Tag: SwapClear

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…

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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)…

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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…

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November 18, 2015 BY Maria Nikolova

Markit's netting synchronisation service for cleared OTC derivatives goes live

Provider of financial information services Markit Ltd (NASDAQ:MRKT) on Tuesday announced the launch of a service designed to help banks automatically update their risk systems after netting and compression activity at their clearing houses. The service went live with LCH.Clearnet’s SwapClear and is due to expand to other clearing houses. Netting exposures within a clearing…

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October 20, 2015 BY Maria Nikolova

Citadel Securities joins LCH.Clearnet’s SwapClear as first non-bank member

Citadel Securities, an international market-maker across the equities, futures, options, treasuries, FX and swaps markets, today announced that Citadel Securities (Europe) Limited has joined interest rate derivatives clearing service LCH.Clearnet’s SwapClear as its first non-bank clearing member. Citadel Securities becoming the first non-bank clearing member of SwapClear comes after the recent launch of the firm’s…

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