LSEG has announced today that the Royal Bank of Canada (RBC) has joined the LCH CDSCLEAR as the first member of Canadian clearance, providing them with access to the wider range of credit products eligible for clearing, allowing them to benefit from the Liturgy and Operational Products.
RBC joins CDSCLEAR, as a market manufacturer for both European and US indicators, allows them to benefit from a growing CDS liquidity team.
LCH CDSCLEAR has seen significant growth this year so far and registered record volumes for US $ and EUR INQ1 2025. 2024.
Marcus Robinson, head of CDSclear and Digitalassetclear, LCH, said:
“We are pleased to welcome the RBC as our first Canadian Clearing Member and for the Bank to be part of our important development travel to CDSCLEAR. We are committed to increasing the level of market market participants in CDS Clearing and we are proud to offer a CDS accession to CDS. and access to commerce and customers all over the world. “
Santosh Sateesh, MD, World Credit Derivative Head of Credit Derivatives, RBC said:
“We are proud to be part of the growing service in the LCH CDSCLEAR, with the ability to clear a wide range of credit derivatives products, while achieving significant risk management efficiency.
In recent years, LCH CDSCLEAR has expanded its products to include asian and emerging market markers and individual names, as well as dominant individual names and clearance for ITRAXX Australia and name components.
LCH CDSCLEAR has also expanded its customer clearance services to US credit derivatives market participants in 2024.