Launched by LCH Ltd in September 1999, SwapClear started clearing plain vanilla interest rate swaps in four major currencies. In 2009, in response to market demand, SwapClear extended its service to buy-side clients. The clearing house group’s US footprint expanded further when, in 2012, it purchased IDCG. The acquisition enabled LCH to operate a US-domiciled CCP and reinforced the clearing house’s commitment to the US marketplace.
Today, SwapClear offers members and clients one the broadest range of products and services of any clearing service globally.