LCH accepts Singapore dollar and government securities as collateral

Singapore

LCH, which is majority-owned by the London Stock Exchange Group (LSEG), is now accepting Singapore dollar (SGD) and government securities as collateral for margin cover purposes to help clients better manage their liquidity.

Effective Monday, the Singapore dollar joins a select group of currencies accepted as cash margin at LCH, the world's largest clearing house for major international exchanges and platforms as well as a range of over-the-counter (OTC) markets. A clearing house stands between two parties in a deal, guaranteeing the trade in the event of a default.