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 2018

 

 

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 record clearing, increased membership and began to offer the clearing of deliverable products


• LSEG increased its majority stake in LCH Group to 82.6% (2017: 65.9%)
     

• SwapClear notional cleared 2018: US$1,077tn (2017: US$874tn)


• SwapClear notional compressed 2018: US$773tn (2017: US$609tn)

• SwapClear Client trades cleared 2018: 1,487,000 (2017: 1,227,000)

• RepoClear nominal value cleared 2018: €98.7tn (2017: €87.5tn)

• Average cash collateral held 2018: €86.7bn (2017: €84.5bn)

Net Treasury Income

• Net interest on cash held for margin and default funds