Tag: LCH.Clearnet

Bank of China (UK) Limited joins LCH’s SwapClear
January 16, 2017 BY Valentina Kirilova

CFTC permits LCH.Clearnet portfolio margining of customer positions in futures, foreign futures, and cleared swaps

The U.S. Commodity Futures Trading Commission (CFTC ) issued an order to LCH.Clearnet Limited, a CFTC-registered derivatives clearing organization. The order was issued in response to a petition filed by LCH. The order permits LCH and its clearing members that are registered futures commission merchants to: commingle in an account subject to Section 4d(f) (a…

Read more
September 01, 2016 BY LeapRate Staff

LCH.Clearnet gets Hong Kong regulatory approval to provide automated trading services

International clearing house LCH.Clearnet, majority owned by London Stock Exchange Group Plc (LON:LSE), has announced that it has been authorised by the Hong Kong Securities and Futures Commission (SFC) to provide automated trading services in Hong Kong via its SwapClear and ForexClear services. LCH has also been approved as a designated central counterparty in respect of…

Read more
April 19, 2016 BY Maria Nikolova

LCH.Clearnet announces changes to SwapClear and ForexClear EMIR account fee billing cycle

LCH.Clearnet is about to change the account fee terms SwapClear and ForexClear. Effective May 1, 2016, SwapClear and ForexClear are moving to a semi-annual billing cycle for Asset Segregated and additional Client accounts. The existing annual account cost and account volume discount remains unchanged. A semi-annual account fee will be charged for the six-month period…

Read more
April 08, 2016 BY Maria Nikolova

Japan's FSA issues license for clearing interest rate derivatives to LCH.Clearnet

International clearing house LCH.Clearnet Ltd announced today that it has obtained approval for a clearing licence from the Japanese Financial Services Agency (FSA). The licence allows LCH.Clearnet to clear non-Yen OTC interest rate derivatives, on behalf of local banks based in Japan through its SwapClear service. Before LCH.Clearnet gained this licence, Japanese banks were able…

Read more
March 11, 2016 BY Maria Nikolova

triReduce compression cycle eliminates 40% of PLN notional outstanding in LCH.Clearnet’s SwapClear

TriOptima, a post trade infrastructure provider, part of ICAP plc (LON:IAP), announces today that 18 SwapClear members have compressed 40% of outstanding notional and 49% of outstanding trades in Polish zloty (PLN) interest rate swaps and forward rate agreements (FRA) in the latest triReduce compression cycle. The participants eliminated PLN 2.6 trillion PLN ($654 billion)…

Read more
February 01, 2016 BY Maria Nikolova

Monetary Authority of Singapore grants status of Recognised Clearing House to LCH.Clearnet

International clearing house LCH.Clearnet Ltd today announced that it has formally received the status of Recognised Clearing House by the Monetary Authority of Singapore (MAS). The status covers LCH.Clearnet’s EnClear (Freight Division), ForexClear and SwapClear services. At present, LCH.Clearnet clears Singapore Dollar-denominated interest rate swaps as well as commodities futures, including freight, iron ore, and…

Read more
December 21, 2015 BY Maria Nikolova

LCH.Clearnet's SwapClear eliminates more than $100 trillion in notional in 12 months

Global clearing house LCH.Clearnet Ltd today announced that its SwapClear service has reached an important milestone this year, by eliminating more than $100 trillion in notional since January 1, 2015. This achievement has been driven mainly by an acceleration of compression activity by SwapClear’s members and their clients throughout 2015. Amidst record volumes of cleared…

Read more