CFTC approves LCH.Clearnet#s registration as a derivatives clearing organisation

Stocks and Financial Services Press Releases Monday December 23, 2013 09:48
Washington DC--23 Dec--Asian Banker

Washington DC, December 17th 2013 - Today, the Commodity Futures Trading Commission (Commission) issued an Order granting Banque Centrale de Compensation, doing business as LCH.Clearnet SA (LCH.C SA), registration as a derivatives clearing organization pursuant to Section 5b of the Commodity Exchange Act.

LCH.C SA, a subsidiary of LCH.Clearnet Group, Ltd., is organized under the laws of France and is regulated in France by the Autorité des marchés financiers and the Autorité de contrôle prudentiel et résolution. Subject to the terms and conditions of the Order, LCH.C SA is authorized to provide clearing services for credit default swaps and such other swaps that the Commission determines LCH.C SA is eligible to clear.

--www.theasianbanker.com (December 23 2013)--

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