Press Releases
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LCH SwapAgent goes live with Cross-Currency Basis Swaps
30 November 2017
Credit Suisse and Deutsche Bank conduct the first Cross-Currency Basis Swap processed through LCH SwapAgent
ICAP acts as interdealer broker for the first brokered trade in LCH SwapAgent
Extends efficiencies and infrastructure of clearing to the non-cleared Cross-Currency Basis Swap market
14 dealers have already confirmed their support for LCH SwapAgent
LCH SA goes live with repo clearing of Belgian debt
29 November 2017
Greater choice and more netting opportunities for RepoClear’s members
Members of LCH SA can offset trades on Belgian debt with eligible European repo transactions cleared at LCH SA, through T2S
Belfius Bank and KBC Bank among the first counterparties to clear Belgian repo transactions at LCH SA
LCH Ltd continues to offer clearing of Belgian debt
LCH Ltd opens Swedish Krona account with Sveriges Riksbank, central bank of Sweden
28 November 2017
Provides LCH’s UK entity with access to liquidity at the Swedish central bank
LCH Ltd now maintains central bank accounts in seven currencies
John Horkan appointed LCH Group Chief Operating Officer
27 October 2017
Responsibilities include the development and execution of LCH’s integrated global strategy
John will remain as LCH Head of North America
Daniel Maguire appointed as Chief Executive Officer of LCH Group
18 October 2017
Suneel Bakhshi to step down as Chief Executive Officer of LCH Group
Suneel to assume role of Chairman, LSEG International Advisory Groups
LCH clears first swaps referencing SARON
18 October 2017
Migration to new Swiss reference rate comes ahead of discontinuation of TOIS on 29 December 2017
SwapClear has cleared circa CHF 30 trillion in Swiss Franc-denominated interest rate derivatives since the service’s inception
Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank among the first members to clear using the new rate
LCH launches new model for buy-side repo clearing
14 September 2017
Sponsored Clearing from RepoClear offers buy-side firms direct access to LCH
Widens the universe of repo trades eligible for netting
Insight Investment is the first asset manager to use the service, with NatWest Markets acting as the first clearing agent bank
Available for repos across 11 government bond markets cleared at LCH Ltd
SwapAgent completes first trades
07 September 2017
Citi and Deutsche Bank execute first trades via SwapAgent
Service is latest innovation from LCH, introducing new efficiencies for the non-cleared derivatives market
Designed to standardise and streamline OTC market infrastructure
Plans to expand offering to include cross-currency swaps in Q4 2017
14 dealers have confirmed support for the service
ForexClear clears $1 trillion of notional in one month
05 September 2017
New monthly record for cleared FX NDFs, increase of 8% from previous monthly record set in March 2017
Monthly cleared record made up of over 130,000 trades
Continuing material increase in demand for FX clearing driven by introduction of uncleared margin rules
LCH launches new client account type
14 August 2017
CustodialSeg account provides premium level of collateral protection for clients, with assets segregated at custodian level
J.P. Morgan is the first clearing member to use the new account
Aviva Investors is the first buy-side client to use the new account
Euroclear Bank acting as International Central Securities Depository at launch