SwapAgent processes first cross-currency basis swap

Euro Dollar
By Ross Lancaster
30 Nov 2017

LCH SwapAgent, the non-cleared derivatives calculation agent arm of the clearing house, has processed its first cross-currency basis swap, a trade between Deutsche Bank and Credit Suisse.

ICAP brokered the euro-dollar swap, which MarkitSERV then processed. LCH SwapAgent, which will calculate the net present value settlement on the position, aims to bring clearing efficiencies to non-cleared derivatives markets.

“We see the move toward standardisation as a way to improve liquidity in the cross-currency basis market, and ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.