London Stock Exchange Group PLC LCH SA and Euronext N.V. (7163R)

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)                           [phone] 
  Paul Froud (Investors)             [e-mail] 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDKFBQOBDDFDK

(END) Dow Jones Newswires

November 08, 2021 12:51 ET (17:51 GMT)