There are many benefits to clearing...
- Reduced exposure of clients to counterparty credit risk
- Segregation of client margin to mitigate the impact on clients in the event of their member defaulting
- Portability of trades to enable continued performance of swap trades in the event of their member defaulting
- Default protection through our proprietary risk management approach
...And SwapClear’s clearing service has been tailored to meet the needs of our clients worldwide, regardless of their location. Not only do we have the most robust platform available for OTC interest rate swap clearing, but we are also continually evolving the service to stay ahead of upcoming regulatory requirements and their effects on clients. To that end, we’re pleased to announce the latest enhancements effective Dec. 5, 2011:
- More types of collateral accepted for initial margin
- Enhanced allocations
- Direct connectivity through more platforms in the U.S.: Bloomberg, TradeWeb, MarkitSERV
- Flexible risk-free compression (U.S.)
- TriOptima compression runs (EMEA)
- Product extensions
- Now clearing variable notional swaps—amortizers, accretors, roller coasters in the U.S.
- Now clearing FRAs in 10 currencies in EMEA
- Portability
- Extended hours: registration for pre-funded trades until 6 pm EST and end-of-day submission until 7 pm EST
- SMART extension