SwapClear to restart compression in leverage boon for banks

squash-compression

LCH.Clearnet's SwapClear plans to restart its multilateral trade compression service next month, dealers say, after making changes that bring it in line with US clearing rules. A conflict with those rules forced part of the service to be suspended in April, restricting members' ability to cut the size of their cleared portfolios – one way in which banks hope to comply with the leverage ratio.

"If you don't have compression, then the leverage ratio is more of a problem," says one London-based der

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