CDSClear
Increased trading efficiencies across credit derivative products
CDSClear’s volumes and market share have experienced rapid growth in recent years, reflecting the growing adoption of a clearing service that truly meets the needs of our members and clients.
Built in partnership with the industry, CDSClear is the only CDS clearing house based in Europe that offers clearing for combined European and US indices and their constituent Single Names, providing users with opportunities to maximise netting and capital efficiencies through margin offsets.
Innovation is the cornerstone of CDSClear, which is why we were the first CCP to support the clearing of credit index options. In addition to enhanced asset protection and extensive opportunities for portfolio margining, CDSClear users benefit from risk-free compression, tailored backloading and rebalancing for all participants – all within a transparent framework.
When you clear with CDSClear, a Eurozone-based LCH clearing service, you benefit from the years of experience and expertise that have established LCH as a leading provider of global clearing services across multiple asset classes. This allows CDSClear to focus on delivering unmatched capital and operational efficiencies, confident that its service is underpinned by a proven, robust and reliable risk management platform.
It’s this leadership in risk management and our proven willingness to innovate with unique products such as Credit Index Options, that enables us to optimise clearing for participants while addressing any regulatory requirement.
Industry Partnership
Proven commitment to working with members and their clients to continually enhance the service and drive greater efficiencies.
Product Breadth
The broadest European and US product coverage of any CCPs, including the largest number of single names and all European senior and subordinated financial single names, including member’s names.
Risk Management
A unique risk framework captures the wrong way risk associated with clearing senior financial names, including clearing members. As a result, we are the only European CCP to clear all senior financials indices along with their single name constituents.
Risk-free Compression
Reduces both the number of trades that could be impacted by credit events and the associated capital and operational costs, along with the associated risk reduction.
Backloading
Totally customised for clearing members and clients to optimise the volumes accepted and margins required on a daily or weekly basis.
Margin Rebalancing
Our monthly portfolio margining service rebalances risk across the CCP and applies to all CDS products. Margin can be reduced by up to 20 percent.
Trusted Default Management
Our loss attribution is based on a robust waterfall and risk neutralisation, with portfolios auctioned amongst surviving members.
Credit Index Option Clearing
CDSClear is the global leader in Credit Index Options clearing.
The fastest-growing global CDS clearing service
Built upon LCH’s proven risk management, you’re in safe hands at CDSClear
See the cost of protecting your trades by clearing at CDSClear
Clearing activity in index CDS and single-name CDS contracts
Everything you need to know about clearing at CDSClear, including pricing data
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A repository of the latest thinking and useful links from the CDSClear team