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SunGard Sol To Support SwapClear In U.S.

The Stream GMI solution for post-trade listed derivatives clearing and accounting of SunGard, a software and technology services company, is providing support to LCH.Clearnet’s over-the-counter interest rate swap clearing service SwapClear in the U.S.

The Stream GMI solution for post-trade listed derivatives clearing and accounting of SunGard, a software and technology services company, is providing support to LCH.Clearnet’s over-the-counter (OTC) interest rate swap (IRS) clearing service SwapClear in the U.S. The solution already provides support to SwapClear in Europe.

Customers will now be able to clear IRS through SwapClear alongside traditional listed derivatives as Stream GMI merges back-office processing of all centrally cleared products on a single platform. SwapClear cleared trades with a total notional principal of $290 trillion, as of October 31. LCH.Clearnet is an independent clearing house, serving major international exchanges and platforms as well as a range of OTC markets.

Click here for the release from SunGard.

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