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 鈧�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, when Mizuho Securities became the first Japanese financial institution to access LCH SA鈥檚 Euro debt clearing services as a member of RepoClear.
The previous daily record for CDSClear was 鈧�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, when Mizuho Securities became the first Japanese financial institution to access LCH SA鈥檚 Euro debt clearing services as a member of RepoClear.
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