CURVE BULLETIN - OCTOBER 2018
CURVE BULLETIN | OCTOBER 2018 ![]() ![]() CurveGlobal® Three month SONIA Futures soon to be eligible for cross-product margining at LCH's SwapClear
Users of CurveGlobal’s market leading Three month SONIA Future will be able to benefit from portfolio margining efficiencies versus cleared swaps in multiple currencies at LCH SwapClear from 19 November 2018. Firms can dramatically reduce their collateral requirements for SONIA futures against offsetting OTC positions. From 19 November, not only will firms be able to margin SONIA futures, LIBOR swaps, OIS/SOFR swaps and LIBOR futures against the LCH OTC liquidity pool with over $341tn in notional; but they will also further benefit from greater choice, lower fees, tighter prices, narrower spreads and even better trade execution.
Before these changes come into effect, all firms will have access to the testing environment from 1 November. For any questions or further details, please email info@curveglobal.com or call +44 (0)20 7797 1055. |