LCH Partners with BNY for its First Triparty Offering

LCH has expanded the reach of its collateral connectivity by plugging into BNY’s Global Collateral platform, marking the clearinghouse’s first foray into triparty services.

LCH says by making triparty services available to Futures Commission Merchants (FCMs), as well as broker dealers and non-FCM members, it is extending access to a broader clearing community.

The connectivity to BNY is designed to enhance operational and liquidity efficiency, the firm adds, as well as extend collateralisation hours, and optimise the allocation of eligible US Treasury and US agency securities collateral, a point made by Antony Baldwin, global head of collateral and liquidity management at LCH, who says, “The addition of BNY’s Global Collateral platform marks another step forward in enhancing margin efficiency and operational resilience across the collateral ecosystem.”