Tag: LCH

LCH
September 05, 2017 BY Valentina Kirilova

ForexClear clears $1 trillion of notional in August

LCH, a global clearing house, announced today that its ForexClear service processed over $1 trillion in notional over the course of August, setting a new monthly record. ForexClear has seen demand for its NDF clearing service significantly increase since the introduction of the uncleared margin rules in September 2016. ForexClear now has 28 clearing members…

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August 31, 2017 BY Valentina Kirilova

JP Morgan adds FX OTC clearing via LCH ForexClear

Multinational banking and financial services holding company J.P. Morgan (NYSE:JPM) announced that clears its first NDF trades with LCH ForexClear on behalf of non-member clients since the introduction of uncleared margin rules FX is the latest addition to J.P. Morgan’s OTC clearing offering and highlights its commitment to providing clients a comprehensive platform across all…

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

LCH’s CDSClear launches CDX high-yield clearing

LCH, a global clearing house, announced that has extended its CDSClear service to offer clearing for the CDX North American High Yield index. This latest addition to LCH’s credit derivatives clearing service follows the launch of clearing for the CDX North American Investment Grade index at LCH in 2016. LCH is the first European CCP…

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Bank of China (UK) Limited joins LCH’s SwapClear
June 12, 2017 BY Valentina Kirilova

LCH appoints Michael Davie as Global Head of Rates

LCH, the global clearing house, announced today that Michael Davie has been appointed Global Head of Rates for LCH Group, effective immediately. Davie will report to Daniel Maguire, Group COO of LCH and Martin Pluves, CEO LCH Ltd. Michael Davie’s appointment follows Daniel Maguire’s recent appointment as Group COO in addition to his role as…

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Bank of China (UK) Limited joins LCH’s SwapClear
April 10, 2017 BY Valentina Kirilova

Daniel Maguire appointed LCH Group Chief Operating Officer

LCH, a global clearing house, announced that Daniel Maguire as LCH Group Chief Operating Officer (COO), effective immediately. He assumes this role in addition to his current responsibilities as Global Head of Rates & FX Derivatives. As COO, Daniel will be responsible for achieving new business growth, maintaining existing customer relationships and driving innovation and…

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March 28, 2017 BY Valentina Kirilova

LCH SA to offer repo clearing on German debt

The global clearing house LCH announced that has extended its RepoClear service to offer clearing for cash and repo trades on German government securities via LCH SA, its continental Europe-based entity. This complements the existing service at LCH SA which already clears trades on Italian, French and Spanish government securities and will provide greater choice for members…

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

Neil Walker steps down from LCH SA and Group boards

The clearing house LCH just announced that Neil Walker is standing down as a non-executive director of LCH’s SA and Group boards, effective immediately. Neil Walker will focus on executive commitments elsewhere. He has been a non-executive director for LCH since 2012 and has served as a member of LCH’s risk committees. Lex Hoogduin, Group Chairman,…

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January 25, 2017 BY Valentina Kirilova

LCH SwapAgent to connect to AcadiaSoft Hub

LCH clearing house announced today that its LCH SwapAgent service will supply risk calculation data to the AcadiaSoft Hub following the planned launch of LCH SwapAgent in H1 2017. Connecting LCH SwapAgent to the AcadiaSoft Hub will further streamline the margining process for the banks already using The Hub to comply with the non-cleared margin rules,…

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Bank of China (UK) Limited joins LCH’s SwapClear
January 06, 2017 BY Valentina Kirilova

LCH's SwapClear achieves record volumes in 2016

The global clearing house LCH announced today that its SwapClear service cleared record volumes of interest rate derivatives in 2016, processing over $665 trillion in notional over the course of the year, representing an annual increase of 25%. Both members and their clients increased their flows through LCH, with the buy side clearing a record…

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