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Listed Rates

Optimise your Rates portfolio in one venue

Listed Rates clearing at LCH

LCH’s Listed Rates clearing services provide a platform for generating significant capital and operational efficiencies between OTC and listed derivatives positions. Through CurveGlobal, members and their clients can trade futures contracts listed on LSEDM and clear them at LCH.

By clearing CurveGlobal products through LCH, which uses the same default fund as SwapClear, members can realise substantial margin efficiencies – portfolio margining their listed futures positions against SwapClear OTC’s interest rate swap positions, through LCH Spider.

That means reduced counterparty risk, delivered with a lower margin requirement for your business. It’s a win-win. 

LCH has over 25 years experience in clearing listed derivatives across a number of asset classes, and it shows in the sophistication of our clearing offering.

In interest rate markets, we provide clearing options for a range of short-term and long-term derivatives, including both cash-settled and physically settled interest rate futures.

With a growing suite of cleared exchange-traded derivatives, and continually expanding trading efficiencies afforded through the development of innovative new tools, LCH’s futures clearing exemplifies our commitment to being the markets’ partner. 

CLEARING CURVEGLOBAL LISTED FUTURES

LCH offers clearing for a number of listed rates contracts that can be executed on CurveGlobal, the fixed income trading venue operated by the London Stock Exchange Group.

Among the CurveGlobal listed products accepted for clearing at LCH are a selection of both short-term interest rate (STIR) and long-term interest rate (LTIR) derivatives instruments that are available to trade on the CurveGlobal platform.  

Clearing these contracts with LCH not only vastly reduces your credit risk exposure to other market counterparties, but it can also potentially yield substantial portfolio margining benefits for LCH members clearing OTC interest rate swaps on our SwapClear service using our LCH Spider offering.

Clearing futures at LCH makes your portfolio safer and more efficient.

Clearing members wishing to clear these services please contact listedratesmembershipsales@lch.com