LCH recognised as CCP in Mexico
22 June 2018 Mexico City
Image: Shutterstock
LCH has obtained recognition as a central counterparty (CCP) from the Banco de México.
The recognition for LCH’s SwapClear Service is effective from 22 June 2018 and provides a greater choice of CCPs to those participants affected by the Mexican clearing mandate.
LCH can now expand clearing to Mexican-domiciled market participants to support their interest rate derivatives trading activity.
The clearinghouse will continue to offer clearing to global participants for Mexican peso-denominated interest rate derivatives as one of the 21 currencies offered by SwapClear.
LCH clears for members and their clients based in 55 countries.
Martin Pluves, CEO of LCH, said: “Mexico and the Americas are important markets for us, and we are pleased to obtain recognition from the Banco de México.”
He added: “The approval complements our existing licences, and is a further demonstration of our open access clearing model enabling market participants across the world to achieve enhanced risk management and greater efficiencies.”
The recognition for LCH’s SwapClear Service is effective from 22 June 2018 and provides a greater choice of CCPs to those participants affected by the Mexican clearing mandate.
LCH can now expand clearing to Mexican-domiciled market participants to support their interest rate derivatives trading activity.
The clearinghouse will continue to offer clearing to global participants for Mexican peso-denominated interest rate derivatives as one of the 21 currencies offered by SwapClear.
LCH clears for members and their clients based in 55 countries.
Martin Pluves, CEO of LCH, said: “Mexico and the Americas are important markets for us, and we are pleased to obtain recognition from the Banco de México.”
He added: “The approval complements our existing licences, and is a further demonstration of our open access clearing model enabling market participants across the world to achieve enhanced risk management and greater efficiencies.”
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