Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
The Monetary Authority of Singapore (MAS) has formally granted LCH.Clearnet's EnClear, ForexClear and SwapClear businesses recognised clearing house status, as the global clearing house continues to expand in the Asia-Pacific region in anticipation of Singapore mandating clearing in some products.
Singapore proposed introducing a clearing mandate for US dollar- and Singapore dollar-denominated interest rate swaps in July 2015, leading LCH.Clearnet to expect a significant demand for its services
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