LCH Wins Relief For Swap Clearing

24 Mar 2011

The Securities and Exchange Commission has paved the way for mutual fund firms to use U.K.-based LCH Clearnet Limited to clear interest rate swaps.

The Securities and Exchange Commission has paved the way for mutual fund firms to use U.K.-based LCH Clearnet Limited to clear interest rate swaps. The agency provided transitional no-action relief after LCH, a Commodity Futures Trading Commission-registered derivatives clearing organization, asked the SEC to grant relief ahead of ...

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