LCH hits $1 trillion mark in cleared SOFR swaps for 2019
LCH SwapClear said it is the first clearing house to offer swaps benchmarked to the secured overnight financing rate (SOFR).
Tag: SOFR swaps
Morgan Stanley, Credit Suisse and JP Morgan clear first OTC SOFR swaps with CME
Five major market participants have cleared $200 million in notional of OTC SOFR swaps since CME launched the product in May this year.
Credit Suisse, Goldman Sachs and JP Morgan clear first SOFR swaps with LCH
Major investment banks clear the first US interest rate swaps using US Libor alternative benchmark SOFR.