Friesland Bank has entered an agreement with LCH.Clearnet, Mondovisione reports. The Dutch lender has signed up to the clearing houses’ SwapClear service to clear OTC interest rate swap (IRS) transactions through ABN AMRO Clearing.

The Friesland-based lender is an independent bank with a total balance sheet of around €11 billion. ABN AMRO Clearing acts as a primary clearing broker for Friesland Bank’s interest rate swap transactions.

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