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LCH has just launched an account type for European firms that promises to streamline collateral management and has the support of three major clearing members.
The LCH Ltd. clearinghouse has launched a new type of client account via its SwapClear service that among other aspects will allow European buy-side firms to send collateral directly to the LCH and allow them to retain beneficial title to it, officials say. The creation of the new account type, CustodialSeg, is in response to...
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