LCH.Clearnet works closely with market participants to develop and deliver new markets and clearing services. We have successfully cleared over-the-counter (OTC) products for over ten years and, during this time, have launched market leading services, clearing products as diverse as repos, freight and iron ore and fertilizer swaps. Furthermore, our OTC interest rate swap clearing service, SwapClear, currently clears 64% of the inter-bank market services.
Recently we began clearing for a new US power exchange, Nodal Exchange, the first to enable trading of location forward trading products.
In more established markets, LCH.Clearnet’s commitment to delivering cost-effective services has seen our equity clearing tariffs fall significantly in the last two years. We continue to pursue corporate initiatives that should enable us to further reduce the cost of clearing.