Press Releases
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LCH SwapAgent processes its first SARON/SOFR cross-currency basis swap
08 July 2021
Citi and Societe Generale acted as counterparties to the swap
LCH SwapAgent has processed trades in alternative reference rates across CHF, EUR, GBP, JPY and USD
Underlines LCH Group’s efforts supporting reference rate reform
LCH appoints James Pearson as Head of ForexClear
24 May 2021
Responsible for LCH’s FX derivatives clearing service
James to oversee continued growth at ForexClear
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 SA goes live clearing for Oslo Børs Derivatives Market
10 December 2020
Provides enhanced risk management, liquidity and efficiencies to market participants
Clearing available for listed equity derivatives contracts on Norwegian single stocks and indexes
Latest milestone in LCH SA’s expansion of trading venues
LCH Ltd’s RepoClear welcomes Clearstream as its first clearing member from Luxembourg
09 December 2020
Clearstream is the first member from Luxembourg to clear Sterling debt at LCH Ltd
First ICSD to become a member of RepoClear
Benefits from accessing RepoClear’s large pool of cleared liquidity
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 SA connects to Cboe Europe for equities clearing
06 October 2020
LCH SA offers clearing of all Euronext stocks traded on Cboe Europe’s UK order books
Clearing available via the “Preferred CCP” model
Market participants benefit from the efficiencies of consolidating activity at one CCP