DERIVATIVES-SwapClear sets new clearing and compression records

LONDON, Jan 6 (IFR) - LCH reported a 25% increase in volume

on its SwapClear platform during 2016, setting new records for

cleared activity in over-the-counter interest rate swaps. At the

same time, record compression activity combined with maturing

trades led to an overall reduction in gross notional at the

clearinghouse.

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