Interest Rate Swaps

SwapClear is the only truly global clearing service for  over-the-counter (OTC) interest rate swaps – clearing one third of the IRS market with USD215.5 trillion in notional trades outstanding.

Launched in 1999 by LCH.Clearnet, SwapClear  initially cleared plain vanilla interest rate swaps in four  major currencies. Today, it clears swaps in 14 currencies; USD, EUR, JPY and GBP out to 30 years and the remaining 10 currencies out to 10 years. It also clears OIS out to 2 years in USD, EUR, GBP and CHF. Over the last ten years, LCH.Clearnet has worked closely  with market participants to build SwapClear into a leading and successful inter-dealer OTC clearing service providing  a range of benefits to the inter-bank market.

SwapClear for Clients