Press Releases
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LCH SwapAgent processes first trades for KfW using EUR Transport Currency
28 March 2023
KfW transacts first Transport Currency trades through LCH SwapAgent, with Bank of America, Commerzbank, Danske Bank and Santander as counterparties.
Transactions highlight LCH SwapAgent’s commitment to working with participants in the uncleared derivatives market to develop innovative solutions.
LCH SwapAgent offers standardised infrastructure and efficiencies to the uncleared derivatives market.
LCH ForexClear clears Standard Chartered and IndusInd Bank’s first NDF client trade
06 March 2023
A record $516 billion in client notional cleared at ForexClear in 2022, with 69% from APAC clients.
Transaction further reinforces LCH’s commitment to servicing clients in the APAC region.
LCH SwapAgent processes first trade under DRV German Master Agreement
13 February 2023
Commerzbank AG and Unicredit Bank AG acted as counterparties to the cross-currency swap
Extension of the LCH SwapAgent rulebook highlights commitment to standardisation, efficiency and simplicity in the bilateral derivatives market
LCH SwapAgent registered $7.5 trillion in notional by the end of 2022, up 105% from 2021
Record clearing volumes at LCH with growth across services and regions; expansion of offering for the uncleared derivatives market
19 January 2023
Record volumes registered across LCH clearing services including SwapClear, ForexClear, RepoClear, EquityClear and CDSClear, as well as at SwapAgent
Expansion of offering for the uncleared derivatives market through acquisitions of Quantile and Acadia*
LCH CDSClear continues global expansion with launch of clearing for Sovereign Single Names and new indices
15 December 2022
LCH CDSClear launches clearing of iTraxx Asia ex-Japan Indices and CDX Emerging Market Indices, and their single name constituents, as well as other Sovereign single name CDS including Western European name
Clearing services expanded to offer users the widest breadth of products of any credit CCP globally
Service enables access to significant funding capital and operational efficiencies available through clearing
LCH SwapClear extends clearing eligibility to SWESTR and DESTR reference rates
14 December 2022
LCH SwapClear is the first clearing house to offer clearing of Overnight Index Swaps using the DESTR risk free rate
Extension of service demonstrates LCH’s commitment to supporting interest rate benchmark reform globally
LCH SwapClear offers clearing for interest rate products across 27 global currencies
Schroders first European asset manager to clear with LCH ForexClear
14 November 2022
Schroders becomes first European asset manager to clear with LCH ForexClear
Strong growth recorded across LCH ForexClear services with a record $19.1 trillion cleared in total notional in first nine months of 2022, up 17% year on year
Q3 2022 sees record quarter for non-deliverable FX client clearing volumes at $140 billion, 146% higher than in Q3 2021
LCH ForexClear offers expert risk management for FX NDFs, FX Options, FX Spot and FX Swaps & FX Forward Outrights*
DBS joins LCH SwapClear as the first direct member in Singapore
17 October 2022
SwapClear offers clearing for interest rate derivatives across 27 global currencies
Services in Asia Pacific (APAC) continue to grow with 13 APAC direct members and 170 clients
LCH EquityClear SA goes live with new Value at Risk (VaR) margin model for Cash Equities
12 July 2022
VaR as the new risk methodology[1] will be applied across 12 regulated markets and MTFs
VaR captures all risk factors and respective correlations through a standard approach requirement and has an enhanced capacity to adapt to market volatility
Reaffirms EquityClear SA’s commitment to improving efficiency for its clearing members
LCH RepoClear SA goes live with new Value at Risk (VaR) model
21 June 2022
VaR as the new risk methodology[1] will be applied across 13 Euro debt markets
VaR offers better recognition of diversified portfolios, supports stability and predictability of the margin requirement, and enhanced capacity to adapt to market volatility
Reaffirms RepoClear SA’s commitment to improving margin efficiency for its members