In December 2015, the European Repo and Collateral Council (ERCC) of the International Capital Market Association (ICMA) conducted the 30th in its series of semi-annual surveys of the repo market in Europe. The latest survey asked a sample of financial institutions in Europe for the value and breakdown of their repo contracts that were still outstanding at close of business on December 9, 2015. Replies were received from a record 72 offices of 68 financial groups, mainly banks. Returns were also made directly by the principal automatic repo trading systems (ATS) and tri-party repo agents in Europe, as well as by the London-based Wholesale Market Brokers’ Association (WMBA).