LCH clears first €STR swaps

Euro Puzzle Fotolia 230x150
By GlobalCapital
21 Oct 2019

LCH has become the first CCP to offer clearing of swaps benchmarked to the new European Central Bank euro short-term reference rate, €STR.

The service is already active. LBBW and Morgan Stanley were among the first participants to clear derivatives using the new rate, which began to be published in early October.

The ECB’s working group on euro risk-free rates has recommended that market participants no longer enter into new contracts referencing ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.