March 17, 2009 05:50 ET

Nomura Begins Trading with LCH.Clearnet's SwapClear

LONDON, UNITED KINGDOM--(Marketwire - March 17, 2009) - Nomura, the global investment bank, today announced that its global interbank interest rate business has successfully commenced trading through LCH.Clearnet's SwapClear platform.

Nomura is the 22nd financial institution to be given dealer status by LCH.Clearnet and is the only member to represent the Asia region. By clearing interest rate swaps through LCH.Clearnet, Nomura benefits from lower counterparty credit and operational risk and more secure collateral handling procedures.

"This is a key stage in the development of Nomura's Global Rates business," said Kieran Higgins, Co-Head of Fixed Income, Europe, Middle East and Africa. "LCH.Clearnet is the industry standard in clearing and counterparty services and our partnership confirms to the market that we are fully committed to the growth and global reach of our Fixed Income franchise."

Nomura already utilises LCH.Clearnet's EquityClear and RepoClear services and this development with SwapClear grants the firm further liquidity in the global inter-dealer market.

Nomura's dominance in the Asian interest rate swap market provides the opportunity for SwapClear's member firms to have increased liquidity where previously they may not have had market share. Inversely, the relationship provides Nomura with a platform to provide diversity outside of Asia, particularly in Europe and the Americas.

Notes to Editors:


Nomura is a leading financial services group and the pre-eminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit

LCH.Clearnet's SwapClear

SwapClear provides the over-the-counter interest rate swap market with the benefits of centralised clearing. Established in 1999, SwapClear now clears circa 50% of the global interbank market. In 2008 the outstanding notional value of interest rate swap trade sides within SwapClear increased by over 41% to over USD 150 trillion.

Contact Information

  • Nomura
    Jonathan Hodgkinson
    +44 (0) 20 7102 1471