HSBC leads global uptick in OTC derivatives clearing
Systemic banks cleared record €250 trillion in notionals in 2022
HSBC grew its cleared swaps book by 11 percentage points in 2022 - the largest increase among the global systemically important banks.
The bank cleared 59.6% of its €22.2 trillion ($24.13 trillion) of over-the-counter derivatives, adding €3.29 trillion in cleared notionals compared to the year prior. Bilateral positions fell €1.53 trillion over the same period.
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