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LCH.Clearnet named Risk Magazine's "Clearing House of the Year"

15 January 2014

LCH.Clearnet Group (LCH.Clearnet) has been named “Clearing House of the Year” by Risk Magazine.

The annual Risk Awards recognise best practice and innovation in the derivatives markets. The judging criteria include risk management, customer satisfaction, responsiveness to new regulations, engagement with regulators, liquidity provision and creativity.

Michael Davie, CEO of LCH.Clearnet Ltd, said: “We are pleased to be recognised as the leading global clearing house for a third time by one of the most respected publications in the industry. The growing demand for clearing, especially in the OTC markets, represents a welcome shift towards a safer market structure. However it also requires participants to adapt and develop new workflows, services and even products. At LCH.Clearnet, we continue to drive innovation in the systems we develop and through the enhancement of our risk management approach, as well as expanding the reach of our clearing capabilities across new asset classes and geographies. We are fully committed to maintaining our reputation as the leading horizontal, international and risk management driven CCP.”

Some of LCH.Clearnet’s milestones in 2013 include:

To view this press release as a pdf click here.

About LCH.Clearnet

The LCH.Clearnet Group is a leading multi-asset class and multi-national clearing house, serving major exchanges and platforms as well as a range of OTC markets.

LCH.Clearnet’s world-class risk management framework provides exceptional levels of protection to international markets, as has been proven through the management of recent defaults. As demand for robust clearing services continues to grow, LCH.Clearnet is committed to achieving the highest standards of risk management across all asset classes cleared.

LCH.Clearnet is majority owned by London Stock Exchange Group (LSE.L), a diversified international exchange group that sits at the heart of the world's financial community.

For more information on LCH.Clearnet visit www.lchclearnet.com/media_centre

Contact: Rachael Harper +44 207 426 7175