London Clearing House

London Clearing House
( LCH)
A Recognised Clearing House ( RCH) under the FSA, and is responsible for the clearing and settlement of derivative transactions effected on LIFFE, LME and IPE, and also securities transactions on Tradepoint Stock Exchange. Dresdner Kleinwort Wasserstein financial glossary
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( LCH) Euroclear Clearing and Settlement glossary
See LCH.Clearnet. Euroclear Clearing and Settlement glossary
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( LCH)
The LCH is a Recognised Clearing House under the Financial Services and Markets Act (2000). Its primary role is to act, in relation to its members, as central counterparty for contracts traded on LIFFE, the IPE and the LME. When LCH has registered a trade, it becomes the buyer to every LCH member who sells and the seller to every LCH member who buys, ensuring the financial performance of trades. To protect itself against the risks assumed as central counterparty, LCH establishes margin requirements. LIFFE
See margining. LIFFE

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London Clearing House ˌLondon ˈClearing ˌHouse abbreviation LCH noun
FINANCE ORGANIZATIONS an organization that organizes payments between buyers and sellers of futures (= contracts to buy particular shares, bonds etc on a fixed date) and option S (= rights to buy shares etc during a particular period of time). It is owned by the most important UK clearing bank S

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   A central counter party and clearing house, particularly used for European government bonds. It acts on behalf of the International Petroleum Exchange and the London Metal Exchange, among others.
   ■ www.lch.co.uk ■

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London Clearing House UK US noun (ABBREVIATION LCH) FINANCE
► LCH.CLEARNET(Cf. ↑LCH.Clearnet)

Financial and business terms. 2012.

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