The European Securities and Markets Authority (ESMA) today declared that in case the UK left the EU with no deal, it would authorize three central counterparties from the UK to operate in the EU legally. The three CCPs are LCH Limited, LME Clear Limited and ICE Clear Europe Limited, which are all registered and headquartered…
Read moreLCH Limited (LCH), a global clearing house, has announced that it is now actively clearing trades on behalf of a Mexican-domiciled participant. BBVA Bancomer completed a cleared Mexican-peso denominated TIIE interest rate swap, with BBVA SA Madrid acting as the clearing broker. The transaction marks the first time a Mexican participant has used LCH SwapClear,…
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LCH Limited, a global clearing house, announced today that it has introduced a new type of client account within its SwapClear service. The account allows buy-side clients to deliver collateral directly to the clearing house and to retain beneficial title to it. Segregation at an International Central Securities Depository (ICSD) ensures that such securities collateral…
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