LCH.Clearnet may offer 'lite' membership to sovereigns

handshake

Sovereign derivatives users that want to directly access central counterparties (CCPs) may be able to do so without shouldering the same responsibilities expected of other members - possibly including an exemption on the posting of initial margin - under plans for a special membership category being discussed by London-based clearing house LCH.Clearnet.

However, rival clearers warn the whole CCP model - which reduces counterparty exposure by mutualising risk - could be undermined if some members

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: