What we do
Welcome to the LCH group of companies, comprising LCH Ltd, LCH SA, SwapAgent Ltd and LCH Group Holdings Ltd (collectively, the “LCH Group”).
Our leading multi-asset class clearing houses are part of the post trade division of London Stock Exchange Group PLC (“LSEG Post Trade”) and provide proven risk management capabilities across a range of asset classes, including OTC and listed interest rates, fixed income, FX, CDS, equities. Our capabilities are complemented by our expanding suite of post-trade data, analytics and optimisation services, designed to increase efficiency and reduce costs across the clearing lifecycle; and by our SwapAgent service, designed to deliver standardisation and significant trading efficiencies to non-cleared derivatives.
As a clearing house, we stand as a central counterparty (CCP), acting as a buyer to every seller and a seller to every buyer. Put simply, we make financial markets safer.
It’s not only the breadth of our product offering that sets us apart from our competitors. We are committed to working with our members, partnering to develop the services and tools you need to make your business more efficient, and to make financial markets safer for us all.
Our passion for and dedication to providing the highest standard of risk management are manifest in everything we do at LCH.
You can see it in our innovative Post Trade Solutions, including compression tools and SwapAgent, which extends many of the benefits of clearing to the bilateral market, simplifying the processing, margining and settlement of non-cleared OTC derivatives. You can also read it in our thought leadership on the most pressing issues facing our industry, such as standardised clearing house stress-testing, and CCP recovery and resolution.
As “The Markets’ Partner”, LCH operates an open model, offering a range of execution venues and delivering unprecedented choice and efficiencies to the marketplace.
You can learn more about the asset classes we clear, and the trading venues and settlement providers we partner with.
Useful links
Robust risk management
LCH offers clearing services to members and their clients across the globe. This means that our clearing offering has to abide by the regulatory requirements of multiple jurisdictions.
While any eligible party is welcome to clear at LCH, members can rest assured that our membership criteria ensure a high and stringent level of risk management is required of all participants.
Our approach gives our customers the best of both worlds: a large and diversified clearing community, balanced against robust risk management standards. We take our risk management role seriously and are proud of the standards we adhere to.
Open model at LCH
LCH is committed to extending the benefits of central clearing as broadly as possible. Here’s why.
By broadening access to central clearing, we aim to reduce market risk, while making the portfolios of individual LCH members and clients more efficient from a capital and margin perspective.
That’s why we believe that market participants should be able to clear all eligible trades, regardless of the venue traded on. We refer to this approach as our 'open model'.
Giving members and clients the choice of where to trade and clear their products brings economic benefits, as well as greater transparency and safety to all market participants. In particular, our open model enables users to consolidate equity positions across trading platforms and offset listed derivatives executed on one platform against OTC positions entered at another. We believe this can only help to drive innovation, lower clearing costs and provide improved service standards for all users.
Our corporate objectives
To provide market-leading risk management and clearing solutions.
To manage our members’ and clients’ risk by providing effective and efficient clearing services.
To promote foremost a safe and stable financial market in all that we do.
Annual reports and statements
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Global reach
Our multi-asset offering and world-class risk management capabilities have positioned LCH as a leading multinational central counterparty. With global reach, we work closely with our members and client base from across the world to deliver robust risk management solutions for existing and new international markets.