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LCH SwapClear met key benchmark reform milestones in Q2 2023, successfully completing both tranches of the USD LIBOR conversion, as well as the conversions of SGD SOR and THB THBFIX. This was achieved in close collaboration with our market partners, who continue to benefit from access to the market’s deepest IRS liquidity, including swaps referencing new RFRs such as SOFR. See our latest dashboard for highlights.

LCH CDSClear had a stellar H1 2023, with record highs in Index, Single Names notional cleared. Our service also saw live client entities almost double, and several tier-one banks go live as clearing brokers. This growth is delivering even more opportunities for our members and clients to generate unmatched capital and operational efficiencies. See our latest dashboard for highlights. 

LCH RepoClear saw growth across Euro debt and Gilts, with record Euro debt open interest in Q2 2023 up 5.7% vs previous record (Q1 2023). We continue to work in close partnership with the market to deliver innovative solutions that enable members and clients to gain netting, settlement and operational efficiencies, with access to deep repo liquidity and margin stability in all market conditions. See our latest dashboard for highlights and new developments at RepoClear.

LCH ForexClear cleared an Average Daily Volume (ADV) of $9.8bn in FX Options in June 2023, with six successive ADV monthly records in a row. Client clearing volumes also reached new highs as market participants continued to see the benefit of FX clearing.

As interest in FX clearing grows, LCH ForexClear has seen record activity in FX Options notional in May 2023. FX Options Average Daily Volume (ADV) has also seen record highs for five consecutive months as market participants continue to benefit from FX clearing services. See our latest dashboard for highlights.

 What’s next in FX clearing? LCH ForexClear unpacks the latest trends and innovations, including FX Smart Clearing and NDF Matching, in e-FOREX’s ‘FX Clearing: Unlocking the potential and exploiting the benefits’ supplement.

With market participants continuing to gain margin, capital and operational efficiencies from FX clearing, LCH ForexClear saw new daily and weekly records in FX Options for notional cleared in April 2023. See our latest dashboard for highlights.

As changes in the macroeconomic landscape and the shift in central banks’ monetary policies start to be reflected in the market, what does the future hold for General Collateral (GC) repo? We unpack the benefits and discuss the future role of LCH RepoClear’s €GCPlus General Collateral product.

Over the past two years, geopolitical events, macroeconomic forces and market disruptions have created significant challenges for the investment community. With the outlook for the remainder of 2023 still highly uncertain, how does clearing enable market participants to manage high inflationary environments?

LCH CDSClear saw significant growth in Q1 2023, with record highs in European and US Index Single Names notional cleared. Members and clients continue to benefit from access to the broadest range of credit derivatives eligible for clearing globally, delivering new opportunities for trading efficiencies. See our latest dashboard for highlights.