October 19, 2017 BY Valentina Kirilova
LCH clears first swaps referencing SARON
Multi asset global clearing house LCH announced that it is now clearing Swiss Franc (CHF) interest rate swaps referencing SARON, the Swiss average overnight rate. The move comes ahead of the migration of CHF reference interest rates from TOIS to SARON, scheduled for 29 December 2017. Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank were among…
Read more