Lloyds Bank Corporate Markets delivers corporate banking and risk management services to financial institutions and corporate customers.
Lloyds Bank Corporate Markets head of Swaps Trading Bruce Kellaway said that clearing interest rate swaps is a key step for Lloyds Bank Corporate Markets. The credit and operational efficiencies that result from joining an IRS clearing service such as SwapClear, allow Lloyds Bank to further build competitive solutions for clients.
LCH.Clearnet SwapClear CEO Michael Davie said that Lloyds Bank Corporate Markets joins LCH.Clearnet at an opportune time as regulators look to strengthen financial markets and the company welcomes the liquidity and expertise that they bring.
With the addition of Lloyds Bank Corporate Markets, the number of clearing participating in IRS clearing service SwapClear, reached to 50.
