Eight banks are live and three more are set to join the new CDSClear service
LCH.Clearnet said eight banks are clearing
the new indices and single name credit default swaps it added
to CDSClear on Tuesday, marking the latest step in
LCH’s challenge to dominant credit clearer the
Eight banks are already live on the new
service and another three are expected to start in due course
clearing credit swaps on the European financial firms indices
and the credit default swaps on each of the individual firms
that make up the lists, according to LCH.
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