LCH continues to expand membership of CDSClear and its client clearing franchise with Bank of America the latest institution to go live as a clearing broker.
Traders can now choose LCH EquityClear as their preferred CCP for Euronext stocks traded on Cboe Europe’s UK order books.
The cross-currency basis swap between Bank of America and Lloyds highlights LCH's commitment to supporting the reform of reference rates.
Three UK clearing houses will be recognised as third country CCPs under EMIR while the European Commission’s temporary equivalence decision is in place.
The iTraxx MSCI ESG Screened Europe Index went live for trading in June is now being cleared by LCH CDSClear.
After confirming plans to adopt a time-limited equivalence decision in July, the European Commission has said equivalence for UK CCPs will now end in mid-2022.
Citi, Goldman Sachs, HSBC, and JP Morgan are among the brokers supporting clearing of Israeli Shekel swaps at LCH SwapClear.
As the European Commission finalises EMIR 2.2, it has confirmed a temporary equivalence decision for UK CCPs from January 2021.
Exchange traded products and global depository receipts cleared through LCH can be settled on Clearstream from the third quarter onwards.
Optimisation services provider Quantile has expanded its platform to include cleared interest rates following first run with LCH.