Core Insights - OVHcloud has signed a cloud hosting agreement with LCH SA to enhance operational resilience, security, scalability, and faster deployment of services [1][2] - The migration of LCH SA's services to a SecNumCloud qualified environment marks a significant step in its digital transformation [2] - OVHcloud's SecNumCloud solution allows LCH SA to utilize advanced cloud technology while ensuring high security and regulatory compliance [3] Company Overview - OVHcloud is recognized as a global cloud player and the leader in the European cloud market [1] - LCH SA is a key provider of market infrastructure in Europe and plays a significant role in the global financial community [3] Strategic Implications - The collaboration supports LCH SA's fast-growing, diversified global activities across various asset classes [2] - The use of OVHcloud's services is expected to enhance operational efficiency and scalability for LCH SA [3]

企查查APP显示，近日，上海清算所关联公司即银行间市场清算所股份有限公司发生工商变更，注册资 本由33亿人民币增至120亿人民币，同时多位高管发生变更。企查查信息显示，该公司成立于2009年11 月，法定代表人为马贱阳，经营范围涉及为金融市场提供直接和间接的本外币清算服务等，由中国外汇 交易中心（全国银行间同业拆借中心）、中央国债登记结算有限责任公司、中国金币集团有限公司等共 同持股。 （原标题：上海清算所注册资本增至120亿） ...

Financial Data and Key Metrics Changes - Fiscal year 2025 was a pivotal year for the company, marking its first full fiscal year as a public entity, with significant one-time costs absorbed while laying a foundation for future profitability [4][5] - The company reported its first quarter of positive cash flow in Q4 2025 but still recorded a net loss primarily due to noncash items and elevated regulatory costs [8][9] - Total debt was reduced by 83% from $52,643,291 to approximately $8,000,945, with over $43,000,000 in liabilities extinguished [11][12] Business Line Data and Key Metrics Changes - Wilson Davis, the broker-dealer subsidiary, remained profitable throughout the year, contributing to steady commission and clearing revenues, alongside growth in the stock loan business [5][8] - The revenue base became more diversified, with securities lending and interest income contributing alongside commissions and clearing fees [6][9] Market Data and Key Metrics Changes - The company is targeting small and midsized financial institutions, which have been underserved by larger clearing providers, indicating a vast market opportunity [5][25] - The stock loan revenue showed growth, with net stock loan revenue increasing from $258,000 in July to over $400,000 in September [12] Company Strategy and Development Direction - The company aims to build a vertically integrated platform for trading, clearing, settlement of financial assets, and banking services [4] - Key priorities for fiscal 2026 include debt restructuring, technology deployment, operational growth, and strategic acquisitions [13][15] - The acquisition of Commercial Bancorp is expected to create internal synergies, enhance credit offerings, and improve net interest margins [29][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to attract additional capital due to a stronger balance sheet and significant growth in net income [22] - The company anticipates increased profitability at Wilson Davis driven by stock loan, margin lending, and commission growth [14][15] - Management highlighted the importance of insider participation in recent financing as a strong endorsement of the company's strategy and future [34][36] Other Important Information - The company launched the OLA digital account opening solution to automate onboarding and compliance processes [6] - The appointment of Steve Carlson as an independent director is expected to strengthen the leadership team and compliance with NYSE requirements [18] Q&A Session Summary Question: How does the stronger balance sheet change the way you're thinking about growth and acquisitions? - Management indicated that the stronger balance sheet has significantly improved opportunities to attract additional capital and has led to a nearly 300% increase in net income at the operating facility [22] Question: What does your pipeline look like for correspondent clearing clients? - Management noted a lively pipeline with potential clients in various stages, emphasizing the vast market opportunity for small financial institutions [25][26] Question: What are the biggest benefits of combining Commercial Bancorp's banking operations with your clearing platform? - Management highlighted the creation of internal synergies, improved credit offerings, and the potential for a Fed master account as key benefits of the acquisition [29][33] Question: How should investors interpret the level of insider participation in recent financing? - Management described insider participation as a strong endorsement of the company's strategy, indicating alignment between leadership and shareholders [34][36] Question: How does Hanrae fit into the broader growth plans? - Management expressed optimism about imminent funding from Hanrae and highlighted the changing market perception of the company's value [39][40]