LCH.Clearnet's CDSClear Now Handling Single-Name CDS
The clearing firm, owned by the London Stock Exchange Group, will now offer 187 single names in addition to existing products, facilitating risk offsetting through its Monte Carlo simulation value-at-risk-based portfolio margining technology.
"With the addition of these 187 index constituents we believe the market will benefit from significant efficiencies," says Gavin Wells, CEO at CDSClear. "As regulations and clearing commitments evolve, we will continue to work collaboratively with market participants to ensure they can clear with confidence."
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