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LCH.Clearnet gets FSA green light for FX clearing

Source: LCH.Clearnet

LCH.Clearnet Limited (LCH.Clearnet), the world's leading independent multi-asset class clearing house, on Monday received regulatory non-objection for its new OTC foreign exchange (FX) clearing service (ForexClear) from the Financial Services Authority (FSA)

LCH>Clearnet is now working with members towards the imminent launch of non-deliverable forwards.