Mizuho becomes latest member to join LCH SwapAgent
Addition of Mizuho Bank increases dealer entity count at SwapAgent to 47, spanning 15 countries.
Addition of Mizuho Bank increases dealer entity count at SwapAgent to 47, spanning 15 countries.
Addition of TD Securities increases total member count at LCH SwapAgent to 44, spanning 12 countries.
The service provider enabled trades through EUR Transport Currency with Bank of America, Commerzbank, Danske Bank and Santander as counterparties.
Latest move demonstrates LCH SwapAgent’s commitment to improve standardisation, efficiency and simplicity in the bilateral derivatives market.
The move underlines LCH SwapAgent’s ongoing support of the industry transition to risk free rates.
The cross-currency basis swap between Bank of America and Lloyds highlights LCH's commitment to supporting the reform of reference rates.
LCH SwapAgent has said that €4.5 billion in notional of trades were compressed via TriOptima’s triReduce service.
LCH SwapAgent processed the first swaption trades with Deutsche Bank and Nomura.