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xLCH.Clearnet is the leading independent clearing house, serving major international exchanges and platforms, as well as a range of OTC markets. It clears a broad range of asset classes including: securities, exchange traded derivatives, energy, freight, interbank interest rate swaps and euro and sterling denominated bonds and repos; and works closely with market participants and exchanges to identify and develop clearing services for new asset classes.
As a clearing house, LCH.Clearnet sits in the middle of a trade, assuming the counterparty risk involved when two parties (or members) trade. When the trade is registered with LCH.Clearnet, it becomes the legal counterparty to the trade, ensuring the financial performance; if one of the parties fails, LCH.Clearnet steps in. By assuming the counterparty risk, LCH.Clearnet underpins many important financial markets, facilitating trading and increasing confidence within the market.
Initial and variation margin (or collateral) is collected from LCH.Clearnet members; should they fail, this margin is used to fulfil their obligations. The amount of margin is decided by LCH.Clearnet’s highly experienced risk management teams, who assess a member’s positions and market risk on a daily basis. Both the soundness of the risk management approach and the resilience of its systems have been proven in recent times.
LCH.Clearnet is regulated or overseen by the national securities regulator and/or central bank in each jurisdiction from which it operates.
A global leader in clearing, LCH.Clearnet is the;
#1 in interest rate swaps
#2 in fixed income and repo
#3 in futures and options
As the clearing house with the broadest multi asset class range of services we are respected for our experience, knowledge and expertise, both in clearing and more broadly across the financial services industry. This is at least in part due to the people that work here which is why we want to continue to invest in attracting, developing and retaining the best people possible. We look for motivated individuals who are specialists in their field, demonstrating innovative and forward-thinking attitudes to be part of our diverse and developing team. We expect our people to work hard, and we also want them to enjoy life.
The company is committed to providing equal opportunities in employment regardless of age, sex, marital status, sexual orientation, religion, religious beliefs, disability, colour, race, nationality or ethnic or national origin. This applies to recruitment, training, promotion and all other aspects of employment.
The possibilities for our future are limitless. Why not join us and find out for yourself?