Lloyds Bank Corporate Markets has started clearing its interest rate swaps (IRS) business via SwapClear. SwapClear is LCH.Clearnet’s IRS clearing service, launched in 1999. The total number of SwapClear clearing members is now 50. Lloyds Bank Corporate Markets is part of the wholesale unit at Lloyds Banking Group and offers corporate banking and risk management services to financial institutions and corporate customers.
Click here for the release from LCH.Clearnet.