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July 2, 2013

LCH receives authorisation to clear IRS in Australia directly

Although SwapClear has accepted AUD IRS for some time, there has been a pending approval from regulators in Australia as to whether Australian banks can directly join the service. That approval has now been received, which will over-shadow the efforts by ASX to offer a domestic IRS clearing service. There may well be room for a domestic service, this approach exists in Hong, Kong, Japan, Poland and soon Brasil perhaps.

Full story here: LCH authorised for Australia


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