LCH.Clearnet will open up SwapClear, its clearing service for over-the-counter interest rate swaps, to investors and companies in the second half of this year. So far, the 10 year old platform has only been available for interbank swaps.
Joe Reilly, director of SwapClear at LCH.Clearnet in London, told Futures and Options Intelligence that when completed, the service will enable corporate treasuries, hedge funds and pension funds to clear their bilaterally agreed interest rate swaps through LCH.Clearnet....