Clearing for SwapClear

Summary

This course assumes that delegates have an understanding of interest rate swap products. If required, introductory training on the products in which LCH offers central counterparty services is provided on Understanding the Markets.

A tailored training programme will be designed for your organisation's specific requirements, which could include the sessions detailed on the below training programme.

Body

Training Programme

Date: This training is arranged upon request
Location: LCH Ltd Training Facility
Aldgate House
33 Aldgate High Street
London
EC3N 1EA

Registration and Coffee (10 mins)

SwapClear Operations (45 mins)

  • Clearing Function
  • SwapClear Product Scope
  • LCH.Clearnet Website and Secure Area
  • SMART
  • Key Statistics and Registration Trends
  • Registration of Trades and Key Timings
  • Client Clearing
  • Trade Lifecycle Events
  • Reporting
  • Client Services Function
  • Future Developments

SwapClear Client On-boarding (15 mins)

  • Overview of SwapClear Client On-boarding
  • Client On-boarding Requirements
  • Workflow Testing
  • Client Reporting
  • SwapClear Client On-boarding System

Risk Management and Margining for SwapClear (60 mins)

  • Margin Types
  • Margining Methodology (PAIRS)
  • Risk Reports
  • Default Management Process

Break (10 mins)

Collateral Operations and Banking Reports Reconciliation (60 mins)

  • The Role of LCH.Clearnet Collateral Operations
  • Protected Payment System (PPS) Process
  • Banking Reports

Collateral Lodgement and Withdrawal Procedures (30 mins)

  • Acceptable Collateral
  • Custodians and Accounts
  • Regulation
  • Collateral Management System
  • Securities Settlements
  • Coupons
  • Collateral Reports

Questions and Answers

Associated Training

Further information about MarkitWire can be obtained by accessing https://ihsmarkit.com/products/markitserv.html. For specific questions please contact

Customer Services

 

Telephone:

+44 (0) 84 4 994 7378

(when calling from outside the UK: +44 203 367 0554)

 

Email:

support@markitserv.com

New Clearing Members and those extending their Clearing Member status to include the clearing of SwapClear business are allocated free places on this course as part of the application process.

To arrange refresher training on Clearing for SwapClear please contact the Member Training Team