LCH

At LSEG Post Trade, we cover more than you’d expect. We partner with you across the trading life cycle to help you manage scarce resources, mitigate risks and navigate regulation. With LCH’s #clearing services, Post Trade Solutions, including Acadia - An LSEG Business, Quantile - An LSEG Business, and SwapAgent, and Regulatory Reporting (formerly UnaVista), whatever your journey through financial markets, we’ll get you to where you want to be. Find out more: https://lseg.group/4b1GCv2 #LSEGPostTrade #LCH #Acadia #Quantile #RegulatoryReporting

#FXFeatureFriday: Unlock the full potential of our NDF Matching venue Seamlessly integrated with LCH ForexClear, enjoy simplified credit management, lower costs, and access to a diverse liquidity pool. Learn more about this innovative platform: https://lseg.group/4bW3Thy #FX #LCH

As the market’s partner, we continue to expand the #LCH SA #RepoClear product offering to meet the evolving needs of our members. We’re pleased to announce that clearing for Austrian T-bills is now at LCH RepoClear SA, further increasing the diversity of our liquidity pool and unlocking additional netting opportunities for members. To learn more, visit: https://lseg.group/4dhknSf

As members continue to benefit from reduced trading frictions via standardisation of uncleared rates and FX derivatives, #LCH’s #SwapAgent service has seen strong growth in participation and volumes, with new trade average daily value (ADV) up 30% and notional registered up 68% in Q2 2024 (vs Q2 2023). See our latest dashboard for highlights: https://lseg.group/3SqBd9j

LCH an LSEG business, today announces that Mizuho Bank Ltd has joined #SwapAgent as a member and has processed its first cross-currency swap through the service. Mizuho Bank Ltd is now able to benefit from SwapAgent’s offering including centralised trade processing and optimisation. Nathan Ondyak, Head of SwapAgent, LCH, said: “We are delighted to welcome Mizuho Bank Ltd as our latest member. As financial institutions across Asia and Japan increasingly seek to benefit more from robust risk management and capital efficiencies, we remain committed to offering our members the processing, margining and settlement benefits that SwapAgent brings.” Kenichiro Kobayashi, Head of Europe Treasury Department, Operating Officer, Mizuho Bank, said: “Joining SwapAgent as a member is crucial for us to be able to offer our own clients an enhanced service that improves standardisation and efficiency in the cross-currency swap market, as well as reduces operational and credit risk. We look forward to unlocking these capabilities through SwapAgent.” Learn more here: https://lseg.group/4ddEoJn

#LCH #CDSClear has seen significant growth in H1 2024, with €2.63trn notional cleared up 15% vs H1 2023. €426bn client notional was cleared, up 88% vs H1 2023. This has been driven by members and clients, who continue to benefit from access to the broadest range of credit #derivatives eligible for clearing globally. See our dashboard for highlights: https://lseg.group/3WCM6Yl

#LCH #RepoClear continues to partner with the market to innovate and unlock new opportunities for members and clients to increase capacity and benefit from multilateral netting. This led to record cash bond activity at LCH SA RepoClear in Q2 2024, reaching €3.9trn in nominal cleared, up 86% vs Q2 2023. See our latest dashboard for highlights: https://lseg.group/4daCt8D

#LCH #SwapClear has continued to see significant growth with US$373trn notional registered in Q2 2024, up 26% year on year. Members and clients are continuing to access SwapClear's deep OTC interest rate swap liquidity, and benefit from the margin, netting and capital efficiencies of clearing. See our dashboard for highlights: https://lseg.group/4dctVy8

#LCH #ForexClear saw new highs in #FXOptions average daily volume (ADV) in June 2024, up 126% vs June 2023. This included a new record day of US$48bn in FX Options notional cleared on 27 June 2024, with members continuing to see capital, margin and operational efficiencies from #FXClearing. See our dashboard for highlights: https://lseg.group/4daaIgt

#LCH #ForexClear announces that US-based bank Wells Fargo Corporate & Investment Banking has joined as a member and has processed its first NDF trade through the service. Wells Fargo is now able to benefit from ForexClear’s offering including comprehensive margin, liquidity and netting opportunities. Andrew Batchelor, Head of ForexClear, LCH, said: “We are delighted to welcome Wells Fargo as our latest member, as we continue to expand our offering to financial institutions globally, following the addition of two new members from Asia and Europe in 2023. Their membership reinforces our commitment to providing leading FX clearing and financial resource and risk management services to the FX market, as a growing number of firms increase their cleared flow.” Vincent Hindman, Head of Foreign Exchange, Wells Fargo, said: “Wells Fargo is proud to be the latest member to join LCH ForexClear. Given the strategic growth of our FX platform over the last few years, it was important to unlock the margin and capital efficiencies provided through ForexClear. As more interbank and client volume continues to migrate towards NDF clearing, this will allow us to further mitigate counterparty credit risk and lower costs through multilateral risk netting.” Learn more here: https://lseg.group/3SaPxTe #FX #FXClearing