CurveGlobal is an LSEG-backed interest rate derivatives platform that offers trading and clearing of futures and OTC products for the full range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro-and sterling-based listed derivatives.
Trading takes place on London Stock Exchange Derivatives Market, a recognized investment exchange, with clearing and portfolio margining taking place at LCH.
Interest Rate derivative products:
- Short Term Interest Rate (STIR) futures on Three months Euribor® and Sterling
- Long Term Interest Rate (LTIR) futures on Schatz, Bobl, Bund and Long Gilt.
The Clearing House has designated the following interest rate derivative products as eligible for portfolio margining:
- Three-Month EURIBOR Interest Rate Futures
- Three-Month Sterling Interest Rate Futures
LCH Spider is an innovative tool that unlocks portfolio margining opportunities between Listed Rates and SwapClear-cleared OTC products for eligible Clearing Members and Clients. For more information please visit SwapClear.com.
The CurveGlobal market is cleared using SYNɑPSE the strategic derivatives clearing platform which gives members the benefit of one consolidated, consistent and comprehensive Listed Derivatives platform using FIXML industry standard messaging.
Margin is calculated using PAIRS, a VaR-based model already in use by LCH in other services. This approach will enable significant margin and capital efficiencies across derivatives products and act as a first step towards provision of wider efficiencies across the interest rate landscape.
More information on becoming a clearing member can be found here.
Existing clearing members wishing to clear these services please contact firstname.lastname@example.org