Interest Rate Swaps

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 2.5 million trades in SwapClear have an aggregate notional principal amount of over $380 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 2 years in USD, EUR, GBP, CHF and CAD.

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