The addition of ABN AMRO Clearing Bank will increase the total number of SwapClear clearing members to 37.
ABN AMRO Clearing covers 85 of leading exchanges across Europe, the Americas and Asia-Pacific, with 12 offices across the globe.
ABN AMRO Clearing head of the OTC Derivatives Clearing Service Alexander Jacobs said clearing the dealer to dealer business with an industry leading service such as SwapClear will bring greater transparency and efficiency and the company look forward to introducing the benefits of central clearing to clients in the near future.
SwapClear CEO Michael Davie said that SwapClear affords exceptional levels of protection for clearing members and end-users, delivering a secure, reliable and efficient environment for processing IRS trades.
