LCH adds subordinated financials to credit suite

cds
By Ross Lancaster
20 Feb 2020

LCH’s credit derivatives arm, CDS Clear, has become the first central counterparty (CCP) clearing house to offer clearing of single-name subordinated financials credit default swaps (CDSs).

On Thursday, CDS Clear announced it will clear CDS on the European subordinated financials index and 30 single name contracts.

As uncleared margin rules (UMR) affect an ever-greater number of bilateral derivatives trades, clearing houses are hoping to benefit by offering cost advantages over bilateral execution, as traders ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

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: subs@globalcapital.com or find out more online here.