Mizuho joins LCH SwapAgent as member

LCH Group, an LSEG business, today announces that Mizuho Bank Ltd has joined SwapAgent as a member and has processed its first cross-currency swap through the service. Mizuho Bank Ltd is now able to benefit from SwapAgent’s offering including centralised trade processing and optimisation.

Nathan Ondyak, Head of SwapAgent, LCH, said: “We are delighted to welcome Mizuho Bank Ltd as our latest member. As financial institutions across Asia and Japan increasingly seek to benefit more from robust risk management and capital efficiencies, we remain committed to offering our members the processing, margining and settlement benefits that SwapAgent brings.”

Kenichiro Kobayashi, Head of Europe Treasury Department, Operating Officer, Mizuho Bank, said: “Joining SwapAgent as a member is crucial for us to be able to offer our own clients an enhanced service that improves standardisation and efficiency in the cross-currency swap market, as well as reduces operational and credit risk. We look forward to unlocking these capabilities through SwapAgent.”

SwapAgent offers solutions designed to materially improve standardisation, efficiency and simplicity in the non-cleared derivatives market. There are now 47 dealer entities from 15 countries live at SwapAgent. $17 trillion in notional has been registered at SwapAgent since it launched in 2017.

Learn more about LCH SwapAgent here: SwapAgent | LCH Group

View a Japanese version of this press release here.

For further information
Harriet Leatherbarrow / Nandeep Roopray
Tel: +44 (0)20 7797 1222
Email: newsroom@lseg.com

About us
LCH. The Markets’ Partner. 
 
LCH builds strong relationships with commodity, credit, equity, fixed income, foreign exchange (FX) and rates market participants to help drive superior performance and deliver best-in-class risk management.

As a member or client, partnering with us helps you increase capital and operational efficiency, while adhering to an expanding and complex set of cross-border regulations, thanks to our experience and expertise.

Working closely with our stakeholders, we have helped the market transition to central clearing and continue to introduce innovative enhancements. Choose from a variety of solutions such as compression, sponsored clearing, credit index options clearing, contracts for differences clearing and LCH SwapAgent for managing uncleared swaps. Our focus on innovation and our uncompromising commitment to service delivery make LCH, an LSEG business, the natural choice of the world’s leading market participants globally.