LCH.Clearnet gains U.K. approval to launch clearing service

03/13/2012 | Wall Street Journal, The

The U.K.'s Financial Services Authority has approved LCH.Clearnet's request to roll out clearing services for over-the-counter currency nondeliverable forwards. The London clearinghouse did not offer a timeframe for the service, but said clearing of other foreign exchange derivatives is also a possibility.

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