State Street strikes first FICC sponsored repo trade with ICE Clear

State Street has completed the first trade with ICE Clear U.S., a clearing house owned by Intercontinental Exchange, Inc., as a sponsored member counterparty. This deal comes after ICE signed on as a sponsored member of State Street within the Fixed Income Clearing Corporation (FICC) Sponsored Repo Program. State Street has USD150bn in sponsored repo balances and serves 145 clients and more than 1,900 individual entities, including mutual funds, UCITS, alternative asset funds, insurers, state plans, Federal Home Loan and other banks and corporates, across twelve jurisdictions.