 2015.
The clearing service posted a total of five margin breaches for the 18-month period ending March 31, averaging £9.5 million each.
LCH Ltd's other four clearing services, the London Stock Exchange
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