International Commodities Clearing House (ICCH)
Contents
Exploring the Legacy of the International Commodities Clearing House (ICCH)
Delve into the history and functions of the International Commodities Clearing House (ICCH) and its transformation into the London Clearing House Ltd (LCH). Discover how the LCH continues to play a pivotal role in providing clearing services across various asset classes in today's financial landscape.
Unveiling the Origins of ICCH and its Evolution
Trace the origins of the ICCH back to its inception in 1971, stemming from the London Produce Clearing House Ltd established in 1888. Learn about the pivotal moments in its history, including its divestment of clearing software business and subsequent rebranding as the LCH Ltd. Explore the amalgamation of the London Clearing House and Clearnet in 2003, culminating in the establishment of the LCH Group.
The Role of LCH in Modern Financial Markets
Gain insights into the vital functions performed by the LCH in today's financial ecosystem. Understand how it assumes counterparty risk, imposes minimum requirements on members, and collects margin to mitigate risk in trading transactions. Explore the wide array of asset classes covered by LCH's clearing services, from rates and foreign exchange to equities and commodities.