- LCH CDSClear launches clearing of iTraxx Asia ex-Japan Indices and CDX Emerging Market Indices, and their single name constituents, as well as other Sovereign single name CDS including Western European name
- Clearing services expanded to offer users the widest breadth of products of any credit CCP globally
- Service enables access to significant funding capital and operational efficiencies available through clearing
LCH CDSClear today announces the expansion of its clearing services to include the iTraxx Asia ex-Japan Indices and CDX Emerging Market Indices, and their single name constituents, as well as other Sovereign Single Names, as it looks to extend the benefits of clearing to an even greater number of firms globally.
The new products comprise 11 contracts within the iTraxx Asia ex-Japan indices, including 62 Corporate and Sovereign Single Names, of which 41 are exclusive to LCH CDSClear; 11 contracts within the CDX Emerging Markets indices, including 19 Sovereign Single Names; 21 additional Emerging Markets and Asia Pacific Sovereign Single Names, of which 14 are exclusive to LCH CDSClear; and 16 Western European Sovereign Single Names, four of which are exclusive to LCH CDSClear.
This follows the announcement in September 2022, that LCH CDSClear has gone live with clearing for 11 iTraxx Australia Indices and 38 of its Single Name constituents. LCH CDSClear has seen record activity this year, in particular with cleared notional and market share in European Single Names reaching new highs in Q3 2022.
Frank Soussan, Global Head of CDSClear and Head of SA EquityClear & CommodityClear, LCH, said: “We are pleased to expand the risk management benefits and efficiencies of clearing to firms trading such a wide variety of credit derivatives products across the globe.”
Learn more about LCH CDSClear here.
