SwapClear, the over-the-counter interest rate swap clearing service from LCH.Clearnet, has processed over $1tr of overnight index swaps (OIS) since it began handling those contracts 11 weeks ago.
“The success of SwapClear’s OIS offering demonstrates the market’s appetite for tailored over-the-counter clearing solutions,” said Alberto Pravettoni, managing director of commercial services at LCH.Clearnet, in a statement. “Dealers have long recognised the operational and risk...