LCH SA welcomes Mizuho as its first Japanese clearing member

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Summary
  • Mizuho Securities Co., Ltd live clearing Euro debt at LCH SA
  • Demonstrates international appeal of LCH’s clearing offering, representing the largest European pool of cleared debt
Body

LCH, a leading global clearing house, today announced that Mizuho Securities Co., Ltd (Mizuho) has become the first Japanese financial institution to access LCH SA’s Euro debt clearing services as a member of RepoClear. By joining the service, Mizuho is now able to access the largest netting pool of Euro-denominated debt, allowing it to benefit from the risk management and operational efficiencies of central clearing.

The financial institution is already a member of LCH Ltd’s RepoClear service. 

Corentine Poilvet-Clèdiere, Head of RepoClear and Collateral, LCH SA,  said: “I’m delighted to welcome Mizuho as LCH SA’s first Japanese clearing member. This is an important step in the international development of RepoClear’s service, building on the consolidation of Euro debt clearing into LCH SA earlier this year. We look forward to continuing to expand our membership base and our service offering over the coming months.”

Nozomi Kishimoto and Amandine Triadu, Head of Repo in Tokyo and London respectively at Mizuho Securities said: “Becoming a member of LCH SA means that Mizuho is now able to benefit from the largest pool of Euro debt clearing in Europe. Clearing through LCH SA enables us to maintain access to this important liquidity pool while managing our counterparty risk effectively.” 

For further information
Rhiannon Davies, Tel: +44 (0)20 7426 7523

Lucie Holloway, Tel: +44 (0)20 7797 1126

About LCH
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 also serves the non-cleared derivatives market through LCH SwapAgent, a new service which extends the efficiencies and infrastructure of clearing to the market, without acting as a central counterparty. 

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

 

To view a French version of this announcement, please click here.

To view a Japanese version of this announcement, please click here.