LCH CDSClear reaches new volume heights
23 September 2019 London
Image: Shutterstock
LCH CDSClear, a credit default swap (CDS) clearing service, cleared a record-breaking $10 billion on 18 September, marking the highest volume it has ever cleared in a single day.
The previous daily record for CDSClear was €9.2 billion notional, which was set in June 2019.
CDSClear is the Eurozone-based clearing service of LCH, the rates and multi-asset clearing house.
According to LCH, CDSClear volumes and market share have been surging for more than 18 months, reflecting the growing popularity of a service that reflects the needs of both members and their clients.
LCH serves a number of exchanges and platforms as well as over the counter markets, its services include: CDSClear, ForexClear, SwapClear, CommidityClear, RepoClear, SwapAgent Listed Rates, and EquityClear.
Earlier this month, LCH SA welcomed its first Japanese clearing member when Mizuho Securities became the first Japanese financial institution to access LCH SA’s Euro debt clearing services as a member of RepoClear.
The previous daily record for CDSClear was €9.2 billion notional, which was set in June 2019.
CDSClear is the Eurozone-based clearing service of LCH, the rates and multi-asset clearing house.
According to LCH, CDSClear volumes and market share have been surging for more than 18 months, reflecting the growing popularity of a service that reflects the needs of both members and their clients.
LCH serves a number of exchanges and platforms as well as over the counter markets, its services include: CDSClear, ForexClear, SwapClear, CommidityClear, RepoClear, SwapAgent Listed Rates, and EquityClear.
Earlier this month, LCH SA welcomed its first Japanese clearing member when Mizuho Securities became the first Japanese financial institution to access LCH SA’s Euro debt clearing services as a member of RepoClear.
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