SwapClear compressed notional leaps 27% in 2018
$774 trillion of notionals compressed, up from $609 trillion in 2017
LCH SwapClear, the London-based central counterparty’s interest rate swaps clearing service, compressed $774 trillion of derivatives notionals in 2018, an increase of 27% on 2017.
Total swap notionals cleared last year grew 23% on 2017 to $1,077 trillion. The compression run rate – the notionals compressed as a share of total notionals – was 72% in 2018, compared with 70% in 2017, 58% in 2016
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