LCH.Clearnet opens account with RBA
First overseas CCP to do so
LCH.Clearnet has become the first overseas central clearing counterparty (CCP) to open a deposit and liquidity facility with the Reserve Bank of Australia (RBA), enabling customers to settle Australian dollar transactions.
While the global clearing house is the first to maintain an exchange settlement account (ESA) with the RBA, it has also become a direct member of the Reserve Bank Information and Transfer System (RITS) – Australia's high-value payments system, which is used by banks and other
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