NO 251 – JANUARY 2014

WFE Focus
Post trade

LCH.Clearnet launched clearing for 187 single-name credit default swaps - Extension provides the market with significant CDS portfolio margining benefits

LCH.Clearnet SA (LCH.Clearnet) has expanded its credit default swap clearing (CDS) service, CDSClear, to offer single-name CDS clearing.

NASDAQ OMX clears first buy-side client interest rate swap

NASDAQ OMX Clearing announced on 23 December 2013 its first buy-side client cleared Interest Rate Swap. The first non-member trade was cleared between SEB and Nektar Fund.

HKEx: China Securities Depository and Clearing Corporation becomes CCASS Clearing Agency Participant

Hong Kong Exchanges and Clearing Limited (HKEx) announced on 27 December 2013 that its wholly-owned subsidiary, Hong Kong Securities Clearing Company Limited (HKSCC), has admitted China Securities Depository and Clearing Corporation Limited (ChinaClear) as a Clearing Agency Participant to the Central Clearing and Settlement System (CCASS) of HKSCC.

Eurex Clearing: BNP Paribas and Morgan Stanley joined EurexOTC Clear

BNP Paribas and Morgan Stanley, two major global banks, joined EurexOTC Clear for Interest Rate Swaps (IRS), Eurex Clearing’s central counterparty service for OTC derivatives, increasing the total number of clearing members to 32.