Cleared swaps
Access the most capital-efficient solution for Interest Rate swaps cleared across 24 currencies.
https://www.cmegroup.com/content/dam/cmegroup/markets/otc/images/otc-1440x500.jpg
Clearing the way forward
Explore our products
What's new
Check out the latest from cleared swaps.
Products/OTC Products
News-And-Events/News
Cleared Swaps Products
Explore our cleared swaps
Cleared Interest Rate swaps
Discover a more capital-efficient clearing solution covering 24 currencies of interest rate swaps and offering unparalleled savings via margin offsets against SOFR futures and options, Treasury futures and options, and Fed Funds futures.
AVERAGE DAILY MARGIN SAVINGS IN IRS AND FUTURES PORTFOLIOS IN JUNE 2026
SOFR F&O-Related Savings
USD Swaps-Related Savings
Average Savings across all Accounts
CUSTOMER ACCOUNTS
SOFR swaps
Access clearing services for SOFR-based Interest Rate swaps for both the outright OIS and Basis Swaps and experience seamless trades between SOFR and the existing benchmarks.
NOTIONAL VALUE OUTSTANDING TO DATE
$7.1 trillion 2026
Notional value of cleared SOFR Swaps to date
$35.9 trillion
Participants have cleared SOFR Swaps
560+
Latin American swaps
Enhance your capital efficiencies with our market-leading clearing solution, which offers regular compression cycles for Brazilian, Colombian and Mexican swaps.
PARTICIPANTS CLEARING AT CME TO DATE
420
DAILY VOLUME IN 2026 YTD LATAM IRS
$86 billion
CHILEAN CAMARA AND COLOMBIAN IBR OIS AVG DAILY VOLUME IN 2026 YTD
$21 billion
Cleared OTC FX
Stay ahead of global regulations with a cash-settled FX clearing solution that provides superior cost and capital efficiencies compared to physically-delivered products and cross-margining against all OTC FX products.
Cash-Settled Forwards
26
Non-Deliverable Forwards
11
Cash-Settled Options
7
Resources
View fees, volume, mandated products, related methodologies and more.
Links
Links
Use cases
Listed options
By supporting SOFR and Treasury options in portfolio margining, CME Group clients can leverage their excess long net option value to cover cleared swap margin requirements
Get started today
Create an account [registration, button, secondary-2, secondary]
CME Margin Services
Facilitating capital efficiencies for a capital-constrained world
Learn how cleared swaps can help you save on overnight funding costs and provide indicative margin savings.
Margining tools
Run indicative margins across your portfolio—including CME Group futures, options, and OTC.
Getting started
Take advantage of our streamlined onboarding and the operational efficiences of OTC Interest Rates and FX swaps through CME Clearing.
Eligible collateral
Enjoy the flexibility of posting collateral with CME Clearing, where US dollars, asset-backed securities and agency bonds are among the accepted ranges.
Contact the cleared swaps team
Connect with a member of our expert cleared swaps team for more information about our products.