Sernova Financial (Sernova), an innovative provider of post-trade derivative solutions, announces that it has gone live with the LCH SwapAgent service supporting BBVA. The LCH SwapAgent service enables its customers to access significant capital and operational efficiencies for non-cleared products like Cross Currency Swaps and Swaptions. The SwapAgent extension to the Sernova service sits alongside the existing OTC and ETD clearing products to offer smart post trade solutions through a single point of seamless integration.

Francisco Clavero López – BBVA – Capital and Inventory Management Trading Desk – “Being able to leverage the SwapAgent service will enhance the capital efficiency tools available to BBVA and thanks to our long-standing partnership with Sernova, the transition was fast and painless.”

Lois Blazy – LCH – Membership Sales & Relationship Management – “We are delighted to welcome BBVA to SwapAgent’s membership pool. Working with innovative companies such as Sernova Financial helps more market participants to access greater liquidity in a standardised manner.”

Richard Thompson – Sernova Financial – Chief Operating Officer  – “The innovative SwapAgent service is another example of the post trade landscape  constantly changing and we are proud to be providing agile solutions that enable financial institutions to efficiently manage this.”