RBC Capital Markets - About RBCCM - Executive Team Patti Perras Shugart Head, Global Corporate Banking Patti Perras Shugart is Head of Global Corporate Banking, a global business which includes management of an authorized loan portfolio in excess of $175 billion and 165 professionals in 9 offices across Canada, New York, Houston, Dallas, London, Sydney, and Hong Kong. Ms.
The LCH.Clearnet Group is a leading multi-national clearing house, serving major exchanges and platforms as well as a range of OTC markets. It clears a broad range of asset classes, including securities, exchange-traded derivatives, commodities, energy, freight, foreign exchange derivatives, interest rate swaps, credit default swaps, as well as euro and sterling denominated bonds and repos. LCH.Clearnet works closely with market participants to identify and develop innovative clearing solutions. LCH.Clearnet Group Ltd is majority (c.57%) owned by the London Stock Exchange Group, with the remainder being owned by its users (i.e. clearing members) and other exchanges. LCH.Clearnet Group
Clearing house (finance) Once a trade has been executed by two counterparties either on an exchange, or in the OTC markets, the trade can be handed over to a clearing house, which then steps between the two original traders' clearing firms and assumes the legal counterparty risk for the trade. This process of transferring the trade title to the clearing house is called novation. It can take fractions of seconds in highly liquid futures markets; or days, or even weeks in some OTC markets.
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