London Stock Exchange Group PLC LCH SA and Euronext N.V. (7163R)
08 Noviembre 2021 - 11:51AM
UK Regulatory
TIDMLSEG
RNS Number : 7163R
London Stock Exchange Group PLC
08 November 2021
8 November 2021
LCH SA and Euronext N.V.
LSEG (London Stock Exchange Group) notes today's announcement
from Euronext N.V. ("Euronext") regarding its long-term clearing
arrangements with LCH SA, the Group's leading Paris headquartered
CCP.
LCH SA offers clearing for a range of asset classes, with a
proven track record in best-in-class service and robust risk
management. As a Group we are strongly committed to LCH SA. We
continue to expand and develop new products and services,
reinforcing the diversified range of products cleared across asset
classes.
LCH SA's current agreement with Euronext with regards to
financial derivatives and commodity derivatives clearing services
runs through to 2027. Under the terms of this agreement, Euronext
has limited early termination rights, one of which is exercisable
with an earliest effective date of January 2024. The provision of
cash equities clearing services is subject to a 12-month notice
period.
While there is still uncertainty with regards to the detail,
extent and timing of any changes, the total potential impact is
less than c. 1% of total Group revenue and is not at risk for a
number of years. Euronext's announcement has no impact on LCH SA's
RepoClear and CDSClear businesses or on SwapClear and
ForexClear.
We will continue to work closely with Euronext under our
existing partnership and look forward to continuing to offer our
clearing services to our global customers, who benefit from access
to our multi-asset offering.
For further information, please contact:
London Stock Exchange Group
plc
Lucie Holloway/ Rhiannon Davies
(Media) +44 (0)20 7797 1222
Paul Froud (Investors) ir@lseg.com
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END
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