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LCH achieves strong volumes in 2020
11 January 2021
Services demonstrated operational resilience throughout unprecedented market conditions Continued to deliver innovations including launch of new products and services Continued leadership on global reference rate reform
LCH ForexClear non-deliverable FX options clearing goes live
07 January 2021
Non-deliverable FX options clearing complements ForexClear’s deliverable and non-deliverable offerings Provides further risk management, capital savings, margin and operational efficiency opportunities across FX portfolios Supports market participants in managing initial margin under the Uncleared Margin Rules Deutsche Bank and JPMorgan among the first participants to clear the product  
LCH CDSClear goes live with US credit index options clearing
07 December 2020
CDSClear launches clearing of credit index options on CDX investment grade (IG) and CDX high yield (HY) indices Builds upon LCH CDSClear’s existing credit index options clearing offering and liquidity Expansion provides members and clients with additional risk management, operational efficiency and funding benefits Demonstrates continued growth and innovation of the service
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