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LCH gives US clients FCM clearing for swaps
09 August 2010
LCH.Clearnet is to offer US clients access to its SwapClear interest rate swap clearing service via a futures commission merchant model by the end of the year, pending regulatory approval.
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LCH.Clearnet
SwapClear
The clearing house hopes to expand its market position by providing the familiarity of clearing through an FCM, so that client collateral and positions are portable and initial margin collateral is held within the US.