Clearing house of the year: LCH.Clearnet

risk0114-michael-davie-and-dennis-mclaughlin-glasses-ccp — Michael Davie and Dennis McLaughlin

- Risk magazine staff
- 13 Jan 2014

Often, when people want to explain what a central counterparty (CCP) does, they turn to the world of plumbing – as though margin models, collateral and default funds have something in common with U-bends, washers and waste traps. Michael Davie, chief executive of LCH.Clearnet Ltd, offers a different analogy. “I constantly have this image of air traffic control in my mind. In terms of operating a

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net