Our Clearing Houses

An introduction to LCH Ltd and LCH SA

LCH Group Structure

LCH Group operates of some the largest and most-sophisticated clearing services operating in financial markets today.

Some are the undisputed leader in the markets they operate in, such as SwapClear, our clearing service for OTC interest rate swaps.

Others are distinguishing themselves by rapid growth, such as our FX clearing service ForexClear, which is taking the non-deliverable forwards market by storm.

And some are defined by visionary innovation, such as CDSClear, the market’s first credit derivatives clearing service to offer clearing of single-name CDS referencing financial names.

All of our clearing services are situated within LCH Group’s two clearing houses: LCH Ltd, which is our UK-based clearing house, and LCH SA, which is our clearing house registered and located in France.

LCH Ltd

LCH Ltd is our UK-registered clearing house. Clearing services housed within LCH Ltd include SwapClear, ForexClear, RepoClear Ltd, EquityClear Ltd, CommodityClear Ltd and LCH’s cleared Listed Rates business.

LCH Ltd Clearing Members and their clients benefit from LCH’s unrivalled suite of cleared listed and OTC instruments, our best-in-class product innovations in compression and portfolio margining, as well as the most sophisticated risk management standards attainable in the market today.

These include the broadest selection of customer protection and segregation options for their positions and the industry’s most advanced margin methodologies backed by the market’s most exacting collateral standards.

That’s what makes LCH The Markets' Partner.

LCH SA

LCH SA is our France-registered clearing house. Clearing services housed within LCH SA include CDSClear, RepoClear SA, EquityClear SA and CommodityClear SA.

LCH SA Clearing Members and their clients enjoy LCH’s unmatched offering in cleared listed and OTC products and industry-leading innovations that make managing cleared portfolios easier through tools such as trade compression and portfolio margining.

LCH SA members also benefit from the highest risk management standards achievable in the market. These include the widest selection of customer protection and segregation options for their positions and the industry’s most sophisticated margin methodologies underpinned by the market’s most rigorous collateral requirements.

That’s why LCH truly is The Markets' Partner.