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LCH.Clearnet Ltd, a worldwide clearing house, has achieved formal status as a Recognized Clearing House by the Monetary Authority of Singapore (MAS), the country’s central banking entity, according to an LCH.Clearnet statement.
The recognition will go a long way in helping shore up LCH.Clearnet’s status domestically, with specific regards to the group’s EnClear, ForexClear, and SwapClear services. The recognition by MAS also represents the next step by the clearing house to more deeply integrate its operations in Singapore, following the existing business it has conducted there.
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Presently, LCH.Clearnet clears a variety ... (read more)