Tag: LCH

June 22, 2018 BY LeapRate Staff

LCH SwapClear receives recognition as a central counterparty in Mexico

Global clearing house LCH has announced that it has obtained recognition as a central counterparty from the Banco de México. The recognition for LCH’s SwapClear Service is effective from June 22, 2018 and provides a greater choice of CCPs to those participants affected by the Mexican clearing mandate. With this recognition, LCH can expand clearing…

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May 02, 2018 BY Valentina Kirilova

LCH begins clearing of non-deliverable interest rate swaps

The global clearing house LCH has just announced that it has begun clearing of non-deliverable interest rate swaps. Market participants are now able to clear this product denominated in Chinese Yuan, Korean Won and Indian Rupee. This is the first time that SwapClear has offered clearing of derivatives denominated in these currencies. Clearing for Chinese Yuan,…

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Bank of China (UK) Limited joins LCH’s SwapClear
December 19, 2017 BY Valentina Kirilova

LCH’s CDSClear launches credit index options clearing

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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November 29, 2017 BY Valentina Kirilova

LCH SA goes live with repo clearing of Belgian debt

Another news today from LCH, as the company announced that it has extended its RepoClear service in LCH SA, its continental Europe-based entity. The Paris-based clearing house is now offering clearing for cash and repo trades on Belgian government bonds. Belfius Bank and KBC Bank were among the first members to clear the new product…

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October 27, 2017 BY Valentina Kirilova

John Horkan appointed LCH Group Chief Operating Officer

LCH, the global clearing house, today announced that John Horkan has been appointed as LCH Group Chief Operating Officer (COO), effective immediately. He assumes this role in addition to his current responsibilities as LCH Head of North America. John Horkan will continue to be based in New York reporting to Daniel Maguire, Chief Executive Officer…

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LCH non-deliverable interest rate swaps
October 19, 2017 BY Valentina Kirilova

LCH clears first swaps referencing SARON

Multi asset global clearing house LCH announced that it is now clearing Swiss Franc (CHF) interest rate swaps referencing SARON, the Swiss average overnight rate. The move comes ahead of the migration of CHF reference interest rates from TOIS to SARON, scheduled for 29 December 2017. Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank were among…

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Daniel Maguire LCH
October 18, 2017 BY LeapRate Staff

LCH promotes Daniel Maguire to CEO, replacing Suneel Bakhshi

Multi asset global clearing house LCH has announced that Daniel Maguire (pictured above) has been appointed as Chief Executive Officer of LCH Group, with immediate effect. The appointment follows Suneel Bakhshi’s decision, earlier this summer, to step down from his role as Chief Executive Officer of LCH Group after four years in the role. The…

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September 15, 2017 BY Valentina Kirilova

MTS launches direct electronic dealer-to-client trading in repo contracts

MTS, one of Europe’s premier fixed income trading venues, has unveiled new functionality that enables the trading of bilateral and centrally cleared Repo contracts between sell-side and buy-side participants for the first time, in collaboration with the launch of LCH’s Sponsored Clearing model from RepoClear. Sell-side dealers have long benefited from the efficiencies of electronic…

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Bank of China (UK) Limited joins LCH’s SwapClear
September 14, 2017 BY Valentina Kirilova

LCH launches new model for buy-side repo clearing

LCH, the global clearing house, announced today that its RepoClear service has introduced a new model to bring the benefits of clearing repos to the buy side. Insight Investment is the first asset manager to clear a trade, acting for a UK pension fund it manages, as a sponsored member, with NatWest Markets supporting Insight’s…

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Bank of China (UK) Limited joins LCH’s SwapClear
September 07, 2017 BY Valentina Kirilova

LCH SwapAgent completes first trades

LCH SwapAgent, a service for the non-cleared derivatives market, announced today that it has processed its first trades. Citi and Deutsche Bank were the counterparties to the Swiss Franc-denominated interest rate swap and Euro-denominated inflation swap. The trades were processed through MarkitSERV. LCH SwapAgent is available for market participants trading non-cleared OTC interest rate derivatives.…

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