\n<\/p>\n
SINGAPORE – Media OutReach<\/a> – 1 October 2021 – LCH, a leading global clearing house, has
\u00a0<\/p>\n As part of the first stage of implementatioA620n
\u00a0<\/p>\n Previously, SwapClear was open 20 hours a day, five
\u00a0<\/p>\n In March 2022, SwapClear will move to operating 24
\u00a0<\/p>\n SwapClear
\u00a0<\/p>\n This new development is especially
\u00a0<\/p>\n Susi DeVerdelon, Head of SwapClear, LCH, said<\/b>: “This extension in operating hours reinforces our position as a leading
\u00a0<\/p>\n Rohit
LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/lch-clearnet\/\u00a0\u00a0<\/a><\/p>\n Twitter: @LCH_Clearing\u00a0<\/a><\/p>\n #LCH<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n
\nannounced that its SwapClear service is preparing to extend its traditional
\noperating hours to 24 hours a day, five days a week in March 2022. This will
\nbetter support market participants in the Asia Pacific region and will be
\nimplemented in two phases.<\/p>\n
\non 27 September, SwapClear moved its Monday
\nmorning opening 4 hours earlier so that it is now open from 09:00 Sydney time \/
\n00.00 London time. <\/p>\n
\ndays a week and was closed during the APAC morning. The remaining Tuesday
\nthrough Friday early morning operating hours is scheduled to be extended by
\nMarch 2022. <\/p>\n
\nhours a day, five days a week. Opening at 05:00 Sydney time on Monday \/ 20:00
\nLondon time (Sunday evening) <\/i>and closing at 09:00 Saturday Sydney time \/
\n00:00 Friday night London time. <\/p>\n
\nprovides the deepest liquidity in the OTC interest rate swaps clearing market
\nand access to clear 95 percent of the “vanilla” IRS market. Its extensive
\nproduct offering makes it simple to comply with regulations, while SwapClear’s
\nadditional products and services enable clients to drive capital and
\noperational efficiencies across their Rates portfolios.<\/p>\n
\nrelevant to the APAC region as it will deliver clearing certainty during the
\nAsia Pacific morning for SwapClear’s regional members and clients, including
\nthe Australia market.<\/p>\n
\nglobal clearing house and directly responds to a critical request from our APAC
\nmembers and clients to support their needs. It has also been strongly supported
\nby regulators across the region.”<\/p>\n
\nVerma, Head of APAC, LCH, added<\/b>: “This initiative underscores our strong commitment
\nto the region and risk management. In the extended hours earlier this week,
\nclose to a thousand trades were registered and processed near real-time and
\nallowed our users to risk manage those trades in a timely fashion.”<\/p>\n