LSE-owned clearer is the first international firm to gain Japanese approval
LCH.Clearnet, the clearing house
majority-owned by the London Stock Exchange Group, said it has
received approval for a clearing licence from the Japanese
Financial Services Agency (FSA), making LCH Clearnet the first
international clearing house to receive approval in Japan.
The granting of the licence enables
LCH.Clearnet to clear non-Yen OTC interest rate derivatives, on
behalf of local banks based in Japan through its SwapClear
service. The new licence should also bring further integration
of the global interest rate swap market into Japan.
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