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January 23, 2013

SwapClear US receives CFTC approval

The CFTC just published a press release enabling LCH to begin full operations on-shore in the US. This move is intended to remove any worries about margin assets moving offshore MF Global style and gives LCH a new competitive offering to counter other CCP offerings in the US.

This new CCP stands alone from the existing SwapClear service from every perspective, so your trades, margin calculations and settlement are all specific to the US service with no co-mingling with the ‘global’ SwapClear.

This echoes ICE & CME who both operate or intend to operate different CCPs in the US & Europe.

Checkout SwapClear US for full details.


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