Nasdaq OMX Nordic announced on June 22 it had begun clearing interest rate swaps in Swedish kronor.
The move presages a joint project with Swedish
bank SEB and the Swedish National Debt Office, Riksgälden,
to become a fully fledged central counterparty for Swedish
The bourse is in dialogue with the major
dealers in Sweden’s swap market, which has an
average daily turnover of Skr30bn ($3.9bn). It says the move
anticipates likely enforced clearing of swap trades through a