LCH.Clearnet makes SwapClear available to buy-side clients

12/21/2009 | (subscription required)

Dealers already use LCH.Clearnet's SwapClear platform to clear interest rate swaps across more than a dozen major currencies, and now the platform will be available to buy-side market participants. "It's a big evolutionary step forward for the market," said Harry Harrison, head of US fixed-income trading at Barclays Capital. The move will give buy-side clients access to "a unique and proven default-management process, reduced counterparty risk, portability, margin segregation and improved operational efficiencies", said Roger Liddell, CEO at LCH.Clearnet.

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