LCH’s CDSClear to offer client clearing of credit index options
As part of the launch, BNP Paribas and JP Morgan become the first banks to provide client clearing of credit index options through CDSClear.
As part of the launch, BNP Paribas and JP Morgan become the first banks to provide client clearing of credit index options through CDSClear.
Regulators confirmed plans earlier this year to consult on the potential extension of a select few CCPs until the end of June 2025.
Follows the London Stock Exchange Group’s move to halt VTB Capital’s trading membership on 27 February.
Additional routes to clear European equities will offer users increased margining and settlement netting efficiencies.
Several LCH services reported record clearing volumes last year, including SwapClear, SwapAgent and RepoClear.
European securities regulator found that the risks associated with derecognising the Tier 2 central counterparties did not outweigh the benefits of keeping them in place.
European Commissioner intends to minimise short-term risk of disruption through the extension.
New development will deliver clearing certainty during the Asia Pacific morning for SwapClear’s regional members and clients, including the Australia market, said LCH.
Industry working group identifies opportunities to better protect financial market infrastructures’ data in case of cyber-attacks.
The Taiwanese bank has gone live as a client clearing FX derivatives using the ForexClear service at LCH with UBS acting as the clearing broker.