Mizuho Securities becomes first Japanese clearing member at LCH SA

Mizuho Securities is the first Japanese member to clear Euro debt at French operating LCH SA.

Mizuho Securities has joined the London Stock Exchange Group’s French operating clearinghouse LCH SA as the first Japanese clearing member.

LCH confirmed in a statement that Mizuho Securities was the first institution in Japan to access LCH SA’s Euro debt clearing services as a member of RepoClear. The move means that Mizuho can now access LCH’s netting pool of Euro-denominated debt, and benefit from risk management and efficiencies of central clearing.

“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,” said Nozomi Kishimoto and Amandine Triadu, head of repo Tokyo and London respectively at Mizuho Securities.

Corentine Poilvet-Clèdiere, head of RepoClear and collateral at LCH SA, described the partnership with Mizuho Securities as an important step in the development of LCH SA’s cash bond and repo trade clearing service.

“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,” she added.

Poilvet-Clèdiere joined LCH SA in January from the London Stock Exchange where she was formerly head of regulatory strategy, playing a central role engaging on policy issues, particularly in post-trade.  She was also part of the team involved in launching CDSClear as a former governance manager at LCH, prior to her role with the exchange group.