CFTC gives LCH.Clearnet leeway on clearing certain swaps

09/25/2013 | Hedgeweek (London)

A division of the Commodity Futures Trading Commission has told LCH.Clearnet Group that the latter will not face enforcement action for clearing designated-contract-market or swap-execution-facility swaps, even though it is not authorized to do so. LCH.Clearnet's relief will last until March 31 or until the CFTC grants it permission to clear such swaps.

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