For me, with a middle view (
bring interest rate swaps to exchanges first and see how they work, then try other instruments that are less liquid), I found the exchange to be a waste of precious time, but it was revealing of the attitudes of those in the Treasury.
Wingate, a subsidiary of Guardian Care Homes, has
brought an interest rate swap claim, against Lloyds, alleging that a 2011 settlement over swap mis - selling should be overturned because of the bank's libor fixing.