LCH Launches Portfolio Margining Service for Interest Rate Derivatives
Posted: Sun May 22, 2016 10:49 am
LCH, a global clearing house owned by the London Stock Exchange Group, has announced that it has launched LCH Spider, its portfolio margining tool for interest rate derivatives following confirmation of the required regulatory approvals.
LCH Spider enables margin offsets between listed and OTC interest rate derivatives portfolios.
From today, eligible members and clients using LCH’s SwapClear and Listed Rates services will be able to offset the margin between OTC and listed interest rate derivatives.
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