Interest Rate Swaps

SwapClear is the only truly global clearing service for  over-the-counter (OTC) interest rate swaps and currently clears more than 50% of the interest rate swap market. The 1 million trades in SwapClear have an aggregate notional principal amount of over $290 trillion, with a further $80 trillion of cleared transactions removed through multilateral trade compression.

Launched in 1999 by LCH.Clearnet, SwapClear  initially cleared plain vanilla interest rate swaps in four  major currencies. Today, it clears swaps in 17 currencies; USD, EUR, and GBP out to 50 years, AUD, CAD, CHF,  SEK and vanilla JPY out to 30 years and the the remaining 9 currencies out to 10 years. It also clears OIS out to 2 years in USD, EUR, GBP and CHF. Over the last ten years, LCH.Clearnet has worked closely  with market participants to build SwapClear into a leading and successful inter-dealer OTC clearing service providing  a range of benefits to the inter-bank market.

SwapClear for Clients