LCH Ltd opens Swedish Krona account with Sveriges Riksbank, central bank of Sweden
- Provides LCH’s UK entity with access to liquidity at the Swedish central bank
- LCH Ltd now maintains central bank accounts in seven currencies
LCH Ltd, a leading global clearing house, announced today that it has established deposit and liquidity facilities with Sveriges Riksbank, the central bank of Sweden. LCH is now able to settle its Swedish Krona payments via RIX, the central bank’s Real Time Gross Settlement (RTGS) platform. LCH is also a direct member of RIX.
LCH also maintains central bank concentration accounts in Australian Dollars, Canadian Dollars, Euros, Norwegian Krone, Sterling and Swiss Francs.
Martin Pluves, CEO LCH Ltd, said: “Global regulations encourage CCPs to have access to central bank accounts where appropriate, and this is another example of our continued endeavours to improve credit and liquidity risk management. Opening accounts with Sveriges Riksbank extends LCH’s important liquidity sources and we are pleased to have cemented our relationship with the Swedish central bank in this way.”
For further information
Rhiannon Davies, Tel: +44 (0)20 7426 7523
Lucie Holloway, Tel: +44 (0)20 7797 1126
LCH is a group of leading multi-asset clearing houses that provides proven risk management capabilities across a range of asset classes. As demand for robust clearing services continues to grow, LCH is committed to maintaining the highest standards of risk management across all our services.
As the markets’ partner, LCH operates an open access model, offering a choice of execution venues, delivering unprecedented choice and efficiencies to the marketplace.
LCH operates clearing houses around the world, with clearing houses incorporated in the UK, France and the United States with additional offices in the Asia Pacific region. It offers clearing services across asset classes including OTC and listed rates; CDS and FX; fixed income; commodities; cash equities and equity derivatives.
LCH is majority owned by London Stock Exchange Group (LSE.L), an international markets infrastructure business that sits at the heart of the world's financial community.
Further information on LCH can be found at www.lch.com
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