The clearing house LCH has just announced that the investment bank of Intesa Sanpaolo Group, Banca IMI, has joined its CDSClear service. Banca IMI will now have access to clearing of credit derivatives referencing both Single Names and Indices, and is the first Italian member to join the clearing service. Banca IMI is already a…
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Global clearing house group LCH just announced that Deutsche Bank has gone live to offer client clearing via CDSClear. Deutsche Bank is the first German bank to offer this service. MEAG and Union Investment are the first clients to connect to CDSClear via Deutsche Bank. Frank Soussan, Global Head of CDSClear, said: We’re delighted that…
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The global clearing house LCH has just announced that 2018 was a record year for volumes across its clearing services at LCH Ltd and LCH SA. Equities, fixed income, and OTC derivatives clearing services all surpassed 2017’s clearing activity. Daniel Maguire, CEO, LCH Group, commented: 2018 was a strong year of delivery and innovation at…
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LCH, a global clearing house, has announced that J.P. Morgan has gone live as CDSClear’s first US bank to offer client clearing. As a result, Swedish pension fund AMF is now clearing European and US credit default swaps through CDSClear, using J.P. Morgan Securities Plc as its clearing broker. This development is the latest achievement…
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LCH, a global clearing house, today announced record volumes across multiple clearing services in 2017. LCH’s equities, fixed income, and OTC derivatives clearing services all surpassed previous years’ clearing activity. Volumes growth across the business has been driven by the roll-out of new products, effects of regulatory change and the onboarding of new customers across…
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LCH, a global clearing house, today announced that it has extended its CDSClear platform to include the clearing of credit index options. This addition to LCH’s credit derivatives clearing service follows the launch of CDX high-yield clearing in July 2017. LCH becomes the first CCP to clear credit index options CDSClear launches clearing of credit…
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LCH, a global clearing house, announced that has extended its CDSClear service to offer clearing for the CDX North American High Yield index. This latest addition to LCH’s credit derivatives clearing service follows the launch of clearing for the CDX North American Investment Grade index at LCH in 2016. LCH is the first European CCP…
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LCH, a global clearing house, announced today that its first European buy-side client is now live on CDSClear. Amundi is now clearing credit default swaps (CDS) at CDSClear via its clearing broker BNP Paribas. The expansion into client clearing is the latest development for CDSClear, which has seen activity on its service grow significantly in…
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