LCH.Clearnet’s over-the-counter (OTC) interest rate swap (IRS) clearing service SwapClear has added three new currencies to its list. Traders can clear IRS trades denominated in Hungarian Forint, Czech Koruna and Singaporean Dollars.
The new additions will be limited to only 10 years, though swaps in some of these currencies can be cleared with maturities of nearly 50 years. SwapClear enables over 95% of all eligible IRS trades to be cleared.
Click here for the release from LCH.Clearnet.