Tag: LCH SwapClear

Bank of China (UK) Limited joins LCH’s SwapClear
June 19, 2019 BY Valentina Kirilova

Bank of China (UK) Ltd joins LCH’s SwapClear service

Global clearing house LCH announced that Bank of China (UK) Limited, Bank of China’s UK entity, has gone live as a clearing member of LCH’s SwapClear. Bank of China is LCH's first clearing member from a Chinese banking group. The Bank will now have access to clearing of interest rate derivatives at LCH and will…

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TriOptima sets new triReduce portfolio compression service record
January 15, 2019 BY Valentina Kirilova

TriOptima sets new triReduce portfolio compression service record

TriOptima, a CME Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, has announced that it has set a new record for its triReduce portfolio compression service. LeapRate reminds that triReduce compression service hit quadrillion dollar milestone in notional principal eliminated back in June 2017. TriOptima, on the other hand, compressed $250…

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June 28, 2018 BY Valentina Kirilova

LCH clears first trade for Mexican bank

LCH 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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australia apac
December 06, 2017 BY LeapRate Staff

LCH’s SwapClear expands Australian Dollar offering

LCH, a leading global clearing house majority owned by London Stock Exchange Group Plc (LON:LSE), has announced that it has extended its SwapClear service to offer clearing of Australian Dollar BBSW vs AONIA overnight basis swaps (AUD BOBs). With SwapClear clearing approximately 85% of the the AUD interest rate derivatives market today, this addition will…

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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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August 02, 2017 BY Valentina Kirilova

Eurex Clearing passes Brexit market conditions fire drill

During the last week of April, Eurex Clearing, LCH Swapclear and CME have simulated the default of a major participant – based on the Brexit market conditions as of 24 June 2016. At Eurex Clearing, the defaulted member’s portfolio represented one of the largest clearing members with open positions in listed equity (index) derivatives, pending…

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May 19, 2016 BY Maria Nikolova

LCH's SwapClear compresses more than $1 quadrillion of cleared notional

International clearing house LCH today announces that its SwapClear service has compressed a total of more than 8.4 million cleared trades, representing $1 quadrillion in notional since it commenced offering compression services in 2008. The milestone follows a number of recent innovations in SwapClear’s compression offering which have substantially increased the number of trades eligible…

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