The LCH Ltd. clearinghouse has launched a new type of client account via its SwapClear service that among other aspects will allow European buy-side firms to send collateral directly to the LCH and allow them to retain beneficial title to it, officials say. The creation of the new account type, CustodialSeg, is in response to… Read More >>
LCH Launches a Spider for Swaps Portfolio Margining
LCH Spider to Help with OTC and Listed Derivatives Clearinghouse LCH has launched its “LCH Spider” service, described as a portfolio margining tool for over-the-counter (OTC) and listed interest rate derivatives, for members and clients using LCH’s SwapClear and Listed Rates offerings, officials say. “LCH Spider is a fully automated service that analyses member and… Read More >>
Brexit Could Put U.K. Clearinghouses in Limbo
The Brexit wars are heating up in the U.K. as the European Referendum draws closer but it is still too early to call the outcome. In the meantime, President Obama lent support to the remain or stay-in campaign during his recent visit to the U.K. But the leave party is doing its level best to… Read More >>
Swaps Clearing in Europe Catching Up to U.S. Rules
The European Union has set the date for its clearing obligation, bringing European financial reform more into line with current U.S. obligations. The publication of the European Securities and Markets Authority’s (ESMA) regulatory technical standards (RTS) in the Official Journal of the European Union on December 1, 2015 will kick over-the-counter (OTC) derivatives clearing into… Read More >>
SwapClear to Use Markit’s New Netting Service
The SwapClear clearinghouse is using a netting synchronization service for cleared, over-the-counter (OTC) derivatives just launched by financial information services vendor Markit. Markit is introducing the service in a bid to help banks “automatically update their risk systems after netting and compression activity at their clearing houses,” say vendor officials. “Netting exposures within a clearing… Read More >>
LCH.Clearnet Appoints Head of SwapClear Australia
Clearinghouse LCH.Clearnet reports that Marcus Robinson has been appointed head of SwapClear Australia. Robinson, who is an Australian citizen, has relocated to Sydney, where he will “support the growing demand for on-the-ground, robust interest rate derivative (IRD) clearing solutions,” the company says in a statement, which also notes that his mission is to lead “LCH.Clearnet’s… Read More >>
FTF News Announces Winners of the 2013 Technology Innovation Awards
Topping the list of winners in this year’s FTF News Technology Innovation Awards are Tim Lind, global head of middle office and entity for Thomson Reuters, chosen as the FinTech Innovator of the Year, and Ludwig D’Angelo, executive director, J.P. Morgan Worldwide Securities Services, named as the Ops Business Person of the Year. SmartStream Technologies… Read More >>
