Citi Clears Its First U.S. Derivatives Trades on LCH.Clearnet

Citi, announced it has cleared its first U.S. client interest rate trades through LCH.Clearnet, a leading independent clearing house group serving international exchanges and platforms, as well as a range of OTC markets. In Europe, Citi has been clearing for clients on the LCH.Clearnet model for interest rate swaps since December 2009. Citi is one of the first Futures Commission Merchants to clear interest rate swap trades for a U.S. client, reflecting Citi's commitment to a consolidated, global and platform-agnostic approach to central clearing. Citi has also been clearing interest rate swaps through the Chicago Mercantile Exchange (CME) since October, 2010.