Press Releases

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LCH SA goes live with repo clearing of Belgian debt
29 November 2017
Greater choice and more netting opportunities for RepoClear’s members Members of LCH SA can offset trades on Belgian debt with eligible European repo transactions cleared at LCH SA, through T2S Belfius Bank and KBC Bank among the first counterparties to clear Belgian repo transactions at LCH SA LCH Ltd continues to offer clearing of Belgian debt 
LCH clears first swaps referencing SARON
18 October 2017
Migration to new Swiss reference rate comes ahead of discontinuation of TOIS on 29 December 2017 SwapClear has cleared circa CHF 30 trillion in Swiss Franc-denominated interest rate derivatives since the service’s inception Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank among the first members to clear using the new rate
LCH launches new model for buy-side repo clearing
14 September 2017
Sponsored Clearing from RepoClear offers buy-side firms direct access to LCH Widens the universe of repo trades eligible for netting Insight Investment is the first asset manager to use the service, with NatWest Markets acting as the first clearing agent bank Available for repos across 11 government bond markets cleared at LCH Ltd
SwapAgent completes first trades
07 September 2017
Citi and Deutsche Bank execute first trades via SwapAgent Service is latest innovation from LCH, introducing new efficiencies for the non-cleared derivatives market Designed to standardise and streamline OTC market infrastructure Plans to expand offering to include cross-currency swaps in Q4 2017 14 dealers have confirmed support for the service
ForexClear clears $1 trillion of notional in one month
05 September 2017
New monthly record for cleared FX NDFs, increase of 8% from previous monthly record set in March 2017 Monthly cleared record made  up of over 130,000 trades Continuing material increase in demand for FX clearing driven by introduction of uncleared margin rules
LCH launches new client account type
14 August 2017
CustodialSeg account provides premium level of collateral protection for clients, with assets segregated at custodian level J.P. Morgan is the first clearing member to use the new account Aviva Investors is the first buy-side client to use the new account Euroclear Bank acting as International Central Securities Depository at launch
LCH SA and Euronext N.V. to sign binding terms for continued provision of derivatives clearing services
08 August 2017
New 10-year long-term derivatives clearing agreement for listed financial and commodity derivatives Improved value proposition for customers, including reduced clearing fees and providing continuity of service Improved operational flexibility and economic returns for LCH SA   Euronext to swap current 2.3% stake in LCH Group for an 11.1% minority stake in LCH SA LCH SA to implement MillenniumIT for listed derivatives enhancing resiliency and efficiency for the Group Agreement expected to be signed in Q4 2017