Press Releases
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LCH clears first trade for a Mexican bank
28 June 2018
BBVA Bancomer is first Mexican client to access SwapClear, following LCH’s recognition as a Foreign CCP from Banco de México
BBVA SA Madrid acts as clearing broker for the trade
LSEG acquires minority stake in AcadiaSoft
27 June 2018
LSEG completes acquisition of circa 16% minority stake in AcadiaSoft
LCH SwapAgent and AcadiaSoft sign heads of terms for an agreement to further streamline margin calculations and processing in the non-cleared derivatives market
Combines LCH’s global reach and track record in risk management with AcadiaSoft’s expertise in non-cleared market infrastructure
Improved operational efficiency for customers of both LCH SwapAgent and AcadiaSoft
LCH receives recognition as a central counterparty in Mexico
22 June 2018
Banco de México grants approval to LCH Ltd to clear OTC interest rate derivatives in Mexico
Offers greater choice to Mexican-domiciled participants subject to the Mexican derivatives clearing mandate
SwapClear’s offering now available to more participants clearing Mexican Peso denominated interest rate derivatives
Demonstrates LCH’s ongoing commitment to Latin America
LCH clears first non-deliverable interest rate swaps
02 May 2018
Clearing for Chinese Yuan, Korean Won and Indian Rupee-denominated non-deliverable interest rate swaps
J.P. Morgan and Standard Chartered among first participants to clear the products
SwapClear now offers clearing for derivatives across 21 currencies
Move follows a record quarter for SwapClear’s volumes, with $292 trillion cleared in Q1 2018
LCH’s EquityClear welcomes Cecabank as first Spanish clearing member
13 February 2018
Cecabank extends existing LCH Limited membership to include equities clearing
Builds on LCH Limited’s pan-European equities clearing service which includes clearing of Spanish stocks
Underlines LCH’s ongoing commitment to providing choice and efficiencies for European markets
LCH achieves a record year for volumes in 2017
08 January 2018
Continued growth across multiple asset classes in both LCH Ltd and LCH SA
Increased activity driven by new customers and additional flows from existing customers
$873 trillion in notional cleared at SwapClear in 2017; $608 trillion notional compressed
Euronext N.V. becomes shareholder in LCH SA
02 January 2018
LCH, a leading global clearing house, today announces the completion of Euronext N.V.’s swap of 2.3% stake in LCH Group for an 11.1% minority stake in LCH SA. This follows the agreement as outlined in the announcement of 8 August 2017 and the entry into a new long-term derivatives clearing agreement for listed financial and commodity derivatives.
Euronext remains represented on the Board of LCH SA.
LCH’s CDSClear Launches Credit Index Options Clearing
19 December 2017
LCH becomes the first CCP to clear credit index options
CDSClear launches clearing of credit index options on the IHS Markit iTraxx Main 5Y and IHS Markit iTraxx Crossover 5Y indices
Expansion of CDSClear will bring members and clients additional funding, capital and operational benefits
LCH’s SwapClear expands Australian Dollar offering
06 December 2017
SwapClear adds Australian Dollar BBSW vs AONIA overnight basis swaps (AUD BOBs) to its cleared interest rate derivative product offering
Complements existing AUD product suite, builds on LCH’s leading position in the Australian interest rate derivatives market
First trades cleared this week
AUD is the 4th largest currency cleared at SwapClear, by notional cleared to date in 2017
Expansion is one of a number of recent product extensions at SwapClear
LCH clears over $700 million in G10 NDF in one month
05 December 2017
Five G10 currency pairs now available for clearing at ForexClear
Expansion of ForexClear builds on current emerging market NDFs offering
Record volume of over $110 billion in notional cleared across entire ForexClear service in one day, on 28 November
Follows service’s rapid growth in clearing volumes since introduction of uncleared margin requirements