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Friesland, LCH.Clearnet In IRS Deal
Friesland Bank has entered an agreement with LCH.Clearnet.
Friesland Bankhas entered an agreement withLCH.Clearnet,Mondovisionereports. The Dutch lender has signed up to the clearing houses’SwapClearservice to clear OTC interest rate swap (IRS) transactions throughABN AMRO Clearing.
The Friesland-based lender is an independent bank with a total balance sheet of around €11 billion. ABN AMRO Clearing acts as a primary clearing broker for Friesland Bank’s interest rate swap transactions.
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