SwapClear is the only truly global clearing service for over-the-counter (OTC) interest rate swaps and currently clears more than 50% of the interest rate swap market. The 3.1 million trades in SwapClear have an aggregate notional principal amount of over $421 trillion, with a further $188 trillion of cleared transactions removed through multilateral trade compression.
Launched in 1999 by LCH.Clearnet, SwapClear initially cleared plain vanilla interest rate swaps in four major currencies. Today it clears swaps in 17 currencies: USD, EUR and GBP out to 50 years, JPY to 40 years, AUD, CAD, CHF & SEK to 30 yrs, NZD out to 15 years and the remaining 8 currencies out to 10 years. It also clears OIS out to 30 years in EUR, GBP and USD and out to 2 years in CHF and CAD.
Sales and Customer ServicePhil Atkinson
NAB Granted Direct Clearing Membership of LCH.Clearnet, SwapClear
National Australia Bank (NAB) announced today that it has become a Direct Clearing Member of LCH.Clearnet's SwapClear interest rate swap clearing service and successfully cleared its first trades as a direct member.
05 November - SwapClear Tolerance changes - LLC
05 November - SwapClear Tolerance changes - Ltd
29 October - Bilateral Termination