LCH

At LSEG Post Trade, we cover more than you’d expect. We partner with you across the trading life cycle to help you manage scarce resources, mitigate risks and navigate regulation. With LCH’s #clearing services, Post Trade Solutions, including Acadia - An LSEG Business, Quantile - An LSEG Business, and SwapAgent, and Regulatory Reporting (formerly UnaVista), whatever your journey through financial markets, we’ll get you to where you want to be. Find out more: https://lseg.group/4b1GCv2 #LSEGPostTrade #LCH #Acadia #Quantile #RegulatoryReporting

How has #LCH implemented the move to the 2021 #ISDA definitions? And what is the impact on #LCH members for their #cleared swap #derivatives? Find out with #LSEG Post Trade’s Bridget Austad, Managing Legal Counsel, in the ‘Industry Implementation and Adoption of the 2021 Definitions’ panel at the 2021 ISDA Interest Rate Derivatives Definitions virtual conference on 18 November at 11:50 ET | 16:50 GMT. https://lseg.group/40u1sAG

As markets aim to become more efficient and cost-effective for cross-border #clearing and settlement, will T+1 drive post-trade transformation in Europe? Find out with #LSEG Post Trade’s’ Corentine Poilvet-Clediere, CEO, #LCH SA, in ‘The post trade key – unlocking capital markets’ potential’ panel at the #Euroclear Collateral Conference 2024 on 14 November at 16:15pm CET. https://lseg.group/3CmNrec

Welcome to Commerzbank AG! Having joined LCH #ForexClear as a clearing member, Commerzbank can now benefit from comprehensive margin, liquidity and netting opportunities, as well as improved capital and operational efficiencies enabled by ForexClear. Marius Jubin, CFA, Global Head of our FX Forwards Trading, said “Commerzbank is delighted to join LCH ForexClear, which enables us to further expand our global FX platform business through an optimized capital usage and allows us to benefit from operational efficiencies. In addition, ForexClear offers the opportunity to effectively manage bilateral credit exposures and participate in established risk-mitigating industry initiatives.” Andrew Batchelor, Head of ForexClear, LCH, said: “It’s great to welcome Commerzbank to LCH ForexClear. Over the past 18 months, financial institutions from Europe, Asia and the US have joined us and chosen to clear their FX trades with us, and we have seen record volumes across our products. We remain committed to extending our leading clearing services to the global FX market and offering further margin, capital and risk management optimisation opportunities as the service continues to grow.” There are 22 member banks, 22 clearing brokers and 88 clients active on LCH ForexClear. Learn more about the service here: https://lseg.group/4fB1efX #LCH #ForexClear #FX #Clearing

#LSEG Post Trade is delighted to welcome ING Wholesale Banking NV as the newest member and first Dutch bank to go live on #SwapAgent. By joining our expanding network, #INGBank will be able to benefit from SwapAgent’s standardisation benefits, greater trading efficiencies and enhanced risk management in their bilateral OTC #derivatives. We thank ING and look forward to working closely with our new partner.

LCH today announces that Michel Semaan has joined as the new Global Head of #RepoClear. Michel will lead RepoClear in the next phase of growth across Europe and the UK, overseeing clearing for both the euro and sterling repo market. Michel brings with him over 25 years’ experience in repo markets and a wealth of expertise in trading and global financial markets in the areas of secured and unsecured funding. Daniel Maguire, Group Head of LSEG’s Markets division and CEO, LCH Group, said: “We are delighted to welcome Michel to LCH SA and Ltd. to lead the RepoClear service globally. Access to cleared repo has proven critical over the last few years with an increasing number of market participants looking to RepoClear to optimise their resource efficiency, improve their risk management practices, and reduce their costs. Michel’s experience will be invaluable as we look to focus on delivering new services across RepoClear and diversifying our membership over the years to come.”

Designed to simplify the processing, margining and settlement of non-cleared #derivatives, #LCH’s #SwapAgent service continued to see strong growth in volumes in Q3 2024, with a new trade average daily value of US$24.3bn and US$19trn in notional registered. See our latest dashboard for highlights. https://lseg.group/4e34IpK

As members and clients continue to benefit from access to the broadest range of credit derivatives eligible for clearing globally, #LCH #CDSClear saw significant growth in Q3 2024, with a record €353bn in client notional cleared, up 69% vs Q3 2023. See our latest dashboard for highlights. https://lseg.group/4eajrzf

#LCH #RepoClear continues to see growth in cash trades with €4.2trn nominal cleared in Q3 2024, up 7% vs Q2 2024. By working closely with the market, RepoClear delivers innovative solutions for members and clients to gain significant netting, settlement and operational efficiencies, with access to deep #repo liquidity and margin stability in all market conditions. See our latest dashboard for highlights: https://lseg.group/48qPY2M

In ‘The Portfolio Margining Imperative for Interest-Rate Derivatives’, Coalition Greenwich (a division of CRISIL) explores the evolution of #derivatives market structure, efforts to optimise margin and the mechanics and potential benefits of #LCH’s newly launched #ListedRates #clearing service in partnership with FMX Futures Exchange. Read the full article here: https://lseg.group/3BR895o