LCH.Clearnet’s OTC SwapClear Service Clears One Millionth Trade

SwapClear, LCH.Clearnet Limited’s OTC interest rate swap clearing service, has cleared its millionth trade, taking the notional value of trades in SwapClear to US$206 trillion. Launched in 1999, SwapClear currently clears 64% of the global interbank interest rate swap market and the range of products cleared has been extended to include overnight index swaps of...

Read More