Post Trade - LCH

Provides clearing services through which counterparty risk is mitigated across multiple asset classes for sell-side clearing members and buy-side clients in conjunction with trading venues globally.

Income contribution CY 2017

 

Sub-segment Main types of revenue Customer profile Highlights KPIs
Clearing and related services 

• Fees based on trades or contracts cleared
and CCP services provided


• Fees for SwapClear interest rate swap service and other OTC derivative clearing primarily based on membership fees or client trades


• Fees for managing non-cash collateral and compression services

• A worldwide base of banks, brokers and fund manager firms for OTC derivatives and listed equities, exchange traded derivatives, fixed income and commodities

• SwapClear continues to grow with record clearing and compressed volumes


• ForexClear saw 5 new members join the service alongside record clearing


• LCH SwapAgent, a new service for non-cleared derivatives, saw its first trades in September 2017     

  • SwapClear notional cleared 2017: US$874tn
    (2016: US$666tn)
  • SwapClear notional compressed 2017: US$609tn
    (2016: US$384tn)
  • SwapClear Client trades cleared 2017: 1,227,000
    (2016: 952,000)
  • RepoClear notional cleared 2017: €87.5tn
    (2016: €70.8tn)
  • Average cash collateral held 2017: €84.5bn
    (2016: €67.0bn)
Net Treasury Income

• Net interest on cash held for margin and default funds