Fixed Income Clearing Corporation ( FICC ), a subsidiary of US post-trade services provider Depository Trust & Clearing Corporation ( DTCC ), reports a new peak volume of US$11.8 trillion in cleared transactions on June 30. This is the highest volume recorded by FICC’s government securities division since April 9, when peak volume reached US$11.4 trillion.

FICC’s sponsored service also reached a new peak volume on June 30, clearing over US$2.48 trillion in sponsored activity, compared with the previous record of US$2.11 trillion on April 30, and providing US$1.14 trillion in balance sheet capacity to the industry on the same day.

“FICC’s long track record of successfully processing persistent volatility in US treasuries is a testament to our steadfast commitment to risk management and resiliency. At the same time, we are also providing increased balance sheet capacity to our members due to the value of central clearing with FICC,” says Laura Klimpel, managing director, head of DTCC’s fixed income and financing solutions.

“We are not only protecting one of the world’s largest financial markets by managing volatility and market stress but also enabling significant capital and liquidity efficiencies for our members.”