LCH CDSClear

Increased trading efficiencies across credit derivative products

The Benefits of Partnership

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.

Why LCH CDSClear?

When you clear with CDSClear, a Eurozone based clearing service of LCH, you benefit from the years of experience and expertise that has 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 optimize clearing for participants while addressing  any regulatory requirement. 

So What Makes Us Different?

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 & 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 customized for clearing members and clients to optimize 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 global leader for Credit Index Options.

CDSClear - What We Clear

The fastest-growing global CDS clearing service
 

CDSClear - Risk Management

Built upon LCH’s proven risk management, you’re in safe hands at CDSClear

CDSClear - Fees

See the cost of protecting your trades by clearing at CDSClear

CDSCLEAR - Volumes

Clearing activity in index CDS and single-name CDS contracts

CDSClear - Essentials

Everything you need to know about clearing at CDSClear, including pricing data

CDSClear - Team

Come to us with any comments or questions – we’re here to help

CDSClear - Resources

A repository of the latest thinking and useful links from the CDSClear team