Banca IMI joins LCH's CDSClear
April 30, 2019

Speed read: The investment bank of Intesa Sanpaolo Group live clearing CDS at LCH SA. Latest milestone builds on CDSClear's continued growth in Europe, with record volumes processed at CDSClear in 2018. CDSClear provides the largest product offering of any credit derivatives clearing service.

Global clearing house LCH has this week announced that Banca IMI, the investment bank of Intesa Sanpaolo Group, has joined its CDSClear service as its first Italian member. By joining the service, Banca IMI now has access to clearing of credit derivatives referencing both Single Names and Indices. It will also act as a a clearing broker, offering CDS clearing services to its client base.

Banca IMI is already a member of LCH SA's EquityClear and RepoClear clearing services. The extension of Banca IMI's membership means that the bank will benefit from CDSClear's extensive product offering: the broadest of any CCP clearing credit derivatives. It will also be able to benefit from CDSClear's risk management expertise and achieve margin efficiencies through the portfolio margining of offsetting positions cleared at LCH SA.





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Speed read: The investment bank of Intesa Sanpaolo Group live clearing CDS at LCH SA. Latest milestone builds on CDSClear's continued growth in Europe, with record volumes processed at CDSClear in 2018. CDSClear provides the largest product offering of any credit derivatives clearing service.

Global clearing house LCH has this week announced that Banca IMI, the investment bank of Intesa Sanpaolo Group, has joined its CDSClear service as its first Italian member. By joining the service, Banca IMI now has access to clearing of credit derivatives referencing both Single Names and Indices. It will also act as a a clearing broker, offering CDS clearing services to its client base.

Banca IMI is already a member of LCH SA's EquityClear and RepoClear clearing services. The extension of Banca IMI's membership means that the bank will benefit from CDSClear's extensive product offering: the broadest of any CCP clearing credit derivatives. It will also be able to benefit from CDSClear's risk management expertise and achieve margin efficiencies through the portfolio margining of offsetting positions cleared at LCH SA.



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