CH CDSClear has gone live with clearing for 87 Single Name constituents of the CDX HY Indices as it continues to grow its services globally 

Addition completes set of Single Name constituents of the CDX HY Indices

Enables customers to benefit from margining efficiencies by clearing CDX HY indices and their Single Name constituents as index basis packages

#LCH #CDSClear has gone live with clearing for 87 Single Name constituents of the CDX HY Indices as it continues to grow its services globally. Learn more about LCH CDSClear here. https://t.co/04tCJi78Cn pic.twitter.com/wH4Sb5OTTx

— LCH, An LSEG Business (@LCH_Clearing) January 23, 2023

Follows launch of other clearing services in 2022 which now include Single Name Sovereigns, client clearing of Credit Index Options, and additional Indices and their Singles Names covering Asia ex Japan, Australia, Western Europe, and Emerging Markets

In 2022, the service registered a record €3.36 trillion in Index, Single Names and Options notional cleared, up 47% from 2021 (€2.28 trillion), including a record $124 billion in US Index and Single Names notional cleared

Frank Soussan, Global Head of CDSClear and Head of SA EquityClear & CommodityClear, LCH, said: “By making available all 87 Single Name constituents of the CDX HY Indices, customers can now trade and clear all the Single Name constituents of every index family that is eligible for clearing at CDSClear, fully benefiting from the margining efficiencies applicable. 2022 was a stellar year for CDSClear and we are pleased to build on that success even further by offering this full product set.”

Source: LCH