CommodityClear at LCH SA: Related Information

In this section you can find other related information about clearing at LCH SA's CommodityClear service.

LCH SA Rulebook

LCH SA Derivatives Margin Methodology

Connecting to LCH SA

Connecting the LCH SA is a streamlined process. Below, you can find links to information on our connectivity requirements

Connectivity Guide


Cash and Derivatives Clearing System Information

LCH SA provides its members with an international standard clearing system, benefiting from the following technical advantages:

  • Single access to the LCH SA clearing services which allows subsequent margin offsets and cost reductions
  • Open architecture offering greater opportunities for the automation of the back-office processes
  • Modular architecture that allows ongoing adaptations


LCH SA's global solution offers market participants:

  • Common access to all markets served
  • Harmonisation of clearing principles
  • Adopting international standards in order to respond to the demand formulated by the financial community (particularly from global clearers working on multiple markets)
  • Harmonise systems on the financial markets

Advantages of the Cash and Derivatives Clearing System:  

  • Open architecture, providing dialogue between members' internal computer systems and clearing houses
  • Real-time operations, enabling market participants to better manage their positions and risks
  • Detailed position keeping, allowing for balancing between unit accounts in the position keeper's books and those managed by the clearing house

Operational uses of the Cash and Derivatives Clearing System:

  • Postings and give-ups
  • Position keeping by account
  • Management of an account base (opening, modification, closure)
  • Actions on position (exercise, abandonment, assignments)
  • Adjustments (corrections, transfers, offsets)
  • Calculation of margins and premiums
  • Calculation of initial margins (SPAN® method)