AMC Repo Clearing Logs Record June Volumes, Trades Cross 1K

Mumbai, Jul 2 (PTI) AMC Repo Clearing posted its strongest-ever monthly performance in June, with both the number of trades and traded value touching record highs since the clearing corporation began operations, reflecting rising activity in India's triparty repo market.

According to AMC Repo Clearing Ltd's (ARCL) monthly statistics, the clearing corporation processed 1,044 trades in June, the highest-ever in a month, with the trade value rising to Rs 1,38,171.95 crore, also an all-time high.

The previous record was set in April 2026, when ARCL cleared 900 trades worth Rs 1,22,039.75 crore.

Monthly trade value has jumped from Rs 76,764.40 crore in January 2026 to Rs 1.38 lakh crore in June, while the number of trades rose from 650 to 1,044 during the same period.

The increase was driven by higher participation from market players, resulting in stronger average daily trading volumes during the month.

"More participants are active, which has increased the daily average volume for June," Kashinath Katakdhond, Managing Director at ARCL told PTI.

He said the momentum is expected to continue as activity in the bond market gathers pace.


"More primary bond market issuances will drive volumes as repo will be used for funding the purchase of bonds," he said.

Katakdhond added that ARCL's Qualified Central Counterparty (QCCP) status is expected to broaden participation, particularly from banks.

"Qualified Central Counterparty Status (QCCP) for ARCL will encourage active participation by banks in the triparty repo product," he said.

Further, market participants said the rapid growth in triparty repo volumes also highlights the need to address liquidity fragmentation in India's corporate bond market.

Unlike the government securities market, where liquidity has steadily consolidated over the years, the corporate bond market remains fragmented across issuers and trading venues, limiting active institutional participation.

They pointed to the experience of the Clearing Corporation of India Ltd.

(CCIL), whose central clearing framework helped deepen the government securities market and supported the development of related products, including repos.
According to market participants, introducing cross-product netting between secondary market corporate bond transactions and repo trades could improve market efficiency by reducing settlement obligations, enhancing capital utilisation and creating a larger liquidity pool for the corporate debt market.