LCH.Clearnet will revalue Japanese yen (JPY) interest rate swap (IRS) trades in SwapClear using the overnight index swap (OIS) curve. The trades will be revalued from October. At present, the total outstanding notional value of IRS denominated in JPY within SwapClear is $18.33 trillion, consisting of more than 12% of the total SwapClear portfolio by value. LCH.Clearnet started using OIS to discount dollar, euro and pound IRS trades in June 2010.

Click here for the release from LCH.Clearnet.