LCH nabs first buy-side client for CDSClear

cds
By GlobalCapital
22 Mar 2017

LCH, the London based global clearing house, has signed up Amundi as the first buy-side client for its CDS clearing operation.

Amundi, the French asset manager, is now clearing credit default swaps at CDSClear, the CDS clearing operation of LCH, via its clearing broker BNP Paribas.

Emmanuel Gaffet, head of dealing risk management at Amundi, said: “Risk management is a top priority for us and our investors, and ...

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