--- title: SwapClear Gains First Chinese Clearing Member description: Bank of China now has access to clearing of interest rate derivatives at LCH. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/aberdeen-am-looks-to-grow-in-china-May-12-2022-09-02-21-13-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/swapclear-gains-first-chinese-clearing-member#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Clearing](https://articles.marketsmedia.com/tag/clearing) - Clearing - SwapClear Gains First Chinese Clearing Member Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/swapclear-gains-first-chinese-clearing-member#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 06.19.2019 By Shanny Basar Clearing # SwapClear Gains First Chinese Clearing Member 06.19.2019 By Shanny Basar ![SwapClear Gains First Chinese Clearing Member](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/aberdeen-am-looks-to-grow-in-china-May-12-2022-09-02-21-13-AM.jpg) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/swapclear-gains-first-chinese-clearing-member) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/swapclear-gains-first-chinese-clearing-member) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/swapclear-gains-first-chinese-clearing-member) LCH, a leading global clearing house, today announced that Bank of China (UK) Limited, Bank of China’s UK entity, has joined its SwapClear service as its first clearing member from a Chinese banking group. By joining the service, Bank of China now has access to clearing of interest rate derivatives at LCH. The bank will also act as a a clearing broker, offering clearing services to its client base. https://twitter.com/LCH\_Clearing/status/1141279886981632000 In 2015, Bank of China became the first Chinese banking group to offer Protected Payments System (PPS) services to LCH Ltd’s clearing members. The extension of Bank of China’s relationship with LCH means that the bank will now benefit from the efficiencies associated with clearing at the world’s largest multi-currency pool of interest rate derivatives liquidity. Kate Birchall, Head Asia Pacific, LCH Ltd, said: “I’m delighted to welcome Bank of China as LCH’s first clearing member from a Chinese banking group, an important milestone for LCH in the Asia Pacific region. This is another significant step in the ongoing collaboration between the markets of China and the UK. Over the past year we have expanded the number of currencies cleared at SwapClear and look forward to providing Bank of China and its clients access to LCH’s clearing services and global liquidity pool.” Mr. Wenjian Fang, CEO, Bank of China UK, said: “We are delighted to become the first Chinese clearing member of LCH. This is another significant milestone in our strategic partnership with LCH after BOC becoming the first Chinese PPS Bank of LCH. The clearing membership is a vital component of our group financial market infrastructure. It will enhance our group risk management, compliance capability and our product competitiveness. I believe we will continue to deepen our co-operation in more areas to promote the internationalisation of the Renminbi and Chinese institutions.” Source: LCH [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/swapclear-gains-first-chinese-clearing-member) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/swapclear-gains-first-chinese-clearing-member) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/swapclear-gains-first-chinese-clearing-member) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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