US funds fear inability to clear amortising swaps


An inability to take cross-border risk could mean some US funds are forced to stop trading certain interest rate derivatives once the second over-the-counter clearing mandate comes into force from June 10.

The problem arises because some products subject to the clearing requirement – specifically, amortising swaps – are currently cleared by London-based SwapClear only. While the firm is registered with the Commodity Futures Trading Commission as a derivatives clearing organisation, and launched

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 individual account here: