LCH.Clearnet model ‘not appropriate’ for Australian market, say two domestic banks


Despite the absence of a location requirement for central clearing in recent legislation put forward by the Australian government, local market players Westpac and ANZ are heavily in favour of using a domestic central counterparty (CCP), arguing the current structure of LCH.Clearnet's service is too focused on the needs of international banks.

At the end of July, the Australian government released an exposure draft of the Corporations Legislation Amendment (Derivatives Transactions) Bill 2012

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

If you already have an account, please sign in here.


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

This address will be used to create your account

Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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: