Banks will be able to offset margin calls for cleared interest rate swaps and listed futures.
Former CEO, Philippe Chambadal, to focus on reference data and fees management utilities “in anticipation of upcoming acquisitions.’
Deal will see EuroCCP offer clearing on Euronext equity markets, with plans to launch fully interoperable model.
Negative rates in Europe have hit demand for repo and securities finance products.
Differences in costs is driving the swaps clearing battle. Joe Parsons investigates if these costs could significantly increase between European clearers.
Maguire will now oversee LCH's global rates and FX derivatives businesses.
DTCC's Jennis said use of the utility won't take off until after the start of the margin requirements.
Portfolio compression is widely being adopted across the industry to reduce their capital requirements.
The rebrand comes 13 years after the London Clearing House and Clearnet merged.
Swaps clearing approval seen as major part of integration of LCH.Clearnet's Asian operations.