How It Works

All transactions that are submitted to LCH SA are registered on a real time basis in its Clearing System in the name of the clearing member. Upon registration novation occurs.

The Cash Clearing System is open for the registration of trades between 9:00am CET to 5:40 pm CET. On receipt and confirmation of eligible transactions into the Clearing system, trades are governed under the rules of the LCH SA rulebook.

For transactions registered in the Cash Clearing System margins are required to cover the liquidation risk, and the negotiation risk. The calculations are made using SPAN ®.

Members of LCH are eligible to clear products subject to approval. More information on becoming a member can be found here.



Related Information

  • SA Cash & Derivatives Public Files
  • Buy in
  • SPAN ® Cash & Derivatives Clearing Files
  • Margin Parameters
  • Membership
  • LCH Rule Book
  • Connecting to SA
  • Cash & Derivative Clearing System Infomation