Citi Clears First Asian Trades on LCH.Swapclear
Citi cleared its first interest rate swaps November 10 on LCH.Swapclear for clients in the Asia Pacific (APAC) region. The firm has now cleared over US$28 billion in notional interest rate swaps for its clients across the Americas, Europe and now APAC. In addition to successfully clearing interest rate swaps on LCH.Swapclear, Citi has successfully cleared interest rate and credit default swaps on the Chicago Mercantile Exchange (CME), and has successfully cleared credit default swaps on ICE Clear Credit.
“Citi’s industry-leading derivatives clearing and futures platform is well positioned to support the APAC region,” said Conor Cunningham, APAC Head of Listed Derivatives Sales and Clearing for Citi. “We have strategically invested in top tier talent and infrastructure in order to support the unique clearing needs of our APAC clients.”
Christopher Perkins, Citi’s Global Head of Derivatives Clearing said, “As a top priority of the firm, Citi is committed to leveraging its unparalleled global footprint to provide world class derivative clearing services to its clients throughout the world. Citi remains strategically focused on the APAC region. ”