Banks have long predicted collateral management would become a vital service for swap end-users ... Last week, LCH SwapClear reported it had surpassed US$100trn in client notional cleared for interest ...

It also prioritised clearing, helping clients achieve cross-product margining and reduce collateral liabilities. That was crucial in an environment in which capital requirements such as the Basel III ...

State Street has worked with the Japan Securities Clearing Corporation (JSCC) to assist the clearing house in adding USD cash to the eligible collaterals in its interest rate swap clearing service.