London Clearing House Launches SwapClear Project


LONDON--The London Clearing House (LCH) has announced plans to develop an international clearing service for OTC interest rate swaps. The service, dubbed SwapClear, is scheduled for launch in August next year. SwapClear membership will be restricted to major banks and securities houses, which will be able to use the LCH as an intermediary counterparty for privately negotiated swaps. This will free up credit lines by multilaterally netting banks' swaps payments, say LCH officials.

The proposed

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: