Listed Rates

Portfolio optimisation and margin efficiencies for rates

Clearing at Listed Rates

LCH’s Listed Rates clearing service provides a platform for generating significant capital and operational efficiencies between OTC and listed derivatives positions.

By clearing Listed Rates at LCH, which uses the same default fund as LCH 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 at LCH not only vastly reduces your credit risk exposure to other market counterparties; it can also potentially yield substantial portfolio margining benefits for members clearing OTC interest rate swaps at our SwapClear service using our LCH Spider tool.

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

If you are a Clearing member wishing to clear Listed Rates, please contact

* The “SONIA” mark is used under licence from the Bank of England (the benchmark administrator of SONIA), and the use of such mark does not imply or express any approval or endorsement by the Bank of England. “Bank of England” and “SONIA” are registered trademarks of the Bank of England.

Listed Rates - Risk Management

Risk management is at the core of everything we do here at LCH

Listed Rates - Teams

Come to us with any comments or questions – we’re here to help