Press Releases
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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
LCH SwapAgent processes its first SONIA/SOFR cross-currency basis swap
28 September 2020
Highlights LCH SwapAgent’s commitment to supporting industry efforts to reform reference rates
Bank of America and Lloyds Bank Corporate Markets acted as counterparties to the swap
LCH SwapAgent offers standardised infrastructure and efficiencies to the non-cleared derivatives market
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
European Investment Bank joins LCH SA as first supranational clearing member
08 July 2020
European Investment Bank live accessing €GCPlus at LCH RepoClear
First supranational institution to become a clearing member of LCH SA
LCH clears first SORA swaps
19 May 2020
LCH is the first clearing house to offer clearing of Singapore Dollar swaps benchmarked to SORA
Launched in collaboration with the market and in response to customer demand
Demonstrates LCH’s continued support for global rates reform
Yutaka Imanishi appointed Head of Japan, LCH
02 April 2020
Responsible for LCH’s business in Japan
Appointment demonstrates LCH’s long-term commitment to Japan and the wider Asia-Pacific region
LCH is licensed by Japanese Financial Services Agency for offering clearing services of non-Yen IRS and FX non-deriverable forwards (NDFs) to Japanese financial insititutions