Today Baton Systems announced that London Stock Exchange Group-owned LCH SA has integrated with the DLT-based Baton Core Collateral system. The DLT solution helps manage collateral used for margin requirements for cleared FX derivatives and was launched in 2019 with JP Morgan as the first client. The European central counterparty clearinghouse (CCP) LCH SA joins UK-based LCH Limited, which connected a year ago.
A total of 11 CCPs are integrated, including ICE Clear Europe, CME, Eurex and SGX. Initially, Baton and LCH SA have partnered for connectivity to the CDSClear service.
The key benefit of the Core Collateral solution is automating workflows for collateral and providing intraday visibility into margin obligations and collateral holdings. Ultimately automation means money is tied up for less time and saves money.
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