New partnerships with Clearstream, Euroclear and Iberclear will provide a single point of access to minimise cross-border hurdles.
The clearing house’s SwapClear service processed a massive $1.1 quadrillion in notional volumes from 6.4 million trades in 2020 despite the UK approaching the end of the Brexit transition period.
David Horner, head of risk at LCH, replaces Dennis McLaughlin as he is promoted to group head of financial risk at LSEG, according to an internal memo.
The bank has transferred its entire portfolio of derivatives composed mainly of interest rate swaps from London’s LCH to Eurex Clearing.
LCH CDSClear has extended its existing credit index options clearing offering to include the CDX investment-grade 5Y and CDX high yield 5Y indices.
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.