LCH.Clearnet has launched its interest rate derivative clearing service, SwapClear Client Clearing Service, for buy side market participants.
The service has been designed to offer: “a unique level of security to buy side clients in the case of a bank default, through margin segregation and portability of contracts,” LCH.Clearnet said.
The following banks have committed to using the new offering: Banca IMI, Barclays...