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LCH.Clearnet plans to offer rate-swaps clearing in Australia
LCH.Clearnet Group aims to compete with the Australian Securities Exchange by offering clearing of interest-rate swaps to Australian banks. CEO Ian Axe says four of five major banks have expressed intent to use LCH.Clearnet.
The Australian (free content) (12/12), Bloomberg (tiered subscription model) (12/12), Automated Trader Magazine online (12/12)
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