Press Releases

• LCH is the first CCP to introduce a clearing capability for Overnight Index Swaps (OIS) benchmarked to the South African Rand Overnight Index Average (ZARONIA). • ABSA Bank, Investec Bank, Nedbank Limited, The Standard Bank of South Africa and RMB, a division of FirstRand Bank Limited were the first participants to clear ZARONIA swaps, with Deutsche Bank and J.P. Morgan acting as clearing brokers. • LCH is committed to supporting interest rate benchmark reform in South Africa and globally.

Mizuho Bank Ltd joins SwapAgent as latest member, and processes first cross-currency swap through service. $17 trillion in notional was registered at SwapAgent by quarter end Q2 2024, up 68% on Q2 2023. 47 dealer entities from 15 countries now live at SwapAgent.

Wells Fargo third new clearing member to join LCH ForexClear in the past 12 months. LCH ForexClear has experienced strong growth across the service in 2024, with record volumes in June 2024.  Record NDF Average Daily Volume (ADV) of $132 billion cleared in June 2024, a 33% increase on June 2023. 84 clients and 41 member entities are now live on the service.

Marcus will lead CDSClear in the next phase of international expansion, particularly across the US He will also focus on bringing to market DigitalAssetClear and its subsequent development He joins the LCH SA leadership team, reporting to Corentine Poilvet-Clédière,CEO, LCH SA.

LCH SA will provide clearing services through its new LCH DigitalAssetClear service for cash-settled Bitcoin index futures and options contracts traded on the UK-based digital asset derivatives trading venue, GFO-X. LCH DigitalAssetClear service will provide market participants with access to clearing of crypto derivatives in a regulated environment. Demonstrates LCH SA’s commitment to bringing the benefits of clearing to this growing asset class and expanding its services as a truly international clearing house.

TD Securities is now live as a LCH SwapAgent member. 44 members from 12 countries registered more than $5.9 trillion in notional at LCH SwapAgent in 2023, with average daily volume (ADV) up 78% year-on-year. LCH SwapAgent’s services bring improved standardisation, efficiency and simplicity to the bilateral derivatives market.

BNP Paribas Securities Corporation has joined LCH CDSClear as it expands its offering to the US market. Service offers market participants further choice of where to clear their CDS portfolios.  LCH CDSClear offers widest breadth of products of any credit CCP globally.

LCH RepoClear SA has launched a new €GCPlus General Collateral clearing offering under the existing triparty basket repo product Delivered in collaboration with Euroclear, the EUR denominated Investment Grade green bonds basket is based on market recognised ESG securities reference criteria The offering supports LSEG’s commitment to being a strategic enabler of sustainable growth through the provision of critical market infrastructure, data and analysis

FX Smart Clearing service enables participants to selectively clear FX Forwards via LCH ForexClear to significantly reduce capital requirements and counterparty risk. Quantile’s optimisation then ensures the risk reduction is achieved within the relevant IM and risk constraints. Developed in response to customer demand for solutions which simultaneously manage counterparty risk, initial margin and capital.

UOB successfully clears its first Interest Rate and FX Derivative trades as a direct member of LCH  LCH extends its presence in Asia Pacific with 15 APAC direct members and over 170 clients Strong growth recorded across LCH SwapClear and ForexClear in APAC with 24% and 41% growth year-on-year in number of trades cleared respectively