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LCH successfully completes transition to SOFR discounting
20 October 2020
Over one million contracts transitioned with a total notional of $120 trillion  Scope of transition included cleared interest rate swaps in SwapClear, deliverable and non-deliverable forwards and options in ForexClear, and cross-currency swaps in SwapAgent LCH calculated and processed compensation payments for resulting valuation changes and created compensating swap hedges for risk changes Client swap hedges totalling $24bn net notional successfully auctioned off at close to zero cost   Auction very well-supported with 18 primary dealer banks submitting competitive bids
LCH SA to clear EU’s SURE bonds
13 October 2020
€87.4 billion of loans  will be provided to 16 EU member states through EU’s SURE programme LCH SA to support the EU SURE programme by clearing these Bonds Clearing provides enhanced risk management, liquidity and efficiencies to market participants Members will benefit from clearing at RepoClear’s deep netting pool of EUR debt
LCH clears first Israeli Shekel-denominated swaps
16 September 2020
LCH is the first clearing house to offer clearing of Israeli Shekel-denominated interest rate swaps Launched in response to customer demand SwapClear offers clearing for interest rate derivatives across 27 global currencies
LCH clears first SORA swaps
19 May 2020
LCH is the first clearing house to offer clearing of Singapore Dollar swaps benchmarked to SORA Launched in collaboration with the market and in response to customer demand Demonstrates LCH’s continued support for global rates reform
Yutaka Imanishi appointed Head of Japan, LCH
02 April 2020
Responsible for LCH’s business in Japan Appointment demonstrates LCH’s long-term commitment to Japan and the wider Asia-Pacific region LCH is licensed by Japanese Financial Services Agency for offering clearing services of non-Yen IRS and FX non-deriverable forwards (NDFs) to Japanese financial insititutions