Interest Rate Swaps

SwapClear is the only truly global clearing service for  over-the-counter (OTC) interest rate swaps and currently clears more than 40% of the interest rate swap market,  representing trades with a total notional principal of $229 trillion.  

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, and GBP out to 50 years, AUD, CAD, CHF,  SEK and vanilla JPY out to 30 years and the the remaining 6 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