RBC becomes first Canadian member of LCH CDSClear 30 May 2025UK Reporter: Karl Loomes
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The Royal Bank of Canada (RBC) has joined LCH CDSClear as the first Canadian clearing member.
The London Stock Exchange Group (LSEG) — LCH’s parent company — 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: “We 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.
“We 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.”
Santosh Sateesh, MD, global head of Credit Derivatives Trading, RBC adds: “We 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.”
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