Margin rules push interdealer inflation swaps to clearing

Traders say 95% of the market now cleared, compared with 10% a month ago

arrow-shutterstock-96752269

The proportion of interdealer inflation swaps being cleared voluntarily has increased dramatically since new derivatives margining rules came into force, rising from around 10% of the market to 95% in just over a month.

Inflation swaps have been able to be cleared at LCH since April 2015, but take-up in the interdealer community was slow. On August 1, a month before the new non-cleared over-the-counter derivatives margin regime took force, just 30 euro, sterling and US dollar inflation swaps

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 individual account here: