Call for user-owned utilities to lower central clearing cost

Survey shows buy-side thirst for clearing utilities, but it is argued a large utility might not provide the right incentives to build an efficient CCP model

clearing and settlement
Gesa Benda, managing director, collateral management, BNY Mellon Markets Group

The topic of clearing utilities has been discussed in the derivatives industry for more than 20 years. What is most interesting is that the majority of user-owned facilities have either gravitated away from the model or have been taken over by for-profit exchange groups.

Recent examples include the London Stock Exchange Group taking a majority stake in LCH.Clearnet and ICE acquiring Clearing Corp. Regulation and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here