RBC becomes first Canadian member of LCH CDSClear
30 May 2025 UK
Image: KoshiroK/stock.adobe.com
The Royal Bank of Canada (RBC) has joined LCH CDSClear as the first Canadian clearing member.
The London Stock Exchange Group (LSEG) 鈥� LCH鈥檚 parent company 鈥� says this addition demonstrates its continued global expansion, and enables RBC to benefit from margin and operational efficiencies across their credit default swap (CDS) portfolio.
Marcus Robinson, head of CDSClear and DigitalAssetClear, LCH, says: 鈥淲e are delighted to welcome RBC as our first Canadian clearing member, and for the bank to be part of our significant growth journey at CDSClear.
鈥淲e are committed to increasing the level of choice market participants have in CDS clearing and are proud to offer an international clearing member such as RBC access to our broad range of CDS products and access to trade with members and clients across the globe.鈥�
Santosh Sateesh, MD, global head of Credit Derivatives Trading, RBC adds: 鈥淲e are proud to be a part of the growing service at LCH CDSClear, with capability to clear a wide range of credit derivative products while achieving significant risk management efficiencies. This move demonstrates our commitment to our clients across the globe.鈥�
The London Stock Exchange Group (LSEG) 鈥� LCH鈥檚 parent company 鈥� says this addition demonstrates its continued global expansion, and enables RBC to benefit from margin and operational efficiencies across their credit default swap (CDS) portfolio.
Marcus Robinson, head of CDSClear and DigitalAssetClear, LCH, says: 鈥淲e are delighted to welcome RBC as our first Canadian clearing member, and for the bank to be part of our significant growth journey at CDSClear.
鈥淲e are committed to increasing the level of choice market participants have in CDS clearing and are proud to offer an international clearing member such as RBC access to our broad range of CDS products and access to trade with members and clients across the globe.鈥�
Santosh Sateesh, MD, global head of Credit Derivatives Trading, RBC adds: 鈥淲e are proud to be a part of the growing service at LCH CDSClear, with capability to clear a wide range of credit derivative products while achieving significant risk management efficiencies. This move demonstrates our commitment to our clients across the globe.鈥�
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